Andrew Yule & Company Limited (AYCL), a prominent player in the Indian industrial sector, has announced a significant addition to its leadership team. The company has appointed Shri Sharad Kumar as the new Director (Planning) and designated him as a Key Managerial Personnel (KMP), effective November 17, 2025.

Appointment Details

The appointment comes following an order from the Ministry of Heavy Industries, Government of India. Here are the key details of the appointment:

Professional Background

Shri Sharad Kumar brings a wealth of experience to his new role at Andrew Yule & Co Limited:

• Age: 54 years
• Experience: Nearly three decades across various industries
• Expertise:
  • Strategic thinking
  • Leadership
  • Mentoring
  • Operational excellence
  • Safety management
  • Performance optimization

Career Highlights

Shri Kumar's diverse career spans several key industries and projects:

1. Civil Construction: Led major projects including BARC-Tarapur (Units 3 & 4), Mumbai-Pune Expressway, Delhi Metro (DMRC), and NHPC hydel projects.
2. Mining: Extensive experience in iron ore (Odisha), coal (Madhya Pradesh), and limestone (Odisha, Assam, Telangana).
3. Cement Industry: Served as General Manager at Cement Corporation of India (CCI), recognized for leadership as Unit Head at Bokajan and Tandur units.

Educational Background

Shri Kumar's academic credentials include:

• M.Tech in Opencast Mining from IIT (ISM) Dhanbad
• First-Class Mines Manager Certificate (FCMMC) issued by DGMS
• C-DAC (PG-DAC) in Advanced Computing from YCPAIT, Mumbai
• B.Sc. (Engineering) in Mining from BIT Sindri
• Currently pursuing an MBA in Business Management from the School of Open Learning (SOL), University of Delhi (2024-2026)

Compliance and Disclosure

AYCL has confirmed that Shri Sharad Kumar has provided a declaration stating he is not debarred from holding the office of Director by any SEBI order or order of any other such authority.

This strategic appointment is expected to bring fresh perspectives and extensive industry experience to Andrew Yule & Co Limited's leadership team, potentially influencing the company's planning and operational strategies in the coming years.

Andrew Yule & Company , a government enterprise, has reported a turnaround in its quarterly performance, posting a profit for the quarter ended September 30. However, the company continues to face significant financial challenges.

Q2 Financial Highlights

• Profit of Rs 135.99 lakh for Q2
• Loss of Rs 2,367.94 lakh in the previous quarter (Q1)
• Half-year results show a loss of Rs 2,553.40 lakh

Improved Quarterly Performance

The company's Q2 results mark a significant improvement from the previous quarter's loss. This turnaround suggests some positive developments in the company's operations or market conditions.

Ongoing Financial Challenges

Despite the quarterly profit, Andrew Yule & Company faces several financial hurdles:

1. Delayed Payments: The company has substantial outstanding liabilities:

2. Regulatory Non-Compliance: SEBI has levied penalties totaling Rs 23.94 lakh for non-compliance with listing regulations.

3. Half-Year Losses: Despite the Q2 profit, the company's half-year results still show a significant loss.

Management Actions

The company has taken steps to address these issues:

1. SEBI Penalty Waiver: Andrew Yule & Company has requested SEBI to waive the penalties via letters dated May 30 and August 29.

2. Board Appointments: The company is strengthening its leadership, with the appointment of Shri Sharad Kumar as Director (Planning) pending his assumption of charge.

Looking Ahead

While the Q2 profit is a positive sign, Andrew Yule & Company still faces significant challenges. The company's ability to sustain profitability, address its outstanding liabilities, and ensure regulatory compliance will be crucial for its long-term financial health.

Investors and stakeholders will likely be watching closely to see if the company can build on this quarter's positive results and address its ongoing financial and regulatory challenges.