Andrew yule & company Limited has appointed Shri Kulbhushan Malhotra as Part-time Official Director (Government Nominee) on its Board of Directors, effective January 27, 2026. The appointment was disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Appointment Details

The company informed BSE Limited through an official communication dated January 27, 2026, that Malhotra's appointment became effective upon obtaining his Director Identification Number (DIN: 11507259) on the same date. This appointment follows the company's earlier communication dated January 14, 2026, regarding the directorial change.

Professional Background and Experience

Shri Kulbhushan Malhotra brings extensive experience in government service spanning over 34 years. His diverse professional background encompasses multiple areas of public administration and governance.

Educational Qualifications

• M.A. in Public Administration from Indira Gandhi National Open University (IGNOU)
• Bachelor of Administration from University of Delhi

Key Professional Experience

Malhotra's career includes significant roles across various government departments:

• Current Position: Deputy Secretary in the Ministry of Heavy Industries since October 2025
• Previous Role: Under Secretary in the Ministry of Communications, Department of Telecommunications, for over two years
• Extended Service: More than nine years in the Department of Personnel & Training (DoPT), handling matters related to government functioning and administration

Regulatory Compliance

The company has confirmed that Malhotra has furnished a declaration stating he is not debarred from holding the office of Director pursuant to any SEBI order or order of any other authority. The appointment details were provided in accordance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Company Information

Andrew Yule & Company Limited operates as a Government of India enterprise, with its registered office located at Yule House, 8, Dr. Rajendra Prasad Sarani, Kolkata. The company secretary Sucharita Das signed the regulatory disclosure documents on January 27, 2026.

Andrew Yule & Company Limited has announced a significant change in its board composition following an official directive from the Ministry of Heavy Industries (MHI), Government of India. The state-owned enterprise disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Transition Details

The Ministry of Heavy Industries issued Order F. No. 10-10(9)/2018-PE.I dated January 13, 2026, communicating that the President of India has appointed Shri Kulbhushan Malhotra, Deputy Secretary at MHI, as Part-time Official Director (Government Nominee) on the company's board. This appointment comes as a direct replacement for Shri Brajesh Kumar Srivastava, Deputy Secretary at MHI, who previously held the same position.

Regulatory Compliance and Documentation

The company has fulfilled its disclosure obligations by providing comprehensive details as required under SEBI regulations. Shri Brajesh Kumar Srivastava officially relinquished his position as Part-Time Official Director effective January 13, 2026, following the presidential appointment order.

Shri Kulbhushan Malhotra will formally assume his directorship responsibilities upon availability of his Director Identification Number (DIN), in accordance with the provisions of the Companies Act, 2013. The appointment carries immediate effect and will continue until further orders from the appointing authority.

Corporate Governance Framework

This board change reflects the standard governance practices for government enterprises, where the Ministry of Heavy Industries exercises its oversight role through nominated directors. The transition ensures continuity in government representation on the company's board while maintaining regulatory compliance standards.

The disclosure was signed by Company Secretary Sucharita Das on January 14, 2026, confirming the company's adherence to timely reporting requirements under SEBI guidelines. Andrew Yule & Company Limited continues to operate as a Government of India enterprise, with its registered office located at Yule House, Kolkata.