Andrew yule & company Limited has disclosed receiving a regulatory fine from BSE Limited for non-compliance with board composition requirements. The Government of India enterprise informed stakeholders about the penalty through a disclosure dated 27th February, 2026.

BSE Penalty Details

The company received a notice from BSE Limited on 27th February, 2026, imposing a fine for regulatory non-compliance. The penalty specifics are outlined below:

Waiver Request and Justification

Andrew Yule & Company has formally requested BSE Limited to grant a waiver of the imposed fine. The company submitted its waiver request on 27th February, 2026, citing its unique corporate structure and governance framework.

The company's justification for the waiver request centers on its status as a Central Public Sector Enterprise (CPSE) under the administrative control of the Ministry of Heavy Industries, Government of India. In this structure, the power to appoint Directors on the Board of Directors vests with the President of India, limiting the company's direct control over board composition.

Compliance Measures

To address the regulatory non-compliance and prevent future violations, Andrew Yule & Company has initiated corrective measures. The company has approached its administrative ministry to facilitate the appointment of the requisite number of Independent Directors.

This proactive step aims to ensure compliance with Regulation 17(1) of SEBI (LODR) Regulations, 2015, which governs board composition requirements for listed companies. The company's efforts demonstrate its commitment to meeting regulatory standards while working within the constraints of its CPSE structure.

Regulatory Framework

The disclosure was made pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, which mandates listed companies to inform stock exchanges and stakeholders about material events and developments. The company's transparent communication regarding the penalty and remedial actions reflects adherence to disclosure obligations despite the underlying compliance issue.

Andrew Yule & Company Limited has published its Q3FY26 quarterly financial results for the quarter and nine months ended December 31, 2025. The Board of Directors approved the unaudited standalone and consolidated financial results at their meeting held on February 11, 2026.

Financial Results Publication

The company disclosed the publication of its financial results through newspaper advertisements in compliance with regulatory requirements. The results were published in Financial Express (English - all editions) and Dainik Jugasankha (Bengali - Kolkata edition) on February 12, 2026.

Regulatory Compliance and Accessibility

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. Company Secretary Sucharita Das communicated the publication to BSE Limited, emphasizing compliance with regulatory obligations.

The complete financial results along with the Auditors Report are available on the Stock Exchange website ( www.bseindia.com ) and the company's website ( www.andrewyule.com ). The company has also provided QR codes in the published advertisements for easy access to the detailed financial information.

Recent Operational Update

Earlier on the same day, the company had disclosed that certain units observed a nationwide general strike on February 12, 2026, but anticipated no material impact on operations. This disclosure was also made in compliance with SEBI listing obligations, with Company Secretary Sucharita Das handling the regulatory communication.

Company Leadership

The financial results publication was authorized by Chairman & Managing Director Ananta Mohan Singh (DIN: 03594804). 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.