Tax & Penalty27 May 2026, 06:24 pm
Andrew Yule Fined ₹5.31 Lakh for SEBI LODR Non-Compliance
AI Summary
Andrew Yule & Company Ltd. received a notice from BSE Ltd. on May 27, 2026, imposing a fine of ₹5,31,000 for non-compliance with Regulation 17(1) of the SEBI (LODR) Regulations, 2015, for the quarter ended March 31, 2026. The company has requested BSE to waive the fine, citing its status as a Central Public Sector Enterprise (CPSE). Andrew Yule has also engaged with the administrative ministry for the appointment of the required number of Independent Directors to ensure future compliance.
Key Highlights
- Andrew Yule fined ₹5.31 Lakh by BSE for LODR non-compliance.
- Fine relates to Regulation 17(1) for quarter ended March 31, 2026.
- Company requested waiver, citing CPSE status.
- Andrew Yule is addressing Independent Director appointments for compliance.
Price Impact
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