Tax & Penalty26 Aug 2026, 12:36 pm
Andrew Yule fined ₹5.36 Lakhs by BSE for non-compliance
AI Summary
Andrew Yule & Company Ltd has received a notice from BSE Ltd. imposing a fine of ₹5,36,900 for non-compliance with Regulation 17(1) of SEBI (LODR) Regulations, 2015 for the quarter ended June 30, 2026. The company has requested a waiver from BSE, citing its status as a CPSE under the Ministry of Heavy Industries, where the power to appoint directors rests with the President of India. AYCL is also engaging with its administrative ministry to ensure the appointment of requisite independent directors to comply with the regulations.
Key Highlights
- BSE imposes ₹5.36 Lakhs fine on Andrew Yule for regulatory non-compliance.
- Non-compliance pertains to SEBI (LODR) Regulations for the quarter ended June 30, 2026.
- Company seeks waiver, citing CPSE status and presidential power for director appointments.
- Engaging with administrative ministry for appointment of independent directors.
Price Impact
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