ANDREW YULE & COMPANY LTD.

Andrew Yule & Company Ltd has announced the appointment of M/s. Nag & Associates, Chartered Accountants, as its Statutory Auditors for the financial year 2026-27. The appointment was made by the Comptroller and Auditor General of India (CAG) and is effective from September 8, 2026. Nag & Associates, established in 1978, has offices in multiple locations and is empanelled with the CAG, IBA, and RBI. The company will be responsible for auditing the financial statements and consolidated financial statements for the specified fiscal year.

Andrew Yule & Company Ltd has announced its 78th Annual General Meeting (AGM) will be held on Thursday, September 24, 2026, at 11:30 a.m. The meeting will be conducted entirely through Video Conferencing (VC) or Other Audio Visual Means (OAVM). Key agenda items include the adoption of the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026, the continuation of appointments for directors Shri Vijay Mittal, Shri Sharad Kumar, and Shri Kulbhushan Malhotra, and the fixation of remuneration for the Statutory Auditors for the financial year 2026-27. The notice has been sent to all members via their registered email addresses.

Andrew Yule & Company Ltd has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, as per SEBI regulations. The report details the company's corporate identity, operational overview, employee statistics, and market presence. Key business activities include manufacturing and selling tea, transformers, and industrial fans, contributing 100% to turnover. The company operates primarily within India, with minimal exports (0.02% of turnover). The report also outlines employee numbers, with a significant workforce of 13,624 workers and 196 employees as of FY26.

Andrew Yule & Company Ltd has submitted its Annual Report for the financial year 2025-26, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report includes the Notice for the 78th Annual General Meeting and audited standalone and consolidated financial statements for the year ended March 31, 2026. The company aims to leverage its heritage to become a forward-looking, sustainable enterprise recognized for engineering excellence and nurturing communities with premium commodities. Key objectives include robust revenue growth through asset modernization, delivering quality electrical and engineering solutions, and promoting transparent corporate governance for self-sustaining growth contributing to national development. The report will also be available on the company's website.

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.

Andrew Yule & Company Ltd has announced that its 78th Annual General Meeting (AGM) will be held on Thursday, September 24, 2026, at 11:30 a.m. The meeting will be conducted through Video Conferencing/Other Audio Visual Means. The company will send the AGM notice and the Annual Report 2025-26 electronically to members. A remote e-voting facility will be available from September 21, 2026, 9 A.M. (IST) to September 23, 2026, 5 P.M. (IST). The cut-off date for eligibility to vote is September 17, 2026.

Andrew Yule & Company Ltd held its 279th Board meeting on August 24, 2026. Key outcomes include the scheduling of the 78th Annual General Meeting (AGM) for September 24, 2026, to be conducted via Video Conferencing. The Board also noted a special notice from a shareholder proposing the removal of Shri Ananta Mohan Singh as Director. The Register of Members and Share Transfer Books will be closed from September 18 to September 24, 2026, for the AGM. Additionally, the Board took note of the Comptroller and Auditor General of India's comments on the standalone and consolidated financial statements for the year ended March 31, 2026.

Andrew Yule & Company Ltd announced the appointment of Shri Singhai Sanjay Jain as a Non-official Independent Director on its Board. The appointment, made by the President of India via the Ministry of Heavy Industries, is effective from August 17, 2026, for a term of three years. Shri Jain is a practicing Chartered Accountant with over three decades of experience in finance, law, and mass communication.

Andrew Yule & Company Ltd held its 278th Board meeting on August 12, 2026. The board adopted a revised auditors report dated July 18, 2026, for the financial year ended March 31, 2026, superseding earlier reports due to supplementary audit observations from the CAG. Unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, along with a limited review report, were also presented. Additionally, the re-appointment of M/s Bandyopadhyaya Bhaumik & Co. as Cost Auditor for FY 2026-27 was approved. The date for the 78th Annual General Meeting was deferred pending CAG comments.

Andrew Yule & Company Ltd announced its unaudited standalone financial results for the quarter ended June 30, 2026. The Board of Directors approved the results on August 12, 2026. The company's auditors provided a limited review report. The filing also highlighted several points including the introduction of 'Audit Trail' features, a proposal for the closure of two wholly-owned subsidiaries, delays in statutory payments, and a SEBI penalty for non-compliance.