Annual Secretarial Compliance Report for FY 2025-26
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Andrew Yule & Company Ltd, a Central Public Sector Enterprise under Ministry of Heavy Industries, has received its Annual Secretarial Compliance Report for FY 2025-26 from T. Chatterjee & Associates. The report identifies multiple non-compliances with SEBI LODR Regulations. Key issues include: (1) Board composition non-compliance with Regulation 17 - non-executive directors were less than 50% and no woman director was present till July 2025; (2) Audit Committee (Regulation 18) chairperson was not an independent director; (3) Nomination and Remuneration Committee (Regulation 19) was improperly constituted with only executive directors; (4) Stakeholder Relationship Committee (Regulation 20) had no independent director; (5) Minimum public shareholding is below 25% though timeline extended till August 2026. BSE has imposed cumulative fines of approximately Rs. 21.86 lakh for these violations.
The company faces ongoing regulatory penalties from BSE for governance non-compliances. As a CPSE where director appointments are controlled by the Ministry, resolving independent director requirements remains pending. The NSE suspension of securities adds to investor concerns.