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The Ministry of Heavy Industries, Government of India, has appointed Shri Kulbhushan Malhotra, Dy. Secretary, MHI, as Part-time Official Director (Government Nominee) on the board of Andrew Yule & Company Ltd, replacing Shri Brajesh Kumar Srivastava with effect from 13th January 2026. Shri Srivastava has relinquished his post as Government Nominee Director on the same date. The new appointee will assume directorship once his Director Identification Number (DIN) is obtained. Andrew Yule is a Government of India undertaking, so such changes are administrative rotations of official nominees by the administrative ministry.
This is a routine government-nominee change with no impact on the company's operations, strategy, or minority shareholders. Since both the incoming and outgoing directors are government officials from the same ministry, the board's stance remains unchanged.