Requisite disclosure is enclosed.
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Andrew Yule & Company Ltd has received a notice from BSE dated 27th February 2026 imposing a fine of Rs. 5,42,800 for non-compliance with Regulation 17(1) of SEBI (LODR) Regulations, 2015 during the quarter ended 31st December 2025. The non-compliance relates to the requirement for Independent Directors on the Board. The company has requested BSE to waive the fine, citing that as a Central Public Sector Enterprise under the Ministry of Heavy Industries, appointment of Directors vests with the President of India. The company has also escalated the matter to the administrative ministry for appointment of the requisite number of Independent Directors.
The fine is a nominal amount (Rs. 5.43 lakh) relative to the company's size and is unlikely to materially affect financials. However, it flags an ongoing Board composition compliance issue that the company cannot independently resolve, which may persist until the Ministry appoints Independent Directors.