Andrew Yule & Company Ltd

AGM Details

• AGM scheduled for 24 September 2026 at 11:30 a.m. via Video Conferencing.
• Notice and annual report to be sent electronically to registered members.
• Remote e-voting from 21 September 2026, 9:00 to 23 September 2026, 17:00 IST.
• Members in the register as on 17 September 2026 eligible to vote.

Key Decisions

• 78th AGM scheduled for 24 September 2026 at 11:30 AM via VC/OAVM.
• Special notice proposes removal of Director Ananta Mohan Singh; resolution to be placed at AGM.
• Register of Members and share transfer books to close 18–24 September 2026 for AGM.
• Board noted C&AG comments on standalone and consolidated financial statements for FY ending 31 March 2026.

Appointment of Independent Director

• Change: appointment as Non-official Independent Director, w.e.f. 17 August 2026.
• Tenure: 3-year term or until further orders, whichever earlier.
• Profile: Chartered Accountant with 30+ years' experience; qualified in Law and Mass Communication.
• Reason: to fill independent director role on AYCL Board.
• Relationship: NIL with other directors.

Audit and results

• Adopted revised standalone and consolidated audit reports for FY ended 31 March 2026.
• Replaced earlier reports per CAG observations raised during supplementary audit.
• Unaudited standalone and consolidated Q1 FY2026-27 results with Limited Review Report.

Cost auditor appointment

• Re-appointment of M/s Bandyopadhyaya Bhaumik & Co. as Cost Auditor for FY2026-27.

AGM scheduling

• Date of 78th AGM deferred due to non-availability of CAG comments.

Results snapshot

• Unaudited standalone and consolidated results for quarter ended 30 June 2026 approved on 12 Aug 2026.
• Consolidated total income: 593,649 Lakhs; consolidated expenses: 803,057 Lakhs.
• No provision for current tax for the quarter ended 30 June 2026.

Audit & emphasis of matter

• Independent limited review by M. C. Kodali & Co; no audit opinion expressed.
• Audit Trail introduced for financial transactions; consolidation relies on manual processes.
• Closure proposals for Yule Electrical Ltd and Yule Engineering Ltd submitted to the Ministry of Heavy Industries.
• Provident Fund liability 5,566.54 Lakhs; gratuity 1,903.11 Lakhs; penalty 337.47 not accounted.
• SEBI penalty of 66.04 Lakhs provided; company seeking waiver.
• Subsidiaries Yule Engineering Ltd not going concern; Yule Electrical Ltd unable to realize assets.

Notes & accounting matters

• IND AS 116 adopted; Assam tea gardens carve-out exemption noted.
• Previous year figures reorganized; some reclassifications.

Meeting Details

• Board meeting via video conferencing on 12 August 2026 at 2:30 p.m.

Key Agenda Items

• Consider and record unaudited financial results for the quarter ended 30 June 2026.

Other Notes

• Trading window for designated employees remains closed up to 14 August 2026.

Dematerialisation processing status

• Securities received for dematerialisation in the reporting quarter were processed and listed.
• Dematerialised securities have been listed on the stock exchange(s).
• Physical certificates received for dematerialisation were mutilated and cancelled; depository name substituted as registered owner.
• Confirmation of processing and listing was received within the 15-day timeline.
• Registrar and Share Transfer Agent confirmed the processing and listing.