Andrew Yule BSE fine: Andrew Yule & Company Ltd informed BSE on 26 August 2026 that it has requested a waiver of the Rs 5,36,900 fine imposed for non-compliance with Regulation 17(1) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

In its Regulation 30 filing, the company said the matter relates to non-compliance during the quarter ended 30 June 2026. According to the disclosure, Andrew Yule received a BSE notice dated 25 May 2026, sent at 7.01 pm, imposing the fine.

CPSE cites director appointment framework

Andrew Yule said it submitted a letter to BSE on 26 August 2026 seeking waiver of the fine under the provisions of the standard operating procedure circular issued by the stock exchanges.

The company based its request on its status as a Central Public Sector Enterprise under the Ministry of Heavy Industries. It explained that the authority to appoint directors to its board rests with the President of India.

Regulation 17(1), cited in the BSE notice, concerns the composition of the board of directors of a listed entity. Andrew Yule's filing links the cited non-compliance to the process governing appointments to its board.

Independent director appointments taken up with ministry

The company also said it has raised the issue with its administrative ministry for the appointment of the requisite number of independent directors. The stated purpose is to ensure compliance with the regulation referred to in the exchange notice.

  • BSE fine disclosed: Rs 5,36,900
  • Provision cited: Regulation 17(1) of SEBI LODR Regulations, 2015
  • Waiver request submitted: 26 August 2026
  • Administrative ministry: Ministry of Heavy Industries, Government of India

The filing records Andrew Yule's waiver request and the steps it says it has taken with the ministry. It does not state that BSE has approved the waiver or withdrawn the fine.

Source: BSE corporate announcement.