Andrew Yule & Company Ltd has appointed M/s. Nag & Associates (CA0402), Chartered Accountants, as its Statutory Auditors for the financial year 2026-27. The appointment was made vide letter No./CA. V/COY/CENTRAL GOVERNMENT,ANDYUL(3)/613 dated 8th September, 2026 (received on 11th September, 2026) issued by the Office of the Comptroller and Auditor General of India (CAG) under section 139 of the Companies Act, 2013.

The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

Auditor Profile: M/s. Nag & Associates

  • Firm Structure: Partnership firm with 10 partners (9 FCA, 1 ACA)
  • Establishment: Founded in 1978, continuous practice since 22.08.1978
  • Offices: Head office in Bhubaneswar; branch offices in Kolkata, New Delhi, Hyderabad, and Dhanbad
  • Staff Strength: 49 audit staff (21 at head office, 20 at branches) and 7 office staff
  • Registration: ICAI FRN 312063E, CAG empanelment CA 0402, RBI UCN 070628
  • Senior Partner: CA Indranath Nag with 46+ years of experience since 22.08.1978

Key Audit Experience:

  • PSU Statutory Audits: Central Coalfield Limited, Bharat Coking Coal Limited, Odisha State Beverages Corporation Limited, NJMC Limited, Odisha Power Generation Corporation Limited
  • Bank Audits: State Bank of India, Andhra Bank, Union Bank of India, IDBI Bank, various cooperative banks
  • Internal Audits: NTPC Limited, South Eastern Coal Fields Limited, TP Central Odisha Distribution Limited, MMTC Limited
  • Forensic Audits: Regional Medical Research Centre, GRIDCO Limited, various IBC 2016 cases
  • International Experience: Extensive audit work in Bhutan including Druk Air Corporation, National Housing Development Corporation
  • Specialized Services: Physical verification of assets/stocks for NALCO, NHPC, Indian Oil Corporation, NTPC, Power Grid Corporation

Regulatory Conditions:

The CAG's appointment letter specifies that:

  • Supplementary/test audit is entrusted to Director General of Audit, Power, New Delhi
  • Remuneration must follow Section 142 of Companies Act 2013 and DCA guidelines
  • The company must provide audit fee details for 2026-27 revision and item-wise remuneration for other services paid to auditors for 2025-26 once accounts are finalized
  • The appointment is subject to conditions stipulated in Annexure-I available on CAG's website

The disclosure was signed by Sucharita Das, Company Secretary, and submitted to BSE Limited on 11th September, 2026.