Andrew Yule & Company Ltd Secures Loan Arrangements from Promoter and Tea Board of India
Andrew Yule & Company Ltd, a Government of India Enterprise, has entered into loan arrangements with two major entities: the Company’s Promoter, the Government of India through the Ministry of Heavy Industries, and the Tea Board of India. These arrangements provide the company with working capital support.The Company confirmed the details of these transactions, which involve the availing of a short-term loan and a soft loan, respectively. The loans have been sanctioned with a tenure of one year for both agreements.
The financial details of the loan arrangements are presented below:
| Parameter | Government of India (Promoter) | Tea Board of India |
|---|---|---|
| Nature of Transaction | Availment of short-term loan | Availment of soft loan |
| Amount of Loan | ₹30,00,00,000 (Rupees thirty crore only) | ₹5,00,00,000 (Rupees five crore only) |
| Date of Sanction | 18th April, 2026 | 20th April, 2026 |
| Tenure | 1 (one) year | 1 (one) year |
| Interest Rate | 8.30% per annum | 8.65% per annum |
| Other Terms & Conditions | As per Office Memorandum dated 18th April, 2026, issued by Department of Economic Affairs, Ministry of Finance. | As per the agreement entered into by the Company with Tea Board. |
The loan arrangements with the Government of India through the Ministry of Heavy Industries were sanctioned on April 18, 2026, while the soft loan from the Tea Board of India was sanctioned on April 20, 2026. The terms and conditions for both loans are governed by specific departmental memorandums and agreements.
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