The board of directors of Andrew Yule & Company Limited at its meeting held on February 13, 2024, approved Designation of Shri Sanjay Verma, Director (Finance) of the Company as the Chief Financial Officer (CFO) of the Company as per section 203 of the Companies Act, 2013 in place of Shri Some Nath Maitra, General Manager (F&A) of the Company. Effective date is February 13, 2024. Shri Sanjay Verma is a finance professional with more than 30 years' experience across various organisations, Shri Verma is a Chartered Accountant and a post graduate in commerce.

He is a believer of continuous learning and has enhanced his skills through a PGEP in Financial Management from NIFM, Faridabad, Certificate Course in Forex & Treasury management from ICAI and training in management skills from IIM Bangalore. Shri Verma has a rich profile experience in reputed organizations like Bharat Heavy Electricals Ltd. (BHEL) and National Highways Authority of India (NHAI). In the process of discharging his responsibilities, Shri Verma has pioneered reforms in various facets of finance functions within BHEL and NHAI, which has contributed extensively in enhancing the financial health and efficiency of operations while mitigating risks at the same time.