Current MD Mr. Debashish Jana is killing Andrew Yule with his incompetency.
As per auditor report attached with the q2 results, their bank has lost the lease papers for some land parcels. Also, many other land parcels have expired lease. There are issues with provident fund to be received from the government.
Electrical division in Chennai is going through a strike.
The silver lining is the Engineering division which has posted a maiden net profit.
There are talks of privatising Andrew Yule, which is not possible as long as an able MD like Mr. Kallol Datta is brought in.