Fedders Electric and Engineering Limited
Fedders Electric & Engineering Ltd. is the largest manufacturer of heat exchanger in India
What Fedders files
- Others43
- Board Meeting13
- Updates5
- Important3
- Results2
Fedders Electric announced no exit price was set for its delisting process. With 100% promoter ownership, no exit offer is required for shareholders as part of the delisting.
Fedders Electric and Engineering's Board has approved the delisting of its equity shares from NSE and BSE. The company will proceed to file the required applications with both exchanges.
Fedders Electric & Engineering received NCLT approval to delist from NSE and BSE. This follows their Resolution Plan, which couldn't meet public shareholding rules. The plan included a Rs 30 Cr equity infusion from the Resolution Applicant. Key stakeholders supported the delisting.
Fedders Electric developed 5 lakh sq ft commercial rental space: 3 lakh sq ft in Noida (warehouse/IT) & 2 lakh sq ft in Sikandrabad (warehouse). This business expansion awaits lease agreements.
Board approved Chandan J & Associates as Secretarial Auditor for 5 years, subject to shareholder approval. The 69th Annual General Meeting notice was also approved, with Chandan J & Associates appointed as Scrutinizer for voting.