Fedders Electric and Engineering Limited — Others, 17-12-2024: Change in Auditors

Fedders Electric and Engineering Ltd. has announced a board meeting regarding the appointment of M/s O. Aggarwal & Co. as the new Statutory Auditor for FY 2024-25, following the resignation of M/s Rajiv Malhotra & Associates. This appointment aims to maintain continuity in the company's financial oversight, ensuring no disruptions in auditing processes. O. Aggarwal & Co., established in 1985, brings extensive experience in various financial functions. This transition may enhance investor sentiment, indicating the company’s commitment to robust financial governance and operational stability, potentially leading to a positive outlook among stakeholders.