Fedders Holding Ltd — Updates, 30-05-2025: Company Update

Fedders Holding Limited (formerly IM+ Capitals Limited) complied broadly with SEBI regulations during FY 2024-25, except for minor lapses in shareholding pattern disclosures and a shortfall in board composition, as it currently does not have the mandated minimum of six directors. The company allotted over 96 lakh equity shares through conversion of warrants and forfeited 5.6 lakh warrants due to non-payment, resulting in forfeiture of ₹2.35 Cr. It also approved subdivision of shares from ₹10 to ₹1 face value. Delayed filings with ROC led to small additional fees. The company’s website lacks some mandatory disclosures, including updated shareholding patterns and governance reports. Previous fines for delayed financial result submissions and annual report filings have been settled. Overall, the company is addressing compliance but needs improvement in disclosure and board structure, which are important for investor confidence and governance standards.