Fedders Holding Ltd — Board Meeting, 30-05-2025: Board Meeting

Fedders Holding Limited has announced a board meeting approving the financial results for the quarter and year ended March 31, 2025. The standalone results received an unmodified audit opinion, indicating clean financial reporting, while the consolidated results came with a qualified opinion due to issues related to its wholly-owned subsidiary, Fedders Electric and Engineering Limited. Key concerns include non-compliance with minimum public shareholding norms, delayed transfer of Rs 47.65 lakh to the Investor Education and Protection Fund, inadequate fixed asset and inventory records, unsupported travel expenses, and non-spending of Rs 76.32 lakh on Corporate Social Responsibility activities. These issues have led to suspension of the company’s shares on major exchanges. The company continues to address these compliance and control weaknesses.