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Fedders Holding LtdResults, 30-05-2025: Result

30-05-2025 | 10:18 pm

Fedders Holding Limited has announced a board meeting outcome approving the financial results for the quarter and half-year ended March 31, 2025. The standalone results received a clean audit opinion, while the consolidated results carried a qualified opinion mainly due to issues in its wholly owned subsidiary, Fedders Electric and Engineering Limited. Concerns include non-compliance with minimum public shareholding, untransferred investor education fund amounts, incomplete fixed asset and scrap inventory records, unsupported travel expenses, and non-spending of mandated CSR funds. The company also noted the annual secretarial compliance and audit reports for FY25.

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