Audited Standalone Financial Results for the Fourth quarter and year ended 31.03.2025
Awaiting price reaction for this filing.
Fedders Electric and Engineering Ltd (formerly Fedders Lioyd Corporation Ltd) reported its audited standalone results for the quarter and year ended 31 March 2025. Statutory auditors O. Aggarwal & Co. issued a qualified (modified) opinion, flagging multiple issues: share trading is suspended on both BSE and NSE, public shareholding is below SEBI's 25% minimum, Rs 47.65 lakh due to be transferred to the IEPF has not been moved, the company has not maintained a proper fixed asset register, CSR spending of Rs 76.32 lakh was not incurred as required, preference shares issued during the year were not accounted for under Ind AS 109, and travel expenses lacked supporting documentation. FY25 total income stood at around Rs 148–151 Cr compared with Rs 454.81 Cr in FY24, a sharp ~67% revenue decline. Profit before tax was Rs 37.64 Cr versus Rs 87.08 Cr in FY24, with EPS of Rs 29.52. The company has filed with NCLT to delist from both stock exchanges since 100% is now held by the promoter.
The qualified audit opinion, suspended share trading, multiple compliance failures, and the pending delisting application raise serious governance and liquidity concerns. If NCLT approves the delisting, retail shareholders will effectively lose the ability to trade their shares on the exchanges.