Fedders Electric and Engineering Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 29, 2025
Awaiting price reaction for this filing.
Fedders Electric and Engineering Limited held its 69th AGM on September 29, 2025, at its registered office in Sikandrabad, Uttar Pradesh, from 3:00 PM to 3:40 PM, with 7 members present. Managing Director Mr. Vishal Singhal chaired the meeting, where all five ordinary resolutions were passed, including adoption of the FY2024-25 standalone financial statements, re-appointment of M/s O. Aggarwal & Co. as statutory auditors, re-appointment of Mr. Vishal Singhal as director retiring by rotation, appointment of a secretarial auditor for 5 years (FY2025-26 to FY2029-30), and ratification of the cost auditor's remuneration. Notably, the Chairman disclosed that the Auditor's Report contained a Qualified Opinion, and that certain qualifications were also noted in the Secretarial Audit Report. Remote e-voting was open from September 26-28, 2025, and combined voting results will be announced to the stock exchanges within two working days.
The qualified opinion from the statutory auditor and qualifications in the secretarial audit are red flags that may concern shareholders, as they indicate the auditors identified specific issues in the FY2024-25 financial statements or compliance matters that need attention. The routine re-appointments of directors and auditors suggest continuity, but investors should monitor the detailed voting results and any clarifications the company provides on the audit qualifications.