FEDDERELECNSEFedders Electric and Engineering LimitedLowNeutral
Announced Wed, 13 Aug · 18:54 IST

Fedders Electric and Engineering Limited has informed the Exchange about Re-appointment of Statutory Auditors, Internal Auditor, and Cost Auditor

Management Changes View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Fedders Electric and Engineering Limited's Board, at its meeting on August 13, 2025, approved the re-appointment of three audit firms. M/s. O. Aggarwal & Co. has been re-appointed as Statutory Auditor for a five-year term covering FY2025-26 to FY2029-30, subject to shareholder approval at the upcoming AGM. M/s. Punam Kumar Gupta & Associates has been re-appointed as Internal Auditor for FY2025-26, and M/s. Jain Sharma & Associates has been re-appointed as Cost Auditor for FY2025-26. All three firms are established Delhi-based chartered/cost accountancy firms with over three decades of experience. The re-appointments were made on the recommendation of the Audit Committee.

Likely market impact

This is a routine governance disclosure with no material impact on shareholders. Continuity of auditors signals stable financial oversight, though the re-appointment of the same statutory auditor for five years is subject to shareholder approval at the AGM.