Fedders Electric and Engineering Limited has informed the Exchange regarding Change in Director(s) of the company.
Awaiting price reaction for this filing.
Fedders Electric and Engineering Limited has regularised the appointment of Mr. Ankit Mittal (DIN: 07092296) as Executive, Non-Independent Director for a 5-year term, effective from 4th April 2025. Mr. Mittal was initially taken on board as an Additional Director on 4th April 2025, and the Board approved his regularisation at its meeting on 9th June 2025. The appointment is subject to shareholder approval at the Extra-Ordinary General Meeting scheduled for 1st July 2025. Mr. Mittal holds an MBA from Dr. A.P.J. Abdul Kalam Technical University and has experience in finance and banking. The company confirmed he has not been debarred from holding a directorship by SEBI or any other authority.
This is a routine governance update with no negative signals — the new executive director brings finance and banking experience to the board. Shareholders will vote on the appointment at the EGM on 1st July 2025; no immediate impact on stock price is expected.