Fedders Electric And Engineering Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/11/2025 ,inter alia, to consider and approve delisting ....
Awaiting price reaction for this filing.
Fedders Electric and Engineering Ltd has informed BSE that its Board of Directors will meet on November 5, 2025 to consider and approve the delisting of its equity shares from both NSE and BSE. The delisting proposal follows an order passed by the Hon'ble National Company Law Tribunal (NCLT). The company has already closed its trading window for insiders in compliance with SEBI's insider trading regulations. The company is registered in Sikandrabad, Bulandshahr (UP) with BSE Scrip Code 500139 and NSE Symbol FEDDERELEC.
If approved, shareholders may lose the ability to trade their shares on stock exchanges, potentially leading to illiquidity and uncertainty about exit value. The NCLT order context suggests this may be tied to corporate restructuring or insolvency proceedings, which shareholders should monitor closely for implications on share value.