Annual Secretarial Compliance Report for the the Financial Year 2024-25.
FEDDERSHOL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Fedders Holding filed its Annual Secretarial Compliance Report for FY 2024-25 on May 30, 2025, prepared by M/s Chetna Bhola & Associates. The Practicing Company Secretary flagged three compliance deviations: discrepancies in shareholding pattern filings for June 2024 and September 2024 quarters, and non-compliance with board composition norms under Regulation 17(1)(c), which requires a minimum of six directors for top 2000 listed entities by market cap. The report also noted that the company's website is missing several key disclosures including shareholding patterns, corporate governance reports, annual report for FY 2023-24, and investor grievance details. During the year, the company approved a 10:1 stock split (Rs. 10 face value to Rs. 1), allotted 17.3 lakh convertible warrants to non-promoters, and converted warrants into about 1.02 crore equity shares across multiple tranches, while forfeiting 5.6 lakh warrants worth Rs. 2.35 crore due to non-payment. Minor late filings of SH-7, AOC-4 XBRL, and MGT-7 forms were made with small additional fees of Rs. 2,400, Rs. 300, and Rs. 500 respectively.
Multiple governance lapses—particularly the board composition non-compliance and incomplete website disclosures—signal weak compliance practices that could attract further regulatory scrutiny or penalties from BSE. The 10:1 stock split and warrant conversions will increase the share count and potentially improve liquidity, but shareholders should track whether the company rectifies its board composition and website disclosure gaps promptly.