Intimation of Resignation of Independent Director
FEDDERSHOL · price
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Mr. Akshay Parmar (DIN: 08562446) has resigned as an Independent Director of Fedders Holding Ltd, effective from the close of business hours on May 12, 2025. The reason cited was personal preoccupations and other professional commitments. Along with his directorship, he also stepped down as Chairperson and Member of the Audit Committee, and as a Member of the Nomination & Remuneration Committee and the Stakeholders Relationship Committee. He confirmed he holds no directorships in other listed entities and that there are no other material reasons for his resignation.
This is a routine single independent director resignation due to personal reasons with no governance red flags. The company will need to fill the vacancy on its board and committees to maintain regulatory compliance, but there is no direct material impact on shareholders or business operations.