Notice of Postal Ballot under Section 110 of the Companies Act, 2013
FEDDERSHOL · price
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Fedders Holding Limited has issued a Postal Ballot Notice to shareholders for three resolutions, with e-voting open from 9 April 2025 to 8 May 2025. The first resolution seeks to regularise Mrs. Sonal Singhal (wife of Managing Director Mr. Vishal Singhal) as a Non-Executive, Non-Independent Woman Director; she was appointed as an Additional Director on 13 February 2025 and holds 11.5 lakh shares in the company. The second and third resolutions are Special Resolutions to appoint Mr. Nihar Ranjan Satapathy and Mr. Nandan Mohanty as Non-Executive, Independent Directors for a five-year term from 8 May 2025 to 7 May 2030. Voting will be conducted electronically through MUFG Intime India (formerly Link Intime), with Ms. Chetna Bhola appointed as Scrutinizer. Results will be declared on or before 10 May 2025.
This is a routine governance action with no direct financial impact, though shareholders should note that Item 1 involves a related-party appointment (MD's spouse). Approval of the resolutions will strengthen the board composition and bring it into compliance with Section 152 of the Companies Act, 2013.