Resignation pursuant to Completion of Tenure as Independent Director
FEDDERSHOL · price
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Mr. Rahul Chaudhary (DIN: 07871105) has resigned as Non-Executive Independent Director of Fedders Holding Limited after completing his first term of appointment. His resignation took effect from the close of business hours on 12th May 2025. He also stepped down from his roles as Chairperson/Member of the Nomination & Remuneration Committee and Stakeholders Relationship Committee, and as a Member of the Audit Committee. He has confirmed he is not seeking reappointment and that there are no other material reasons for his departure. He does not hold directorships in any other listed entity.
This is a routine, planned exit due to end of the independent director's term with no governance red flags. The board will need to fill the vacancy to maintain the required number of independent directors; minimal direct impact on shareholders or stock price.