Resignation pursuant to Completion of Tenure as Independent Director.
FEDDERSHOL · price
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Mr. Rahul Chaudhary (DIN: 07871105), Non-Executive Independent Director of Fedders Holding Ltd (formerly IM+ Capitals Limited), has resigned effective close of business hours on 12th May 2025, citing completion of his first term of appointment. He has confirmed he is not seeking reappointment and that there are no other material reasons for his exit. Along with his board seat, he vacates his roles as Chairperson/Member of the Nomination & Remuneration Committee and Stakeholders Relationship Committee, and as a Member of the Audit Committee. He held no directorships in any other listed entity, and the company has filed the required SEBI LODR disclosures.
This is a routine, planned departure tied to the natural end of his tenure, with no governance red flags or controversies raised. Shareholders should watch for timely appointment of a replacement Independent Director, as three key board committees (Audit, NRC, SRC) will need new members to maintain compliance and continuity.