Voting Results and Scrutinizer''s Report on Postal Ballot Process through Remote E-Voting.
FEDDERSHOL · price
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Fedders Holding Limited (formerly IM+ Capitals Limited, BSE scrip code 511628) completed a postal ballot via remote e-voting held from April 9 to May 8, 2025, with all three resolutions approved by shareholders. Resolution 1 was the regularisation of Mrs. Sonal Singhal as a Non-Executive, Non-Independent Woman Director, which passed as an ordinary resolution with 99.996% votes in favor (the promoter group, being an interested party, did not cast votes on this item). Resolution 2 appointed Mr. Nihar Ranjan Satapathy as a Non-Executive, Independent Director, passing as a special resolution with 99.9999% support, including promoter votes of 92,538,090 shares. Resolution 3 appointed Mr. Nandan Mohanty as a Non-Executive, Independent Director on identical terms, also passing with 99.9999% support. Out of 8,530 shareholders on the record date and 20,12,15,970 total outstanding shares, voter turnout was low at under 47% of shares even for the most-voted resolutions. The scrutinizer was Chetna Bhola & Associates, Company Secretaries.
These are routine corporate governance actions that strengthen the board by adding two independent directors and formalising a woman director's position. No material impact on stock price or shareholder value is expected, though the appointments should improve board oversight and compliance with SEBI's independent director requirements.