Members of the Exchange are hereby informed about the Delisting of Equity shares of Fedders Electric and Engineering Limited w.e.f. March 02, 2026, pursuant to Resolution plan approved by Hon ble National Company Law Tribunal (NCLT), Allahabad Bench, Prayagraj, read with Section 31 of Insolvency Bankruptcy Code, 2016, Regulation 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.
Awaiting price reaction for this filing.
Fedders Electric and Engineering Limited's equity shares will be delisted from the stock exchanges with effect from March 02, 2026. The delisting follows a resolution plan approved by the NCLT Allahabad Bench, Prayagraj, under Section 31 of the Insolvency and Bankruptcy Code, 2016, and Regulation 39(4) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The company went through the Corporate Insolvency Resolution Process (CIRP), and a resolution plan has been approved, leading to the exit of existing equity shareholders. Shareholders will no longer be able to trade the stock on the exchanges after the delisting date.
Existing shareholders are likely to lose their equity stake as the resolution plan approved under IBC typically involves change in ownership and may not provide fair compensation to old shareholders. The stock will cease to trade on NSE/BSE from the delisting date, and investors may have limited recourse to recover value.