Outcome of the Board Meeting held on 29th October, 2025.
Awaiting price reaction for this filing.
Fedders Electric and Engineering Ltd's Board of Directors, at a meeting held on 29th October 2025 (11:00 AM to 11:30 AM), approved the issuance and allotment of 2,50,000 Redeemable Non-Convertible Cumulative Preference Shares. Each share carries a face value of Rs. 10 with a premium of Rs. 70, aggregating to a total of Rs. 2 crore. The shares will be allotted to the company's promoter, M/s Fedders Holding Limited (formerly IM+ Capitals Limited). Since these are non-convertible preference shares, they will not dilute existing shareholders' equity stakes.
Existing shareholders face no equity dilution as the instruments are non-convertible. The Rs. 2 crore infusion from the promoter signals promoter confidence and strengthens the company's capital base.