Please find the enclosed Outcome of Board Meeting held on 11th February, 2026.
Awaiting price reaction for this filing.
Fedders Electric and Engineering (a company revived out of CIRP and now 100% owned by Fedders Holding) announced Q3 FY26 unaudited results. Revenue from operations rose to about Rs 88.69 Cr in Q3 from Rs 53.49 Cr a year earlier, and Q3 profit jumped to Rs 36.74 Cr from Rs 14.49 Cr. On a nine-month basis, revenue actually shrank to Rs 210.50 Cr from Rs 315.72 Cr (down around 33%), but nine-month PAT more than doubled to Rs 67.83 Cr versus Rs 31.08 Cr last year. A large part of the profit surge came from a one-time Rs 26.44 Cr recovery of trade receivables that had earlier been written off, booked under 'Other Income'. The Board also appointed Mrs. Mamata Khandelwal as the new Company Secretary and Compliance Officer. The statutory auditor (O. Aggarwal & Co.) issued a QUALIFIED review report, flagging several issues: improper fixed asset register, Rs 47.65 lakh not yet transferred to IEPF, missing scrap inventory records, preference shares not valued per Ind AS 109, unsupported travel expenses, and inadequate documents backing the Rs 26.44 Cr receivable recovery.
Headline PAT growth looks strong but is largely driven by a one-time recovery, not core operations, and the 9-month revenue trend is clearly negative. The auditor's qualified opinion, with multiple red flags on record-keeping and documentation, raises governance concerns. Additionally, the company is in the process of delisting from NSE and BSE (NCLT approval received October 2025), meaning shareholders will eventually lose trading liquidity in the stock.