Proceedings of the 69th Annual General Meeting of the Company held on Monday, September 29, 2025.
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Fedders Electric and Engineering held its 69th AGM on September 29, 2025, at its registered office in Sikandrabad, Uttar Pradesh, from 3:00 PM to 3:40 PM. Only 7 members attended in person, while remote e-voting was available from September 26–28, 2025. Five resolutions were passed, including adoption of the FY25 standalone financial statements, re-appointment of M/s O. Aggarwal & Co. as statutory auditors, re-appointment of Managing Director Vishal Singhal (who retires by rotation), appointment of a secretarial auditor for FY26–FY30, and ratification of the cost auditor's remuneration for FY26. Notably, the Chairman disclosed that the auditor's report contained a qualified opinion, and certain qualifications in the secretarial audit report were also flagged. No member questions were raised during the meeting, and voting results were to be filed with BSE, NSE, and the company's website within two working days.
The qualified opinion in the statutory auditor's report is a red flag that shareholders should watch — it signals reservations about the company's financials that need attention. Otherwise, the meeting was routine, with re-appointments of existing auditors and the Managing Director, no special dividends or fundraising actions, and very thin member turnout (just 7), all of which suggest a largely procedural AGM with no material positive catalysts for the stock.