FEDDERELECNSEFedders Electric and Engineering LimitedHighNeutral
Announced Tue, 11 Nov, 2025 · 17:22 IST
Q2 FY26 revenue drops; auditor gives qualified opinion; delisting approved
Qualified OpinionRevenue DeclineExceptional ItemContingent Liabilities IncreasedResults View source PDFExplain this filing
Price reaction
Awaiting price reaction for this filing.
AI summary
Q2 FY26 revenue from operations fell to Rs 53.49 crore from Rs 85.06 crore a year ago. Profit for the quarter was Rs 7.97 crore. Auditor O. Aggarwal and Co gave a qualified conclusion, flagging unpaid IEPF dues of Rs 47.65 lakhs, missing fixed asset registers, improper scrap inventory records, and Ind AS 109 non-compliance on preference shares. NCLT Allahabad approved delisting of shares from NSE and BSE in October 2025, with 100 percent promoter holding now in place. Exceptional items of Rs 4.33 crore featured in Q2 results.
Likely market impact
Qualified auditor opinion and sharp revenue decline raise governance red flags. Delisting process means retail shareholders will eventually lose liquidity; expect price pressure.