Regularisation and Appointment of Mr. Ankit Mittal (DIN: 07092296) as Executive, Non-Independent Director for a Term of Five Years.
Awaiting price reaction for this filing.
Fedders Electric and Engineering Ltd has regularised the appointment of Mr. Ankit Mittal (DIN: 07092296) as Executive, Non-Independent Director for a term of five years, effective from 4th April 2025. He was originally appointed as an Additional Director on 4th April 2025 and his regularisation was approved by the Board on 9th June 2025. The appointment is subject to shareholder approval at an Extra-Ordinary General Meeting scheduled on 1st July 2025. Mr. Mittal is an MBA from Dr. A.P.J. Abdul Kalam Technical University with experience in finance and banking. The company confirmed he has not been debarred from holding a directorship by SEBI or any other authority.
This is a routine board-level appointment requiring shareholder confirmation; it brings an executive with finance and banking experience onto the board but is not material enough to drive a significant stock price reaction on its own.