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 Limited has regularised the appointment of Mr. Ankit Mittal (DIN: 07092296) as Executive, Non-Independent Director for a five-year term. He was first appointed as an Additional Director on 4th April 2025, and the board, at its meeting on 9th June 2025, approved converting his role into a full Executive Director. The appointment still needs shareholder approval, which will be sought at an Extra-Ordinary General Meeting (EGM) scheduled for 1st July 2025. Mr. Mittal is an MBA from Dr. A.P.J. Abdul Kalam Technical University and brings experience in finance and banking. The company has confirmed he is not debarred from holding directorship by SEBI or any other authority.
This is a routine board-level change with no immediate impact on stock price. Shareholders should watch the 1st July 2025 EGM, where they will vote on confirming his appointment. As an Executive Director, Mr. Mittal will be involved in day-to-day management decisions.