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Fedders Electric and Engineering informs about outcome of CoC meeting

09 Mar 2020 Evaluate

In reference to earlier letter dated 27th February, 2020, wherein the Company had intimated about the holding of the 8th Meeting of the Committee of Creditors (CoC) of Fedders Electric and Engineering (Corporate Debtor'); Fedders Electric and Engineering has informed now that pursuant to the provisions of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, the 8th meeting of Coe was held on 03rd March, 2020 at 04:00 pm at the State Bank of India, 12th Floor, Stress Asset Management Branch, Jawahar Vyapar Bhawan, STC Building, 1, Tolstoy Marg, Janpath, New Delhi - 110001 and the Coe discussed and approved the following items which were put up for voting by the Members of CoC: To discuss and approve convening of meeting of Committee of Creditors at a shorter notice - Approved with 94.67% Votes; Approval of Fee of Statutory Auditor- Rajiv Malhotra & Associates of Fedders Electric & Engineering for the FY 2018-19 - Approved with 94.67%Votes. The above information may be treated as disclosure under Regulation 30 read with Part A of Schedule Ill of the of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The above information is a part of company’s filings submitted to BSE.


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