Fedders Electric and Engineering has informed that pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable rules and regulations the Board of Directors at its meeting held on today i.e. Wednesday, 03rd July, 2024, has considered and approved the following items: The Board has accorded its approval/consent for issuance and allotment of 3309600 (Thirty-Three Lakh Ninety-Six Hundred Only) Redeemable Non-Convertible Cumulative Preference shares of face value of Rs 10 each (Rupees Ten Only) at a premium of Rs 40 aggregating to Rs 16,54,80,000 to the Promoter of the Company namely Fedders Holding Limited (Formerly known as IM+ Capitals Limited). The Board Meeting commenced at 10:30 AM and concluded at 11:00 AM.
The above information is a part of company’s filings submitted to BSE.
