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Fedders Electric and Engineering informs about outcome of board meeting

26 Jul 2024 Evaluate
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. Friday, 26 July, 2024, Fedders Electric and Engineering has informed that the Company has considered and approved the following items: The Board has accorded its approval/consent for issuance and allotment of 43,75,000 (Forty-Three Lakh Seventy-Five Thousand Only) Redeemable Non-Convertible Cumulative Preference shares of face value of Rs 10 each (Rupees Ten Only) at a premium of Rs 70 aggregating to Rs 35,00,00,000 to the Promoter of the Company namely Fedders Holding (Formerly known as IM+ Capitals). The Board Meeting commenced at 10:30 AM and concluded at 11:30 AM.

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