Fedders Electric and Engineering has informed that the Board of Directors at its meeting held on today ie. Monday, 29 July, 2024, has considered and approved the following items: The Board has accorded its approval/consent for issuance and allotment of 36,25,000 (Thirty-Six Lakh Twenty-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. 29,00,00,000 to the Promoter of the Company namely Fedders Holding (Formerly known as IM+ Capitals).
The above information is a part of company’s filings submitted to BSE.
