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Fedders Electric and Engineering informs about outcome of board meeting

30 Jul 2024 Evaluate
Fedders Electric and Engineering has informed that the Board of Directors at its meeting held on today Tuesday, 30th July, 2024, has, considered and approved the following items: The Board has accorded its approval/consent for issuance and allotment of 29,98,125 (Twenty-Nine Lakhs Ninety-Eight Thousand One Hundred Twenty Five 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 23,98,50,000 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 11:15 AM.

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

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