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.
