The Board of Directors of fedders holding has approved the company’s application to list its equity shares on the National Stock Exchange of India Limited (NSE) through the Direct Listing route. This strategic move aims to enhance liquidity and broaden the investor base for the Ghaziabad-based entity. Alongside the listing decision, the board restructured its composition by appointing three new directors and accepting the resignation of one existing director during its meeting held on July 27, 2026.

The company will file the necessary application with the NSE in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, the Securities Contracts (Regulation) Rules, 1957, and other applicable laws. The board meeting commenced at 3:00 pm and concluded at 4:00 pm at the company’s registered office in Raj Nagar, Ghaziabad.

Board Composition Changes

The board noted the resignation of Mrs. Sonal Singhal (DIN: 09745010), Non-Executive Non-Independent Woman Director, effective from the close of business hours on July 27, 2026, due to personal reasons. She also stepped down as a member of the Nomination & Remuneration Committee. Mrs. Singhal confirmed that she does not hold directorships in any other listed entities.

To fill the vacancy and strengthen governance, the board appointed Mrs. Geeta Mittal (DIN: 00195352) as an Additional Director in the category of Non-Executive Woman Independent Director. Her appointment is for a term of five consecutive years, subject to shareholder approval. She will hold office until the ensuing General Meeting or three months from July 27, 2026, whichever is earlier. Mrs. Mittal holds a Bachelor of Arts degree and brings experience in business management and corporate administration.

Additionally, the board appointed Mr. Anil Kumar Kaushik (DIN: 09131127) and Mr. Rajpal Singh (DIN: 00726592) as Additional Directors in the category of Non-Executive Non-Independent Directors. Both appointments are effective from July 27, 2026, and are valid until the ensuing General Meeting or three months from the date of appointment, whichever is earlier. All newly appointed directors have confirmed they are not debarred from holding office by SEBI or any other authority.

Regulatory Compliance

The appointments and resignations were disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The board verified that Mrs. Geeta Mittal satisfies the independence criteria under Section 149(6) of the Companies Act, 2013 and Regulation 16(1)(b) of the SEBI (LODR) Regulations, 2015.

What This Means

The approval of the direct listing application marks a significant step for Fedders Holding Limited, transitioning it from its previous identity as IM+ Capitals Limited towards a broader public market presence. The simultaneous board reshuffle ensures continuity in governance while introducing new expertise ahead of the listing process. Shareholders will need to approve the long-term tenure of the new independent director at the ensuing general meeting.

Fedders Holding Limited has reported a sharp rise in its consolidated financial performance for the fourth quarter, with net profit surging to ₹367 million compared to ₹66 million in the same period last year. Revenue for the quarter also grew to ₹1.3 billion, up from ₹1.1 billion on a year-on-year basis, reflecting broad-based improvement across the company's operations.

The results were considered and approved at the company's board meeting held on May 29, 2026, at its registered office located at C-15, RDC, Raj Nagar, Ghaziabad-201001, Uttar Pradesh. The Audit Committee reviewed the audited standalone and consolidated financial results prior to the board's approval, in line with standard governance procedures.

Q4 Financial Highlights

The following table presents Fedders Holding's key consolidated financial metrics for the fourth quarter on a year-on-year basis:

The substantial jump in net profit underscores a significant improvement in the company's profitability, with earnings more than quintupling on a year-on-year basis. Revenue growth, while comparatively moderate, reflects continued business momentum for the company.

Regulatory Compliance

In compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the company had kept the trading window for dealing in its securities closed ahead of the results. The closure remained in effect until 48 hours after the declaration of the financial results. All designated persons and insiders were advised to refrain from dealing in the shares of the company during this period. The intimation was issued pursuant to Regulation 29(1)(a) and Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Meeting Details