Fedders Holding Limited has scheduled its 35th Annual General Meeting for Wednesday, September 30, 2026. The meeting will be conducted through Video Conferencing or Other Audio-Visual Means.

The agenda includes ordinary business items such as the adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026. Shareholders will also vote on the reappointment of Mr. Vishal Singhal as a director.

Special Business Resolutions

The special business segment focuses on significant board composition changes. The company seeks shareholder approval for the regularisation of three directors appointed by the Board in July 2026.

Mrs. Geeta Mittal is proposed for appointment as a Non-Executive Woman Independent Director. Her term is set for five consecutive years, effective from September 30, 2026, to September 29, 2031. She will not be liable to retire by rotation.

Mr. Anil Kumar Kaushik and Mr. Rajpal Singh are proposed for regularisation as Non-Executive Non-Independent Directors. Both were initially appointed as Additional Directors on July 27, 2026. They will hold office liable to retire by rotation.

Meeting Logistics and Voting

The register of members and share transfer books will remain closed from September 24, 2026, to September 30, 2026. The cut-off date for determining voting eligibility is Wednesday, September 23, 2026.

Remote e-voting will commence on Sunday, September 27, 2026, at 9:00 am and conclude on Tuesday, September 29, 2026, at 5:00 pm. Shareholders holding shares as on the cut-off date are entitled to cast their votes electronically.

M/s. Chandan J & Associates has been appointed as the scrutinizer to oversee the voting process. The results will be declared immediately after the conclusion of the meeting and uploaded to the company website.

Fedders Holding reported a consolidated net profit of ₹913.1 crore for the financial year ended March 31, 2026, marking a significant increase from ₹377.1 crore in the previous year. The holding company’s standalone operations, however, incurred a loss of ₹57.1 lakh, compared to a loss of ₹5.6 lakh in FY25.

Consolidated Financial Performance

The group’s consolidated revenue from operations stood at ₹3,447.5 crore in FY26, down from ₹4,251.7 crore in the prior year. Despite the decline in top-line figures, the bottom line expanded sharply due to substantial other income and exceptional items.

Other income surged to ₹927.5 crore from ₹308.9 crore in the previous year. This growth was primarily driven by interest income on loans and gains on the sale of securities. Exceptional items contributed ₹128.1 crore to the pre-tax profit, compared to ₹12.8 crore in FY25.

Standalone Results

On a standalone basis, Fedders Holding recorded minimal operational activity. Revenue from operations fell to ₹2.7 lakh from ₹95.4 lakh in FY25. The company reported total expenses of ₹58.3 lakh, leading to a pre-tax loss of ₹55.6 lakh. Tax expenses were negligible at ₹1.5 lakh.

The standalone balance sheet shows total assets of ₹3,905.3 lakh, with investments in subsidiaries accounting for the majority of non-current assets at ₹3,819.5 lakh. Cash and cash equivalents increased slightly to ₹7.0 lakh from ₹5.0 lakh in the previous year.

What the Numbers Show

The divergence between the standalone loss and the consolidated profit highlights the group's reliance on its subsidiaries for profitability. While the holding company generated negligible operating revenue, its wholly-owned subsidiary, Fedders Electric and Engineering Limited, contributed significantly to the group's earnings. The consolidated other income of ₹927.5 crore far exceeds the consolidated revenue from operations, indicating that investment returns and one-time gains were the primary drivers of the fiscal year's profitability rather than core trading activities.

Corporate Developments

The company disposed of its entire equity investment in IM+ Investments & Capital Private Limited during the year, ceasing to be a subsidiary. Additionally, the Board recommended the re-appointment of Mr. Vishal Singhal as a director and the regularisation of Mrs. Geeta Mittal, Mr. Anil Kumar Kaushik, and Mr. Rajpal Singh as directors. No dividend was declared for the year.