Fedders Holding Limited has announced that its material subsidiary, Fedders Electric and Engineering Limited, has received delisting orders from both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). The orders, dated February 23, 2026, approve the voluntary delisting of the subsidiary's equity shares effective March 02, 2026.

Delisting Order Details

The delisting has been approved following a resolution plan sanctioned by the Hon'ble National Company Law Tribunal (NCLT), Allahabad Bench, Prayagraj, dated October 16, 2025. The key details of the delisting order are presented below:

Regulatory Framework

The delisting is being conducted pursuant to the resolution plan approved under Section 31 of the Insolvency Bankruptcy Code, 2016, and Regulation 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. Fedders Electric and Engineering Limited has confirmed compliance with all requirements specified in the NCLT order for the delisting process.

Stock Exchange Notifications

Both exchanges have issued formal notifications regarding the delisting:

BSE Notification

• Notice Number: 20260223-17
• Category: Company related
• Segment: Equity
• Scrip Code: 500139

NSE Notification

• Circular Reference: 2026/0185
• Symbol: FEDDERELEC
• Department: Listing

Impact Assessment

Fedders Holding Limited has stated that it does not anticipate any material impact on its consolidated financial statements from this delisting, except to the extent already disclosed. The subsidiary qualifies as a material subsidiary under Regulation 16 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The disclosure was made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (LODR) Regulations, 2015, ensuring compliance with mandatory disclosure requirements for material events affecting subsidiaries.

Fedders Holding Limited announced its Q3FY26 quarterly results for the quarter ended December 31, 2025, following a board meeting held on February 13, 2026. The company approved unaudited standalone and consolidated financial results along with limited review reports from statutory auditors O. Aggarwal & Co. Chartered Accountants.

Financial Performance Overview

The company's consolidated financial results demonstrated significant growth across key metrics for the quarter ended December 31, 2025:

For the nine-month period ended December 31, 2025, consolidated performance showed:

Standalone Results

The standalone financial performance for Q3FY26 showed total income of 0.75 lakhs compared to 42.88 lakhs in Q3FY25, with a net loss of 7.22 lakhs versus a net profit of 8.16 lakhs in the corresponding previous quarter. For the nine-month period, standalone total income was 2.68 lakhs with a net loss of 30.84 lakhs.

Auditor Qualifications

The statutory auditors issued qualified conclusions for the consolidated financial results due to several matters related to the subsidiary Fedders Electric and Engineering Limited:

• Amount of ₹47.65 lakhs required to be transferred to Investor Education and Protection Fund till December 31, 2025, which was not transferred
• Inadequate maintenance of fixed assets register for assets handed over during management takeover
• Lack of proper inventory records for scrap materials from previous management
• Non-compliance with Ind AS 109 requirements for financial instruments regarding preference shares
• Insufficient documentation for tour and travelling expenses paid through credit cards
• Recognition of trade receivable of ₹26.44 crore in other income that were previously written off

Corporate Structure

The consolidated results include two wholly owned subsidiaries:

Recent Developments

The company allotted 200,000 equity shares to warrant holders on October 19, 2025, at ₹57.20 per share including premium of ₹56.20. Additionally, 9,800,000 warrants were forfeited during the quarter and nine months ended December 31, 2025, due to non-payment of balance amounts by warrant holders within the stipulated time period.

The board meeting commenced at 3:00 PM and concluded at 4:45 PM on February 13, 2026, at the company's registered office in Ghaziabad, Uttar Pradesh.