McNally Bharat Engineering Company Limited has disclosed receiving a significant regulatory notice from the Employees Provident Fund Organization (EPFO), Ranchi, requiring the company to deposit ₹9.60 crores under provisions of the EPF & MP Act, 1952.

Notice Details and Assessment

The company received the notice relating to Section 14B of the EPF & MP Act, 1952. The EPFO has directed McNally Bharat to deposit the assessed amount, marking a significant regulatory development for the engineering company.

CIRP-Era Origins and Current Response

The subject matter of the notice originated during McNally Bharat's Corporate Insolvency Resolution Process (CIRP) when the company was under a Resolution Professional. Following the new promoter's takeover, the company has been systematically identifying and addressing information and regulatory gaps from the CIRP tenure. This EPFO notice represents one such gap that has now been identified.

The company emphasized that no action had been taken on this alleged claim by those administering the company during the CIRP period, and it has only now been discovered. McNally Bharat is actively engaged in addressing the issue through multiple approaches.

Company's Action Plan

McNally Bharat is currently evaluating its options to address the notice. The company's approach includes:

• Close liaison with PF authorities to address the alleged inconsistency
• Assessment of the notice's authenticity and sustainability
• Evaluation of rights to appeal with higher authorities
• Taking necessary actions to comply with directives as required

The company stated that if follow-up discussions with PF authorities reveal no shortcomings on the company's part, the matter will be pursued through legal channels.

Regulatory Compliance and Disclosure

In accordance with Regulation 30 of SEBI (LODR) Regulations, 2015, McNally Bharat has informed both NSE and BSE about this development. The company has committed to keeping stock exchanges informed of any material developments arising from this notice in compliance with regulatory requirements.

The disclosure demonstrates the company's commitment to transparency while it navigates the resolution of regulatory matters inherited from its CIRP period under new management.

Fedders Electric and Engineering Limited has announced a key leadership change with the resignation of its Company Secretary and Compliance Officer. The company informed stock exchanges about this development in compliance with regulatory requirements.

Leadership Transition Details

Mr. Pramod Kumar, holding membership number A76101, has tendered his resignation from the position of Company Secretary and Compliance Officer. The resignation was submitted through a formal letter dated December 12, 2025, and becomes effective from the close of business hours on the same date.

Reason for Departure

According to the company's official communication, Kumar cited better opportunities and overall professional growth as the primary reasons for his resignation. In his resignation letter addressed to the Board of Directors, he expressed his intention to move ahead for career advancement opportunities.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Fedders Electric and Engineering Limited has formally notified both BSE Limited and the National Stock Exchange of India Limited about this change in key managerial personnel.

The resignation letter specifically mentions compliance with Regulation 6 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Kumar has requested the Board of Directors to arrange for necessary filings with the Registrar of Companies, Kanpur, and ensure proper intimation to stock exchanges as per applicable provisions.

Company Information

Fedders Electric and Engineering Limited, formerly known as Fedders Lloyd Corporation Ltd., operates from its corporate office at C-15 RDC, Raj Nagar, Ghaziabad, Uttar Pradesh. The company's registered office is located at 6 and 6/1, UPSIDC Industrial Area, Sikandrabad, District-Bulandshahr, Uttar Pradesh. The announcement was signed by Managing Director Vishal Singhal (DIN: 03518795).