Fedders Electric and Engineering Ltd - Board Meeting Outcome for Outcome Of The Board Meeting Held On 30Thjuly, 2024
30 Jul 2024
Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable rules and regulations the Board of Directors at its meeting held on today i.e. Tuesday, 30th July, 2024, has, inter alia, 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 M/s Fedders Holding Limited (Formerly known as IM+ Capitals Limited).
The Board Meeting commenced at 10:30 A.M and concluded at 11:15 A.M.
Source:
BSE India