Fedders Holding Ltd Board Approves Q1 FY27 Unaudited Financial Results

Fedders Holding Ltd announced that its Board of Directors, in a meeting held on August 14, 2026, approved the Unaudited Financial Results (Standalone and Consolidated) for the first quarter ended June 30, 2026. The results were accompanied by a Limited Review Report from the Statutory Auditors. The company also noted the disposal of its entire equity investment in 'IM+ Investments & Capital Private Limited', resulting in it ceasing to be a wholly owned subsidiary. The consolidated review report highlighted several issues with a subsidiary, including un-transferred funds to the Investor Education and Protection Fund, improper fixed asset records, non-disclosure of present value for preference shares, and unsatisfactory supporting documents for tour and travelling expenses.