Fedders Holding Ltd Confirms No Deviation in Use of Proceeds from Preferential Issue of Warrants

Fedders Holding Ltd (Formerly known as IM+ Capitals Limited) has released a statement confirming no deviation or variation in the use of proceeds from the preferential issue of warrants convertible into equivalent number of equity shares. The statement was reviewed and approved by the Audit Committee and taken on record by the Board of Directors at their respective meetings held on 13th February, 2026. The funds, amounting to Rs. 85,80,000/-, were raised on 18th October, 2025, and have been utilized for infusing funds in subsidiary company M/s Fedders Electric and Engineering Limited.