Description

BSE announces the delisting of Fedders Electric and Engineering Ltd's equity shares effective March 02, 2026, pursuant to a Resolution Plan approved by the NCLT Allahabad Bench on October 16, 2025.

Summary

BSE has notified trading members that Fedders Electric and Engineering Ltd (Scrip Code: 500139) will be delisted from the Exchange effective Monday, March 02, 2026. The delisting follows a Resolution Plan approved by the Hon’ble National Company Law Tribunal (NCLT), Allahabad Bench, vide its order dated October 16, 2025. The company has confirmed compliance with all requirements stipulated under the NCLT order.

Key Points

  • Fedders Electric and Engineering Ltd (Scrip Code: 500139) is being delisted from BSE.
  • Delisting is pursuant to an NCLT-approved Resolution Plan (Allahabad Bench order dated October 16, 2025).
  • The company has confirmed full compliance with the NCLT delisting requirements.
  • Effective date of delisting: Monday, March 02, 2026.
  • Trading members are advised to take immediate note of the delisting.

Regulatory Changes

The delisting is mandated by the National Company Law Tribunal under its Resolution Plan framework (Insolvency and Bankruptcy Code proceedings). This is an NCLT-directed delisting, not a voluntary or exchange-initiated action, and supersedes normal delisting procedures under SEBI Delisting Regulations.

Compliance Requirements

  • Trading members must cease trading in the equity shares of Fedders Electric and Engineering Ltd (Scrip Code: 500139) on or before the delisting effective date.
  • Members holding open positions or client securities in this scrip should take appropriate action prior to March 02, 2026.
  • For clarifications, trading members may contact Ms. Vaidehi Phatak at Tel. No. 022-2272 8646.

Important Dates

  • October 16, 2025: NCLT Allahabad Bench approved the Resolution Plan.
  • February 23, 2026: BSE notice issued to trading members.
  • March 02, 2026: Effective date of delisting from BSE Exchange records.

Impact Assessment

The delisting of Fedders Electric and Engineering Ltd has a high impact on existing shareholders and trading members. Once delisted on March 02, 2026, the equity shares will no longer be tradable on BSE, eliminating exchange-based liquidity. Shareholders will need to explore alternative exit options as provided under the NCLT Resolution Plan. Trading members are urged to inform affected clients promptly and settle any outstanding positions before the delisting date.

Impact Justification

Delisting of an equity scrip is a high-impact event directly affecting all existing shareholders and trading members holding or trading in the stock. The effective date of March 02, 2026 is imminent, requiring urgent awareness.