Description

BSE notifies trading members that Fedders Electric and Engineering Ltd will be delisted from the Exchange effective March 02, 2026, pursuant to a Resolution Plan approved by the NCLT, Allahabad Bench.

Summary

BSE has issued a notice (No. 20260223-17) informing trading members that Fedders Electric and Engineering Ltd (Scrip Code: 500139) will be delisted from the BSE w.e.f. Monday, March 02, 2026. The delisting is pursuant to the 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 of the NCLT order for delisting.

Key Points

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

Regulatory Changes

The delisting is not a voluntary or market-driven event but is directed by an NCLT Resolution Plan order. This is a statutory/insolvency-driven delisting, distinguishing it from standard SEBI delisting regulations under the SEBI (Delisting of Equity Shares) Regulations.

Compliance Requirements

  • Trading members must cease trading in Fedders Electric and Engineering Ltd (Scrip Code: 500139) on BSE effective March 02, 2026.
  • Members holding positions or facilitating client transactions in this scrip should notify affected clients and settle any pending obligations prior to the delisting date.
  • 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 directing delisting.
  • February 23, 2026: BSE circular issued notifying trading members.
  • March 02, 2026: Effective date of delisting from BSE records.

Impact Assessment

This delisting has a high impact on existing shareholders and trading members transacting in this scrip. Once delisted, shares of Fedders Electric and Engineering Ltd will no longer be tradable on BSE, eliminating exchange-based liquidity for holders. Shareholders will need to explore alternative exit mechanisms as permitted under the NCLT Resolution Plan. Trading members should proactively reach out to clients holding this scrip to communicate the imminent delisting and settle any open positions before March 02, 2026.

Impact Justification

Delisting of a listed equity from the exchange is a high-impact event for all shareholders and trading members holding or transacting in the scrip, with an imminent effective date of March 02, 2026.