Company Update

Fedders Holding Limited has announced the resignation of Mr. Akshay Parmar as an Independent Director, effective from close of business hours on May 12, 2025. He will also step down as Chairperson and Member of the Audit Committee, and as a Member of the Nomination & Remuneration and Stakeholders Relationship Committees due to other professional commitments.

Mr. Parmar confirmed there are no material reasons for his resignation beyond this and holds no directorships in other listed companies.

This change impacts the company's board composition and committee memberships.