Fedders Holding Ltd Announces FY2026 Results; Consolidated Audit Opinion is Qualified
Fedders Holding Limited released its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The company's standalone financial statements received an unmodified opinion from its statutory auditors. However, the consolidated audit report included a qualified opinion concerning specific matters within its subsidiaries.The results were approved by the Board of Directors during a meeting held on May 29, 2026.
Consolidated Financial Performance and Audit Qualification
The consolidated financial statements for the year ended March 31, 2026, reflect a Total Income of 43,750.07, with Total Expenditure reported at 35,891.61. This resulted in a Net Profit/(Loss) Before Exceptional Income of 7,858.46.The audit report on the consolidated financial results provided a qualified opinion due to several issues identified within subsidiaries. The qualification concerns matters related to:
- Unpaid transfer requirements for an Investor Education and Protection Fund amounting to Rs 47.65 lakh as of March 31, 2026.
- Lack of proper records regarding Fixed Assets owned by the company, which were taken over from the previous management, leading to depreciation being charged on estimates.
- The failure to determine or disclose the present value of certain financial liabilities (two types of preference shares) as required by Ind AS 109.
- Lack of satisfactory supporting documentation for travel and touring expense payments made via credit card, preventing quantification of accuracy.
- Adequate documentation regarding trade receivables amounting to Rs 47.66 crore being written off in a previous year, which contributed to other income.
The impact of the audit qualification on financial results was summarized as follows:
| Financial Metric | Audited Figures (as reported before adjusting for qualifications) | Adjusted Figures (after adjusting for qualifications) |
|---|---|---|
| Turnover / Total Income | 43,750.07 | 43,750.07 |
| Total Expenditure | 35,891.61 | 35,891.61 |
| Net Profit/(Loss) Before Exceptional Income | 7,858.46 | 7,858.46 |
Subsidiary Updates and Standalone Audit Status
The company's standalone financial results received an unmodified opinion from M/s O. Aggarwal & Co., Chartered Accountants.Regarding the subsidiaries, the audit reports provided these details:
- Fedders Electric and Engineering Limited: The subsidiary reported total assets of Rs 81984.04 lakhs and a Net Profit after Tax of Rs 9415.36 lakhs for the year ended March 31, 2026. An emphasis of matter noted that the company had completed the delisting process from NSE and BSE in February 2026 following approval by the NCLT Allahabad Bench.
- IM+ Investments & Capital Private Limited: This subsidiary recorded a Net Loss after Tax of Rs 227.59 lakhs, with total assets of Rs 913.05 lakhs for the year ended March 31, 2026.
The results were reviewed and approved by the Audit Committee and the Board of Directors on May 29, 2026.
FEDDERSHOL Stock Price Movement
As of 12:50 PM, shares of Fedders Holding Limited are slipping by 0.49% in live trading, currently standing at ₹34.47. The stock has traded a total of 33,807 shares today as the company moves through the market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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