The Board of Directors of Fedders Holding Limited, subject to shareholder's approval, have taken note of the acquisition of land measuring around 60 Acre in Odisha for the purpose of setting up of Iron Ore Beneficiation Plant having capacity of 1.5 MT per annum by its subsidiary company namely M/s. Fedders Electric and Engineering Limited, at its Board Meeting held on July 8, 2024. The project shall be operational by March, 2025.