FEDDERS HOLDING LIMITED — M&A Activity 2020

Sep 7, 2020

==> picture [425 x 97] intentionally omitted <==

07 September 2020

BSE Limited Compliance Department, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 Maharashtra, India

Stock Code: 511628

Subject: Recommendation of the Committee of Independent Directors (hereinafter referred to as “IDC”) on the Open Offer to the Equity Shareholders of IM+ Capitals Limited (“Target Company”) for the acquisition of 9,10,415 Equity Shares of the Target Company (“Open Offer”).

Dear Sirs,

We are pleased to submit following documents related to the captioned Open Offer:

With respect to the captioned matter and in accordance with the Regulation 26(7) of the SEBI SAST Regulations, the Committee of Independent Directors of the Company (“IDC”), has provided its written recommendation in relation to the Open Offer, in the prescribed format. The said recommendation has been published on 07 September 2020 in the following newspapers:

• I. Financial Express, English national daily, all editions;

• II. Jansatta, Hindi national daily, all editions; and

• III. Mumbai Lakshdeep, Marathi daily, Mumbai edition.

We are sending a copy of the recommendation of the IDC published in the above mentioned newspaper publications to BSE Limited, Securities and Exchange Board of India and Khambatta Securities Limited (the Manager to the Open Offer) as required under the SEBI SAST Regulations.

This is also made available on the Company’s website www.imcapitals.com.

Kindly take this on record and acknowledge receipt of this intimation.

Thanking You,

Yours faithfully

==> picture [164 x 101] intentionally omitted <==

==> picture [425 x 68] intentionally omitted <==

==> picture [341 x 823] intentionally omitted <==