Fedders Holding Limited has announced a major milestone for its material subsidiary. The company has completed its premium commercial real estate project in Noida, Uttar Pradesh. This update was given to BSE Limited on September 19, 2026.
Fedders Holding Limited Completes 3 Lakh Sq Ft Commercial Project in Noida
Official Announcement Details
The company filed this under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The scrip code is 511628 on BSE. The letter is dated September 19, 2026, and signed by Sakshi Goel, Company Secretary and Compliance Officer.
Fedders Holding Limited was formerly known as IM+ Capitals Limited. Its CIN is L74140UP1991PLC201030. The registered office is at C-15, RDC, Raj Nagar, Ghaziabad, Uttar Pradesh.
Which Subsidiary Completed the Project?
Material Subsidiary Details
The material subsidiary that completed the project is M/s Fedders Electric and Engineering Limited. This is an important subsidiary of Fedders Holding Limited. The company informed exchanges that the subsidiary has successfully completed the construction of its premium commercial real estate project located in Noida.
Key Highlights of Noida Commercial Project
Total Area and Location
The total developable and leasable area is approximately 3,00,000 Sq. Ft. That is 3 lakh square feet. The location is Noida, Uttar Pradesh, which is a prime commercial hub near Delhi NCR. Noida is one of the fastest growing commercial real estate markets in India.
Current Status of Project
The status is construction fully completed and ready for commercial leasing and rental operations. It means the building is ready and company can now start giving spaces on rent to companies, offices and retail businesses.
How Will This Benefit Fedders Holding Limited?
Boost in Recurring Rental Revenue
The company said this milestone is expected to significantly enhance the operational footprint and strengthen its recurring rental revenue stream moving forward. Commercial leasing gives regular monthly rental income, unlike one-time sale.
3 lakh sq ft commercial space in Noida can generate strong rental income for many years. This will improve cash flow and financial stability of the subsidiary and holding company.
What is Material Subsidiary?
Material subsidiary means a subsidiary which contributes significant income or net worth to the parent company. As per SEBI rules, such subsidiary is important and any major event must be informed to stock exchanges. That is why Fedders Holding informed BSE about completion of project by its material subsidiary.
About Fedders Holding Limited
Formerly IM+ Capitals
Fedders Holding Limited was earlier known as IM+ Capitals Limited. It is a holding company with interest in electric and engineering business through its subsidiary Fedders Electric and Engineering Limited. The company is listed on BSE with scrip code 511628.
Importance of Noida Real Estate Market
Why Noida is Prime Location?
Noida is part of NCR and is a major hub for IT companies, offices, and commercial spaces. Demand for premium commercial space in Noida is very high due to connectivity to Delhi, good infrastructure and growing business. A 3 lakh sq ft ready-to-lease project in Noida can attract big corporate tenants.
Simple Summary for Readers
Key Points in Simple Words
In simple words, Fedders Holding Limited, BSE code 511628, informed on September 19, 2026, that its material subsidiary Fedders Electric and Engineering Limited has completed construction of a premium commercial project in Noida, UP. The project size is 3,00,000 square feet. Now it is ready for commercial leasing and rental operations. This will help company to earn regular rental income and expand its business footprint. Company requested BSE to take information on record and disseminate on website for investors and public.