Fedders Lloyd - Outcome Of EGM

Fedders Lloyd Corporation Ltd has informed that the members at the Extra-Ordinary General Meeting (EGM) of the Company held on February 03, 2007, have approved the following:Investments by Foreign Institutional Investors including their sub-accounts (FIIs) into the shares, or debentures or any other securities convertible into or exchangeable with the shares of the Company, by purchase or acquisition from the market under Portfolio Investment Scheme under FEMA, subject to the condition that the holding of all FIIs put together shall not exceed 74 percent of the paid-up equity share capital of the Company or paid-up value of the respective series of the convertible debentures of the Company as may be applicable or such other maximum limit as may be prescribed from time to time.