NSERumour Verification - Regulation 30(11)1d ago · 24 Sept 2026, 07:47 am
Rumour Verification - Regulation 30(11)
Whirlpool of India Limited · WHIRLPOOL
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Whirlpool of India Limited clarifies that a news article about its promoter selling its entire stake is false and that the company is not a party to any negotiations or discussions regarding the sale.
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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment6/10
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Whirlpool of India Limited has informed the Exchange about Rumour Verification - Regulation 30(11)
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September 24, 2026
The Manager The Manager
Listing Department Listing Department
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G,
Dalal Street, Mumbai, Bandra Kurla Complex, Bandra East,
Maharashtra - 400001 Mumbai, Maharashtra – 400051
Scrip Code: 500238 Symbol: WHIRLPOOL
Dear Sir/Madam,
Subject: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 - Clarification/Confirmation on news
item appearing in “https://www.moneycontrol.com”
This is in reference to the recent news item which appeared in “https://www.moneycontrol.com” dated
September 23, 2026 captioned “Whirlpool of India promoter set to sell entire stake, reports CNBC-
Awaaz; shares surge 17%” and the increase in the scrip price of Whirlpool of India Limited (“Company”)
by 20% on September 23, 2026 moving from Rs. 721.15 to Rs. 865.35, and the clarification sought by BSE
Limited and National Stock Exchange of India Limited on the same. In this regard, the Company submits
the following clarifications:
1) Whether such negotiations/events were taking place?
The Company clarifies that the said news article relates to its promoter company and not to
Whirlpool of India Limited. The intent of Whirlpool Corporation to reduce its shareholding in the
Company has been in the public domain since January 30, 2025. However, the Company has not
been a party to any negotiations that Whirlpool Corporation may have been having with potential
buyers. Subsequent to this, the Company took steps to amend various intercompany arrangements in
the interest of the Company, which was disclosed to the stock exchanges on October 16, 2025. Since
then, the Company has been receiving information from Whirlpool Corporation regarding its
disclosed intent to reduce its shareholding in the Company, including the sale of approximately 11%
of its shareholding in 2025 (as disclosed to the stock exchanges on November 28, 2025). Please note
that, the Company is not a party to any such discussions or negotiations of Whirlpool Corporation
with potential buyer(s) for any further stake sale by Whirlpool Corporation. Accordingly, the
Company is not aware whether such further discussions relate to the entire shareholding or a part
thereof, nor of the terms, price, or stage at which the negotiations may be.
As a result of this uncertainty, the Company has, bona fide, not intimated the stock exchanges so as
not to create any unwarranted expectations or false market. In this regard, the most recent
communication dated September 22, 2026, from Whirlpool Corporation (on behalf of Whirlpool
Mauritius, the promoter of the Company), addressed to the Board of Directors of the Company after
office hours at 7:17 PM IST, informed the Company of the continued intent of Whirlpool Mauritius
to sell its shares in the Company to a third party as part of a control transaction, and that such
proposed sale is currently being explored with more than one potential counterparty. The Company
reiterates that it is not a party to any such proposed transaction or any negotiations/events regarding
decisions of its promoter company on their shareholding in the Company.
2) Whether the Company is aware of any information that has not been announced to the
Exchanges which could explain the movement in the trading?
Company is aware that pursuant to Regulation 30 of the Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”), the
Company is required to intimate to the stock exchanges all the events, information, etc., as required
under the LODR Regulations. In accordance with the same, the Company has promptly intimated
the stock exchanges about such events, information etc., from time to time.
Accordingly, other than the information disclosed in the response to query (1) above, the Company
is unable to comment on what may be driving the movement in the price of its scrip.
3) The material impact of this article on the Company.
The Company does not believe that there is any material impact of this article on the Company.
4) In case of regulatory/legal proceedings, please provide the information on initiation/outcome
of the proceedings.
The Company is not aware of any regulatory/legal proceedings in this regard.
You are requested to kindly take note of the above.
Yours faithfully,
For Whirlpool of India Limited
Sweta Srivastava
Company Secretary and Compliance Officer
Plot No.40, Sector-44,
Gurugram, Haryana