Whirlpool of India Limited shareholders approved a ₹5 final dividend per equity share for FY26 at its 65th annual general meeting held on September 9, 2026. The Whirlpool of India Limited also saw its ordinary resolutions pass with overwhelming support, including the adoption of standalone and consolidated financial statements.

The meeting was conducted via video conferencing and other audio-visual means. Shareholders holding shares as of September 2, 2026, were eligible to vote. A total of 100,377,230 votes were polled across all resolutions, representing approximately 79.12% of the outstanding shares.

Voting Results Overview

All five resolutions placed before the members were passed. The promoter group voted in favor of all resolutions, casting 50,449,633 votes each time. Institutional investors also showed strong support, with participation rates exceeding 85% for most agenda items.

Director Reappointment

The reappointment of Mr. Anil Berera (DIN: 00306485), who retires by rotation, received 93.55% support from the votes polled. While the promoter group and non-institutional public shareholders voted unanimously in favor, institutional investors cast 6,471,270 votes against the resolution, representing roughly 13% of their total polled votes.

Scrutinizer Report

Akash Gupta & Associates served as the scrutinizer for the e-voting process. The remote e-voting window was open from September 5, 2026, to September 8, 2026. The votes were unblocked and counted on September 9, 2026, in the presence of independent witnesses. The company secretary confirmed that all statutory requirements under the Companies Act, 2013, and SEBI LODR regulations were met.

Shareholders of Whirlpool of India approved the company’s Employees Stock Option Plan (ESOP) for 2026 and appointed Aditya Jain as Executive Director through a postal ballot process. The voting concluded on August 24, 2026, with all proposed ordinary and special resolutions passing with requisite majorities.

The approvals pave the way for equity-based employee incentives and leadership continuity within the consumer durables firm.

Voting Outcomes

The postal ballot, conducted via remote e-voting from July 23 to August 21, 2026, saw significant participation. As on the record date of July 17, 2026, the company had 133,881 shareholders. The total shares held stood at 126,871,830.

Promoter and promoter group shareholders held 50,449,633 shares, representing approximately 39.8% of the total equity. They voted in favor of all resolutions with 100% support. Public institutional shareholders held 58,787,922 shares, while public non-institutional shareholders held 17,634,275 shares.

Key Resolutions Passed

Four special resolutions related to the ESOP framework were approved:

• Approval of the Whirlpool of India Employees Stock Option Plan 2026 through the trust route.
• Grant of employee stock options to eligible employees of subsidiaries under the same plan.
• Establishment of the Whirlpool of India ESOP Trust to acquire equity shares through secondary markets.
• Granting of funds by the company to the Employees Welfare Trust of Whirlpool of India (ESOP Trust).

Additionally, two ordinary resolutions were passed regarding the appointment of Mr. Aditya Jain (DIN: 09752995):

• Appointment as Director of the company.
• Appointment as Executive Director of the company.

His appointment is effective from July 21, 2026.

Shareholder Support Details

The voting results indicate strong backing from both promoter and non-promoter stakeholders. For the ESOP-related special resolutions, votes in favor ranged between 88.35% and 88.37% of the total votes polled. Votes against constituted approximately 11.6% to 11.65%.

For the appointment of Aditya Jain, support was higher. The resolution to appoint him as Director received 93.65% affirmative votes, while the resolution for his role as Executive Director secured 93.52% approval. In both cases, votes against were below 6.5%.

Public institutional shareholders showed varied support levels across resolutions. For instance, in the ESOP trust acquisition resolution, 76.43% of institutional votes polled were in favor, whereas 23.57% were against. Non-institutional public shareholders demonstrated near-unanimous support for most resolutions, with approval rates exceeding 97% in several cases.

What the Numbers Show

The divergence in voting behavior between institutional and non-institutional public shareholders warrants attention. While non-institutional investors backed all resolutions with over 97% support, institutional investors opposed roughly 23.5% of the ESOP-related special resolutions. This suggests that while retail shareholders broadly endorse the management’s compensation and succession strategy, larger institutional blocks exercised more caution regarding the dilution potential or funding structure of the new ESOP plan. Promoter support remained absolute at 100% across all agenda items.

Regulatory Compliance

The postal ballot process was scrutinized by M/s Akash Gupta & Associates, practicing company secretaries. The remote e-voting system was provided by National Securities Depository Limited (NSDL). The results comply with Section 108 and 110 of the Companies Act, 2013, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Votes cast by one related party holding 3,400 equity shares were excluded from the computation for Aditya Jain’s appointment resolutions, as per regulatory guidelines.