Whirlpool of India Limited's board of directors has approved the formulation and implementation of a new employee stock option plan during their meeting held on March 23, 2026. The board meeting, which commenced at 09:20 AM and concluded at 09:32 AM, considered and approved the ESOP 2026 on the recommendation of the nomination and remuneration committee.

ESOP 2026 Key Features

The Employee Stock Option Plan 2026 has been designed to grant stock options to eligible employees with specific parameters and compliance requirements.

Pricing and Exercise Terms

The ESOP 2026 incorporates specific pricing mechanisms and exercise conditions for option holders. The exercise price for the options shall not be less than the face value of company shares and shall not exceed the prevailing fair market value on the grant date. Each option, once vested and exercised, will entitle the eligible employee to apply for one equity share of the company.

The vested options shall be exercisable upon payment of exercise price and applicable taxes according to the terms and conditions set forth under the ESOP 2026. The nomination and remuneration committee will have the authority to determine exercise prices subject to compliance with accounting policies under SEBI regulations.

Regulatory Compliance and Approval Process

The ESOP 2026 has been prepared in full compliance with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, along with all related circulars and notifications. The plan will involve secondary acquisition of shares by the ESOP Trust within statutory limits prescribed under SEBI regulations.

Administrative Structure

The nomination and remuneration committee will be empowered to establish, amend, and rescind rules relating to the ESOP 2026 in compliance with applicable laws. The committee's powers include:

• Identifying eligible employees
• Determining quantum of options to be granted
• Fixing grant dates, exercise periods, and exercise dates
• Prescribing terms and conditions including exercise price modifications
• Setting lock-in restrictions and other conditions

Next Steps

The board has approved seeking member approval for the ESOP 2026 through postal ballot in accordance with the Companies Act, 2013, listing regulations, and various circulars issued by the Ministry of Corporate Affairs. The implementation of the plan remains subject to obtaining the necessary approvals from company members through this postal ballot process.

Whirlpool of India Limited has announced the opening of a special window facility for shareholders to re-lodge transfer requests of physical shares, following SEBI's latest regulatory directive. The company published a newspaper advertisement on March 13, 2026, informing stakeholders about this extended facility for physical share transfers.

Special Window Details

The special window will remain operational for one year, providing shareholders with an extended timeframe to complete their transfer requirements. This facility addresses transfer deeds that were previously lodged but faced processing issues.

Eligibility and Requirements

This facility is specifically available for transfer deeds that were lodged prior to April 01, 2019, but were rejected, returned, or not processed due to document deficiencies or procedural issues. All transfer requests that are duly rectified and re-lodged during this period will be processed exclusively through the transfer-cum-demat mode, meaning shares will be issued only in dematerialised form after transfer.

Shareholders utilizing this facility must maintain a demat account and provide the Client Master List along with transfer documents, share certificates, and other necessary documentation when lodging their requests with the company's Registrar and Share Transfer Agent.

Regulatory Compliance

Whirlpool of India Limited published this notice in compliance with Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The advertisement appeared in Financial Express (All Editions) and Loksatta (Pune Edition), with Company Secretary and Compliance Officer Sweta Srivastava signing the official communication.

The company has designated MUFG Intime India Private Limited (formerly Link Intime India Private Limited) as its Registrar and Share Transfer Agent for processing these requests. Eligible shareholders can contact the RTA at Noble Heights, 1st Floor, Plot, NH 2, C-1 Block LSC, Near Savitri Market, Janakpuri, New Delhi - 110058, or reach out to the company directly at investor_contact@whirlpool.in for assistance.