RBC Capital lowers Whirlpool price target to $30

0 min read Updated on 16 Jun 2026, 08:31 PM

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Radhika SScanX News Team

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RBC Capital analyst Mike Dahl maintained an Underperform rating on Whirlpool and lowered the price target to $30 from $32.

*this image is generated using AI for illustrative purposes only.

RBC Capital analyst Mike Dahl maintained an Underperform rating on Whirlpool and lowered the price target to $30 from $32.

The adjustment reflects a revised outlook on the stock's performance potential.

Historical Stock Returns for Whirlpool

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.31%	-2.09%	-2.70%	-12.11%	-42.89%	-63.91%

What specific factors led to the revised outlook on Whirlpool's performance potential?

How might Whirlpool's competitors respond to this downgrade in the near term?

What are the potential risks or opportunities for Whirlpool in the current economic environment?

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Whirlpool shareholders approve Arvind Uppal's re-designation as director

1 min read Updated on 16 Jun 2026, 02:29 AM

Reviewed by

Riya DScanX News Team

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Whirlpool of India Limited announced the re-designation of Arvind Uppal as a Non-Executive Non-Independent Director, effective May 06, 2026, following shareholder approval through a postal ballot. The resolution received 99.14% approval, with 104,128,081 votes cast in favour out of 105,029,905 total votes polled. M/s Akash Gupta & Associates oversaw the e-voting process, which was conducted from May 14 to June 12, 2026, in compliance with regulatory requirements.

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Whirlpool of India Limited has re-designated Arvind Uppal as a Non-Executive Non-Independent Director, effective May 06, 2026, following approval by shareholders through a postal ballot. The ordinary resolution sought consent for Mr. Uppal's new role on the Board, where he remains liable to retire by rotation. The outcome was communicated to the stock exchanges on June 15, 2026.

The voting process, conducted via remote e-voting from May 14 to June 12, 2026, saw the resolution pass with a strong majority. A total of 105,029,905 votes were polled, with 99.14% cast in favour and 0.86% against. The re-designation was backed by the Promoter and Promoter Group, which cast 50,449,633 votes entirely in favour of the motion.

Voting Results Summary

Category	Votes For	Votes Against	% For	% Against
Promoter and Promoter Group	50,449,633	0	100.00	0.00
Public - Institutions	52,236,444	889,423	98.33	1.67
Public - Non Institutions	1,442,004	12,401	99.15	0.85
Total	104,128,081	901,824	99.14	0.86

M/s Akash Gupta & Associates, Company Secretaries, served as the Scrutinizer for the postal ballot process. The firm verified that the remote e-voting was conducted fairly and transparently in accordance with the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Cut-off date for determining voting entitlements was May 08, 2026.

The notice for the postal ballot was dispatched electronically to members on May 12, 2026. Public notices were also published in the Financial Express and Loksatta on May 13, 2026, to inform shareholders about the voting schedule. The detailed voting results and the Scrutinizer's report have been made available on the company's website.

Historical Stock Returns for Whirlpool