Whirlpool of India Limited has announced a key senior management appointment, naming Mr. Ankur Jolly as Head-Legal effective January 05, 2026. The appointment represents a strategic addition to the company's leadership team as it continues to strengthen its legal and compliance capabilities.

Board Approval and Regulatory Compliance

The appointment was formally approved by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee. The board meeting, which addressed this appointment, commenced at 01:25 PM and concluded at 01:50 PM on January 02, 2026.

The company has disclosed this appointment in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders and regulatory authorities.

Appointment Details

Professional Background and Expertise

Mr. Jolly brings substantial experience to his new role, with more than 25 years of expertise across multiple legal and regulatory domains. His professional background encompasses:

• Litigation and regulatory matters
• Corporate governance
• Intellectual property rights
• Contract management
• Compliance matters

As a seasoned professional with multi-jurisdictional experience, Mr. Jolly's core expertise lies in bringing in-depth knowledge and building networks to manage risk, compliance, and corporate governance. His approach involves proactively identifying gaps, devising strategies, and protecting business interests and management.

Educational Qualifications

Mr. Jolly's educational credentials reflect his specialized expertise in legal and corporate matters:

Previous Professional Experience

Throughout his career, Mr. Jolly has worked with several prominent organizations across various industries, including:

• AB InBev
• Bacardi
• Oracle
• Diageo
• Danone
• Max Healthcare

This diverse industry experience positions him well to handle the complex legal and regulatory challenges in the consumer durables sector.

Strategic Significance

The appointment of Mr. Jolly as Head-Legal underscores Whirlpool of India's commitment to strengthening its legal and compliance framework. His extensive experience in corporate governance and regulatory matters will be valuable as the company navigates the evolving regulatory landscape in the Indian market.

With his proven track record in risk management and compliance across multiple jurisdictions and industries, Mr. Jolly is expected to contribute significantly to the company's legal strategy and governance practices.

Whirlpool of India Limited has successfully obtained shareholder approval for a significant amendment to its Articles of Association (AoA) through a postal ballot. The special resolution to alter the company's AoA was passed with an overwhelming 99.995% of votes in favor.

Key Highlights of the Approved Changes

• Deletion of Articles: The company has removed Articles 4, 4A, and 108A from its AoA.
• Removal of Existing Provisions: The amendment eliminates provisions related to Financial and Technical Collaboration Agreements with Whirlpool and trademark usage conditions.
• ICICI Nominee Director: Provisions regarding ICICI nominee directors have also been removed.

Rationale Behind the Amendments

The approved deletions are strategically aligned with changes in Whirlpool's shareholding structure and aim to ensure business continuity. The amendments reflect the company's evolving relationship with its parent company and the modernization of its governance structure.

Articles Deleted

1. Article 4: Pertained to Financial and Technical Collaboration Agreements with Whirlpool Corporation.
2. Article 4A: Concerned the use of the "Whirlpool" trade name and conditions for its withdrawal.
3. Article 108A: Related to the appointment of nominee directors by ICICI Bank, now redundant due to repayment of borrowings.

Impact on Shareholders

The approval of these amendments suggests a potential change in Whirlpool Corporation's relationship with its Indian subsidiary. However, the company has previously executed new Brand Licence and Technology Licence Agreements with Whirlpool Corporation and its affiliates, which are designed to maintain business continuity and support from the parent company, regardless of potential ownership changes.

Significance of the Amendment

This amendment marks a significant step in Whirlpool India's corporate evolution. By removing outdated provisions and aligning its AoA with current operational realities, the company is positioning itself for greater flexibility and efficiency in its operations.

Investors and stakeholders should view this development as part of Whirlpool India's ongoing efforts to optimize its corporate structure and governance practices. The overwhelming shareholder support for the amendment indicates strong alignment between the company's strategic direction and shareholder interests.

As Whirlpool of India Limited continues to adapt to changing market dynamics and corporate relationships, shareholders and potential investors should stay informed about further developments that may impact the company's operations and market position.