HIRLPOOL : Whirlpool of India Limited has informed the Exchange about ESOP Plan
WHIRLPOOL · price
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The Board of Whirlpool of India approved the ESOP 2026 plan on 23rd March 2026, allowing stock options of up to 2% of the company's paid-up capital (as on 31st March 2025) to be granted to eligible employees in one or more tranches. The plan will be administered through an employees' welfare trust (ESOP Trust) and will involve secondary acquisition of shares from the market rather than fresh issuance. The exercise price will be between the face value and the prevailing fair market value on the grant date. The plan is compliant with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021, and member approval will be sought via a postal ballot.
This is a mild employee incentive measure with a potential dilution ceiling of 2%. Since shares will be bought from the open market via the ESOP Trust rather than freshly issued, the impact on share count is limited, though it may provide some buying support. Retail investors should watch for the postal ballot outcome and any grants made under the plan.