WHIRLPOOLNSEWhirlpool of India Limited· Consumer DurablesMediumNeutral
Announced Wed, 6 May · 22:00 IST

Whirlpool of India Limited has informed the Exchange regarding Change in Director(s) of the company.

Management Changes View source PDF

WHIRLPOOL · price

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Price reaction · full curve 14 horizons · vs prior close
-1.5%1-day move
₹969.40
prior close
₹971.00
base price
After-mkt
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-0.3+0.2+0.3+0.5-1.5-6.1-10.8-13.2-11.4-12.3-14.8-19.7-17.5
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AI summary

Whirlpool of India's Board has approved the re-designation of Mr. Arvind Uppal from his previous role to a Non-Executive Non-Independent Director, effective 6 May 2026, pending shareholder approval. Uppal, who has been on the board since 2005, holds an engineering degree from IIT Delhi and an MBA from FMS Delhi, with over 36 years of experience across Nestle, Whirlpool and other companies. The Board has also reconstituted its Audit Committee, Nomination and Remuneration Committee, and Risk Management Committee to reflect this change, with Uppal added to the latter two committees. No inter-se relationships between directors were disclosed, and Uppal is not debarred from holding the director position.

Likely market impact

The re-designation shifts Mr. Uppal's classification from independent to non-independent, which may reduce the number of independent directors on the board. This is a routine governance update with limited near-term share price impact, pending shareholder approval.