Whirlpool India Clarifies Promoter Stake Sale Amid 20% Surge

September 23, 2026 (regarding news item and price movement)

The company responded to a news article from Moneycontrol dated September 23, 2026 titled "Whirlpool of India promoter set to sell entire stake, reports CNBC-Awaaz; shares surge 17%"
The stock price increased by 20% on September 23, 2026, moving from ₹721.15 to ₹865.35
The news article relates to promoter company Whirlpool Corporation, not Whirlpool of India Limited
Whirlpool Corporation's intent to reduce shareholding has been public since January 30, 2025
The company is not party to any negotiations between Whirlpool Corporation and potential buyers
The company amended various intercompany arrangements disclosed to exchanges on October 16, 2025
Whirlpool Corporation previously sold approximately 11% of its shareholding in 2025 (disclosed November 28, 2025)
The company is unaware whether further discussions relate to entire or partial shareholding, or terms/price/stage of negotiations
The company received communication from Whirlpool Corporation (on behalf of Whirlpool Mauritius) on September 22, 2026 at 7:17 PM IST
The communication confirmed continued intent of Whirlpool Mauritius to sell shares to a third party as part of a control transaction
The proposed sale is currently being explored with more than one potential counterparty
The company believes it has complied with all disclosure requirements under SEBI LODR Regulations
The company states no material impact from the news article on the company
The company is not aware of any regulatory/legal proceedings in this regard