Whirlpool of India Ltd. Approves Employee Stock Option Plan 2026
Gurugram, India – March 23, 2026 – Whirlpool of India Limited announced today that its Board of Directors has approved the formulation, adoption, and implementation of the Whirlpool of India Employee Stock Option Plan 2026 (ESOP 2026).The ESOP 2026 will allow the granting of options up to 2% of the company’s total paid-up capital as of March 31, 2025, in one or more tranches. The plan is in compliance with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Shareholders will be sought to approve the ESOP 2026 through a postal ballot in accordance with the Companies Act, 2013 and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
According to the details released, the exercise price for options will not be less than the face value of the company's shares and will not exceed the prevailing fair market value as of the grant date. Each option, once vested, will entitle the employee to apply for one share of the company. The ESOP 2026 will be administered through an employees' welfare trust, and the Nomination and Remuneration Committee will delegate the administration of the plan.
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