Whirlpool of India Approves Q3 Results, Appoints Anil Berera as Independent Director, Acquires Stake in Subsidiary
Whirlpool of India's Board approved Q3 FY26 results. Mr. Anil Berera appointed Independent Director from March 1, 2026, to November 30, 2029. The company will acquire an additional 3.18% stake in its subsidiary, Elica PB Whirlpool Kitchen Appliances Private Limited, for approximately ₹59 crore, to achieve 100% ownership by March 2026.
The appointment of a new director and the increase in stake in a subsidiary are important strategic moves, but their immediate financial impact is not substantial enough to be considered 'HIGH'.
The appointment of a new independent director and the acquisition of full control over a subsidiary are positive developments for the company's governance and strategic growth.
Whirlpool of India Limited announced the outcome of its Board Meeting held on February 6, 2026. The Board approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter and nine months ended December 31, 2025. The results, along with the Limited Review Report from S.R. Batliboi & Co. LLP, will be published in Financial Express and Loksatta by February 8, 2026, and will also be available on the websites of the BSE, NSE, and the company.
In a significant move, the Board approved the appointment of Mr. Anil Berera (DIN: 00306485) as an Independent Director, effective March 1, 2026, until November 30, 2029, subject to shareholder approval. Mr. Berera, a seasoned finance professional with over 40 years of experience, is a member of ICAI and holds a Bachelor's Degree in Commerce from Delhi University. He has previously been associated with companies like PriceWaterHouseCoopers, Gillette, and Becton Dickinson, and currently serves as an Independent Director for Infresh Food Limited and Moneyview Limited. The appointment is not considered a related party transaction, and Mr. Berera is not debarred from holding directorships.
Furthermore, the Board accorded its approval for the acquisition of an additional 3.18% of the issued and paid-up share capital of its subsidiary, Elica PB Whirlpool Kitchen Appliances Private Limited. This acquisition, with an indicative closing by March 2026 and a cash consideration of approximately ₹59 crore, will result in Whirlpool of India holding 100% of the subsidiary. The subsidiary, involved in the manufacturing and distribution of kitchen appliances, had a turnover of ₹499 crore as of March 31, 2025. This investment is aligned with the company's long-term growth outlook in the cooking and built-in appliance business.
The Board Meeting commenced at 10:30 AM and concluded at 04:30 PM.
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