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Power Of Stocks

29th Mar · SEBI-Registered Analyst

Whirlpool India's Postal Ballot Fails: Anil Berera Re-designation Rejected

WHIRLPOOL
Whirlpool of India Limited's postal ballot seeking approval for Mr. Anil Berera's re-designation as Non-Executive Independent Director failed to secure the requisite majority. Despite receiving 62.25% votes in favor from 103,669,585 votes polled, the special resolution did not meet the threshold requirements. The voting pattern showed strong institutional opposition with 73.55% of public institutions voting against the proposal, while promoter group voted 100% in favor. Mr. Berera continues as Non-Executive Non-Independent Director.

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