Whirlpool of India Limited — Others, 22-11-2024: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Whirlpool of India has reported a significant legal victory, with the Supreme Court dismissing a Special Leave Petition from the Income Tax Department related to disallowed expenses for Advertising, Marketing, and Sales Promotion (AMP) incurred between 2008-09 and 2020-21. This ruling backs the previous decision by the Delhi High Court, favoring the company in ongoing litigation. While the total disputed amount has been revised to ₹106.19 crore due to additional disallowances, the dismissal of the SLP is seen as a positive development, potentially improving investor sentiment and minimizing tax-related risks in the future.