Whirlpool of India Limited — Important, 28-03-2025: General Updates

Whirlpool of India Limited has disclosed updates regarding ongoing litigation primarily concerning income tax matters. The company successfully defended against a Supreme Court challenge over disallowed advertisement expenses totaling ₹1,181 crore related to assessment years 2008–09 to 2020–21. Although the company awaits further proceedings on remaining disallowed amounts, it faces a revised disputed tax exposure of approximately ₹72.11 crore for other transfer pricing issues. Additionally, a rectification order has minimized certain previously contested non-transfer pricing tax disallowances to ₹0.02 crore for AY 2020-21. This development may enhance investor sentiment by highlighting the company's robust legal position and potential for reduced financial liabilities.