Whirlpool of India - Limited Review For The Quarter Ended June 30, 2007

Whirlpool of India Ltd has informed that in the limited review report of the Company for the quarter ended June 30, 2007, the Auditors of the Company have made the following observations:

The Company had accounted for deferred tax asset (net) at Rs 79.76 crores upto March 31 2007. The Company has not updated this valuation during the quarter. The Company is confident that subsequent realization of the deferred tax asset created till March 31, 2007 is virtually certain in the near future based on existing business model and future business plans of the Company. This basis is not in line with the requirements of Accounting Standards Interpretation 9 issued by the Institute of Chartered Accountants of India to determine virtual certainly.

Had the observation made in paragraph above been considered and consequent adjustment is made during this period, the net loss for the three months period ended June 30, 2007 would be Rs 64.84 crores as against the reported profit Rs 14.92 crores.