Whirlpool of India's shares dropped over 4 per cent on Tuesday after its Managing Director Sunil D'Souza resigned from the company.
The firm's scrip tanked 4.19 per cent to close at Rs 2,159.65 on the BSE. During the trade, it plunged 5.84 per cent to Rs 2,122.25.
On the National Stock Exchange (NSE), it went lower by 4.34 per cent to close at Rs 2,155.
D'Souza has resigned from the company and would be replaced by Vishal Bhola, the consumer durables maker had said on Monday.
The company's board in a meeting on Monday accepted the "resignation of Sunil D'Souza, Managing Director of the company who has decided to pursue interests outside of the company", Whirlpool of India said in a regulatory filing.
D'Souza's resignation will be effective from April 3, 2020, it added.