Submission of Consolidated Scrutinizer Report in respect of 1st Extra-Ordinary General Meeting of the Company for the F.Y. 2025-26 held on April 29, 2025 through Video Conferencing.
Awaiting price reaction for this filing.
White Organic Retail Limited held its 1st Extra-Ordinary General Meeting for FY 2025-26 on April 29, 2025 via video conferencing, and the consolidated scrutinizer report has now been submitted to BSE. Three special resolutions were put to vote and all three passed with overwhelming majority (99.9999% in favor on each). Resolution 1 seeks approval for a change in the company's name. Resolution 2 approves the issuance of 4 crore (4,00,00,000) equity shares of Rs. 10 each on a preferential basis, which is a significant potential dilution for existing shareholders. Resolution 3 approves the issue and allotment of equity shares on a preferential basis for the acquisition of Seven Billion Breaths Private Limited (owner of the Diva Yoga business) through a cashless share swap. A total of 13,270 shareholders were on the rolls as of the cut-off date, with the record date set as April 21, 2025.
Shareholders should note three major actions now approved: a name change for the company, a large preferential share issuance of 4 crore shares (potential dilution), and a share-swap acquisition of the Diva Yoga business (Seven Billion Breaths Pvt Ltd). These could meaningfully reshape the company's identity, capital structure, and business profile going forward.