Summary of proceedings of 1st Extra-Ordinary General Meeting of the members of the Company for the Financial Year 2025-26.
Awaiting price reaction for this filing.
White Organic Retail Ltd held its 1st EGM for FY2025-26 on April 29, 2025 via video conferencing, chaired by Managing Director Mr. Syamdas Sivadas. Three special business items were put to vote: (1) approval for change of the company's name, (2) issuance of 4 crore (4,00,00,000) equity shares of Rs. 10 each on a preferential basis, and (3) issuance/allotment of equity shares on a preferential basis to acquire Seven Billion Breaths Private Limited (owner of the Diva Yoga business) through a cashless share swap. Remote e-voting was open from April 26 to April 28, 2025, with e-voting also available during the meeting. The meeting concluded at 2:24 PM, and voting results along with the scrutinizer's report are to be submitted to the stock exchange within two working days.
This EGM covers three potentially material actions — a possible company rebranding, significant equity dilution through a 4 crore share preferential allotment, and a strategic acquisition into the yoga/wellness segment. Shareholders should monitor the voting results closely, as approval would reshape the company's capital structure and pivot its business identity.