Stakeholder are requested to take on record Annual Secretarial Comliance report for the financial year ended 31st March 2025 pursunat to Regulation 24A of SEBI LODR 2015.
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White Organic Agro Ltd has submitted its Annual Secretarial Compliance Report for the financial year ended 31 March 2025, as required under SEBI Regulation 24A. The Practicing Company Secretary Rachana Maru Furia reviewed the company's compliance and noted three minor observations: delayed intimation to the stock exchange regarding loss of share certificates and duplicate issuance under Regulation 39(3); a temporary Audit Committee quorum shortfall after Independent Director Dharmesh Bhanushali resigned in June 2024 before his term ended, with Mr. Pritesh Doshi appointed as replacement; and a one-day delay in publishing Q2 FY25 financial results in the newspaper. All other areas, including Secretarial Standards, policies, website disclosures, director disqualification, related party transactions, and insider trading compliance, were confirmed as compliant. A separate ongoing SEBI matter from May 2024 (interim order cum show cause notice under PFUTP and LODR Regulations) remains unresolved; the company filed a Common Settlement Application on 1 July 2024, and while 5 of 17 notices received favorable settlement orders, proceedings for the remaining 12, including White Organic Agro, are still pending.
No monetary fines were imposed for the minor compliance delays noted. However, investors should note the pending SEBI settlement proceedings against the company, which remain unresolved and could carry future regulatory risk. The filing is largely a routine compliance disclosure with no immediate material impact on shareholders.