Stakeholders are hereby informed that the 35th Annual Report of the Company for the Financial Year 2024-25 is enclosed herewith.
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White Organic Agro Limited has submitted its 35th Annual Report for FY 2024-25 along with the notice of the AGM, scheduled for Friday, 26th September 2025 at 11:00 AM via video conferencing. Revenue from operations fell sharply to Rs. 19.63 crore from Rs. 33.45 crore in the previous year, a drop of about 41%. Despite the revenue decline, profitability improved with EBITDA rising to Rs. 2.31 crore (from Rs. 1.70 crore) and profit after tax climbing to Rs. 1.73 crore (from Rs. 1.17 crore), helped by higher other income of Rs. 4.74 crore. The AGM will consider adoption of financial statements, re-appointment of Mr. Prashantt Rupani as Non-Executive Director, appointment of Ms. Bhavika Thakkar as Independent Women Director for 5 years, and appointment of a new Secretarial Auditor for FY 2025-26 to FY 2029-30. E-voting will be open from 23rd to 25th September 2025 with cut-off date of 19th September 2025.
Mixed signals for shareholders: top-line shrank significantly but margins and bottom-line grew, suggesting better cost discipline or a shift in business mix. The AGM agenda includes governance changes (new independent director and secretarial auditor) but no dividend, fundraising, or major strategic announcement was mentioned in the report.