Stakeholders are hereby informed that the Board of Directors ("Board") of White Organic Agro Limited ("Company"), in its meeting today, viz. Wednesday, 13th August, 2025 considered and ....
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The board of White Organic Agro, at its meeting on 13 August 2025 (4:00 PM to 4:40 PM), approved the unaudited financial results for the quarter ended 30 June 2025. Revenue from operations came in at just ₹5.79 lakhs, sharply lower than ₹497.26 lakhs in the same quarter last year. However, total income stood at ₹132.83 lakhs (boosted by other income of ₹127.03 lakhs) and profit after tax rose to ₹80.65 lakhs from ₹74.64 lakhs YoY. Basic EPS for the quarter was ₹0.23. Separately, the board appointed M/s Rachana Maru Furia and Associates, Company Secretaries, as the Secretarial Auditor for a five-year term from FY 2025-26 to FY 2029-30, subject to shareholder approval at the upcoming AGM. Statutory auditors Gupta Raj & Co. issued an unmodified limited review report on the results.
The near-disappearance of core operating revenue is a significant concern even though the bottom line was propped up by other income. Shareholders should seek clarity on the sharp revenue decline and watch whether other income can sustain profitability going forward.