White Organic Retail Ltd Plans Historic Equity Share Issuance

White Organic Retail Ltd will soon make a substantial entry into the market. On March 4, 2025, White Organic Retail Ltd's Board of Directors is due to sit down and approve/consider issuance of a maximum of 4.9 crore equity shares on a preferential basis. This follows the company's cancellation of an earlier resolution for a rights issue approved in December 2024. The board will also consider the closure of dormant bank accounts and possible sale or strike-off of its dormant subsidiary, White Organic Snacks Limited. This strategic step could have a major impact on the company's capital structure and future growth potential.
Source: BSE Announcements, BlinkX