White Organic Agro Limited shareholders approved the reappointment of Darshak Rupani as Managing Director for a further term of 3 years, effective November 14, 2026. This decision was ratified during the company's 36th Annual General Meeting held on September 30, 2026.

The appointment extends Rupani's leadership, who has served as Managing Director since August 2011. He is an IT graduate from Clarendon College, Sydney, with over 18 years of experience in hospitality and retail. The reappointment was one of five resolutions voted upon at the virtual meeting.

AGM Voting Outcomes

Four of the five proposed resolutions passed with requisite majorities. The only rejection was the ordinary resolution seeking approval for material related party transactions with director Prashantt Rupani. Public shareholders voted against this specific item, while promoter group votes were excluded from the tally for that resolution due to conflict of interest rules.

Director Profile and Relationship

Darshak Rupani (DIN: 03121939) is the brother of Prashantt Rupani, the Chairman and Non-Executive Director. The disclosure confirms that Rupani is not debarred from holding office by SEBI or any other authority. His profile highlights active involvement in the administrative and financial management of the company, leveraging inherited farming expertise alongside his corporate background.

Meeting Logistics and Scrutiny

The meeting was conducted via video conferencing in compliance with Ministry of Corporate Affairs and SEBI circulars. A total of 60 members attended, including 4 promoters and 56 public shareholders, ensuring a valid quorum. The record date for eligible shareholders was September 23, 2026, with 26,160 shareholders on the register.

Rachana Maru Furia, proprietor of Rachana Maru Furia & Associates, served as the scrutinizer. Her report dated October 2, 2026, confirmed the passage of all resolutions except Item No. 5. No proxies were appointed, and no registered speakers attended the session. The board included Pritesh Doshi and Bhavika Thakkar as Non-Executive Independent Directors, with Charmi Jobalia serving as Company Secretary.

White Organic Agro has scheduled its 36th Annual General Meeting (AGM) for September 30, 2026. The meeting will be conducted via Video Conferencing or Other Audio-Visual Means, with key agenda items including the reappointment of the Managing Director and approval of related-party transactions.

The company dispatched physical letters containing web links to its FY26 Annual Report and AGM notice to shareholders who have not registered email addresses. This dispatch complies with Regulation 36(1)(b) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The letters were issued on September 5, 2026, following a cut-off date of August 28, 2026.

AGM Agenda and Resolutions

The AGM will address both ordinary and special business. Under ordinary business, shareholders will consider and adopt the Annual Audited Financial Statements for FY26. Additionally, Mr. Darshak Rupani retires by rotation and offers himself for reappointment as a Director.

Special business items include:

• Remuneration for Non-Executive Director: Approval of remuneration for Mr. Prashant Rupani, Non-Executive Director, at an amount not exceeding ₹1,00,000 per month for FY27 onwards.
• Reappointment of Managing Director: Reappointment of Mr. Darshak Rupani as Managing Director for a further term of three years, effective November 14, 2026. His proposed salary is up to ₹18,00,000 per annum plus bonus and perquisites.
• Related Party Transactions: Approval of material related-party transactions between the company and Mr. Prashant Rupani. This includes borrowing up to ₹10 crore on an interest-free, unsecured basis for working capital requirements.

Financial Performance Context

The explanatory statement provides financial performance indicators based on standalone audited financial statements for the last three years:

Revenue declined from ₹37.73 crore in FY24 to ₹17.56 crore in FY26. Net profit after tax also contracted over the same period, falling from ₹1.17 crore to ₹0.98 crore.

E-voting and Participation Details

Shareholders whose names appear in the Register of Members as of the cut-off date, September 23, 2026, are entitled to participate. The e-voting facility is provided through the Central Depository Services Ltd platform. Remote e-voting will be open from September 27, 2026, at 9:00 pm to September 29, 2026, at 5:00 pm.

Physical shareholders must provide folio numbers, share certificates, and self-attested PAN and Aadhaar copies to register for e-voting. Demat shareholders are required to update their email IDs and mobile numbers with their respective Depository Participants.

Key Dates

KYC and Demat Updates

The company reminded shareholders to update KYC details pursuant to SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 7, 2024. This includes recording PAN, address, mobile number, bank account details, specimen signature, and nomination choice for physical holdings.

Effective April 1, 2024, payments such as dividends for physical folios missing these details are made only through electronic mode. Shareholders are encouraged to dematerialise physical securities and register email IDs to avail online services.