With respect to its intimation dated May 05, 2022, White Organic Retail has informed that the Board of Directors at its’ meeting held May 18, 2022, which commenced at 11.30 am and concluded at 12.15 pm, discussed on the restructuring of the Company and concluded that the same will be done post strategizing it in the best interest of the Company and the stakeholders. The Board further discussed on the internal restructuring with respect to change of management post acquisition of the Company by Suumaya Retail. The new management of the Company has a vast experience in in the retail sector and will enable the company to achieve optimum growth and scale new heights with its wide market base and expertise. A brief note on the same in attached.
The above information is a part of company’s filings submitted to BSE.
