Annual Report for the 14th Annual General Meeting to be held on Saturday, September 27, 2025 at 11:30 a.m. through Video Conferencing/ Other Audio-Visual Means.
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Darshan Orna Limited, an Ahmedabad-based wholesale gold and silver jewellery trading company (BSE Scrip Code: 539884), has filed the Notice of its 14th Annual General Meeting along with the Integrated Annual Report for FY2024-25. The AGM is scheduled for Saturday, September 27, 2025, at 11:30 a.m., to be held via Video Conferencing. Key business to be transacted includes adoption of FY25 financial statements, re-appointment of Mrs. Arunaben Shah as director (retiring by rotation), appointment of M/s Shah Karia & Associates as Statutory Auditor for a 5-year term up to the 19th AGM in 2030, appointment of Neelam Somani & Associates as Secretarial Auditor for 5 years starting FY25-26, and an increase in the Authorised Share Capital from Rs. 10.01 crore to Rs. 20.20 crore (equity shares to rise from ~5 crore to ~10.10 crore shares of Rs. 2 each). The Managing Director's message also references the initiation of a Rights Issue to strengthen the capital base.
Routine AGM-related filing with no major surprise, but shareholders should note the proposed doubling of Authorised Share Capital (signalling a likely larger fund-raising action) and the initiation of a Rights Issue mentioned in the MD's message. Both could lead to equity dilution in the near term if approved.