Board has approved to increase the Authorized share capital of the company as per the attachment.
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Darshan Orna's Board, at its meeting on September 4, 2025, approved the appointment of Shah Karia & Associates as Statutory Auditors and Neelam Somani & Associates as Secretarial Auditors, both for a five-year term from FY 2025-26 to FY 2029-30, subject to shareholder approval. The Board also approved increasing the Authorised Share Capital from Rs. 10.01 crore (5,00,50,000 shares of Rs. 2 each) to Rs. 20.20 crore (10,10,00,000 shares of Rs. 2 each), effectively doubling the authorised capital. The 14th Annual General Meeting has been scheduled for September 27, 2025 via video conferencing, and the Annual Report for FY 2024-25 was also approved.
The doubling of authorised share capital gives the company flexibility to issue more shares in the future (through bonus, rights, or preferential allotment), but it does not by itself result in any dilution or change for existing shareholders right now. All key decisions remain subject to shareholder approval at the upcoming AGM on September 27, 2025.