Newspaper Advertisement regarding Rights Issue of fully paid up equity shares of Darshan Orna Limited
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Darshan Orna Limited has published newspaper advertisements in Financial Express (English and Gujarati) and Jansatta (Hindi) on November 10, 2025, informing eligible shareholders about its Rights Issue as required under SEBI ICDR Regulations. The company is issuing up to 5,00,29,335 equity shares at Rs. 3 per share (face value Rs. 2 + Rs. 1 premium), aiming to raise up to Rs. 1500.88 Lakhs. The issue is in the ratio of 1 rights share for every 1 fully paid-up equity share held, with the record date set as October 31, 2025. The issue opens on November 13, 2025 and closes on November 21, 2025, with the last date for on-market renunciation being November 17, 2025.
Existing shareholders as on the record date (October 31, 2025) are entitled to subscribe to additional shares in a 1:1 ratio and must either apply or renounce their rights entitlement before November 21, 2025, otherwise the rights will lapse. The issue price of Rs. 3 is at a 1.5x premium to face value, and dilution will occur if shareholders do not participate, though it also provides an opportunity to increase stake at a fixed price.