Pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we are pleased to inform that the company has received In-principle approval for Right ....
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Darshan Orna Limited has received in-principle approval from BSE for a proposed Rights Issue of fully paid-up equity shares. The approval, dated September 19, 2025, allows the company to proceed with the rights issue and use BSE's name in the Letter of Offer, subject to certain disclaimers and compliance requirements. The company has not yet disclosed key details such as the issue size, price per share, rights ratio, or record date. A record date will need to be fixed with at least three working days advance notice to the exchange.
This is a procedural milestone, not a final approval. The company still needs to disclose the issue price, ratio, and record date, and must complete legal and listing formalities before the rights issue can be launched. Shareholders should wait for further details before assessing dilution or subscription terms.