The Board of directors approved the Record date and other terms of Right Issue as per attachment.
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Darshan Orna Ltd's board has fixed October 31, 2025 as the record date to determine eligible shareholders for its proposed Rights Issue. The company will offer up to 5,00,29,335 fully paid-up equity shares at ₹3 per share (face value ₹2 each), aggregating up to ₹15.01 crore. The entitlement ratio is 1:1, meaning shareholders can buy 1 rights share for every 1 share held on the record date. The issue opens on November 13, 2025 and closes on November 21, 2025. If fully subscribed, the company's outstanding equity shares will double from about 5 crore to 10 crore shares.
Eligible shareholders must decide whether to subscribe, renounce, or let their rights lapse by November 21, 2025. Full subscription would dilute existing holdings by 50%, so investors should weigh the issue price against the current market price before deciding to apply.