The Board of Directors has approved the allotment of 5,00,29,335 fully paid-up Equity Shares pursuant to the Rights Issue.
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Darshan Orna Ltd has completed its Rights Issue with the Board approving allotment of 5,00,29,335 fully paid-up equity shares at ₹3 each (face value ₹2) to eligible shareholders and renouncees. As a result, the company's paid-up equity share capital has doubled from ₹10,00,58,670 to ₹20,01,17,340. The total funds raised under the issue are roughly ₹15 crore. The allotment was finalized on November 25, 2025 in consultation with Kfin Technologies and BSE.
The share capital has been diluted significantly with the share count doubling, which may put short-term pressure on the stock price on the ex-rights basis. Investors should watch how the company deploys the fresh capital (~₹15 crore) for business growth.