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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Price reactionminutes from the announcement price · days from the prior close

-3.0%Reaction day

₹3.30

prior close

₹3.30

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.3%-4.4% vs market

Gems, Jewellery And Watches peers, median of 39sector-0.3%-2.8% vs sector

On the reaction day the stock moved 4.4 pts less than Nifty Microcap 250 and 2.8 pts less than its Gems, Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.3

10m

-0.6

15m

-1.8

30m

-1.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.0+1.3-4.4-0.3-2.8

Next day

-3.3+0.9-4.2-0.1-3.2

-7.3+0.8-8.0+0.5-7.8

-10.6+0.6-11.2-0.0-10.6

-7.9-0.0-7.9-0.1-7.8

-7.3-0.5-6.8-1.4-5.8

-7.0-2.1-4.8-1.8-5.2

15d

-9.7-3.5-6.2-6.0-3.7

-7.6-2.3-5.3-10.5+3.0

-23.0-10.4-12.6-9.2-13.9

-17.0-6.1-10.8-12.0-5.0

UpDownMarket · Nifty Microcap 250Sector · Gems, Jewellery And Watches peers, median of 39Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

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.

Likely market impact

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.