The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Veeram Vendors Pvt Ltd
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Veeram Vendors Private Limited (along with PAC Veeram Barter Private Limited), which is not part of the promoter/promoter group, has disclosed acquisition of 80,00,000 equity shares of Darshan Orna Limited through a Rights Issue allotted on 27 November 2025. The acquirer's holding in Darshan Orna has increased from 44,17,941 shares (8.83%) to 1,24,17,941 shares (12.41%), a rise of 8.00 percentage points. The Rights Issue has effectively doubled the company's total share capital from 5,00,29,335 shares to 10,00,58,670 shares. This is a creeping acquisition as the acquirer is steadily building stake, now nearing the 15% threshold under SAST regulations.
The acquirer's rising stake to 12.41% through the Rights Issue signals confidence in Darshan Orna's growth prospects but also means an external (non-promoter) entity is accumulating significant influence. Shareholders should watch for further acquisitions that could push holding toward or beyond the 15% creeping acquisition trigger, which may have implications for control and open offer obligations.