Description

Darshan Orna Limited has fixed October 31, 2025 as the record date for a rights issue of equity shares at Rs. 3/- per share in the ratio of 1:1.

Summary

Darshan Orna Limited (BSE Code: 539884) has announced a rights issue with a record date of October 31, 2025. The company will issue equity shares on a rights basis in the ratio of 1:1, offering one new equity share for every one equity share held. The issue price is Rs. 3/- per share (face value Rs. 2/- plus premium of Re. 1/-), payable in full on application. Trading in the company’s shares will be conducted on an ex-rights basis from October 31, 2025 (Settlement No. DR-747/2025-2026).

Key Points

  • Rights issue ratio: 1:1 (one new share for every one existing share)
  • Face value: Rs. 2/- per equity share
  • Premium: Re. 1/- per equity share
  • Total issue price: Rs. 3/- per equity share
  • Full amount payable on application
  • Company code: 539884 (BSE)
  • Segment: Dematerialised Securities – Rolling Settlement

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Trading members must execute all transactions in Darshan Orna Limited equity shares on an ex-rights basis from October 31, 2025
  • Shareholders on record as of October 31, 2025 will be eligible for the rights entitlement
  • Full issue price of Rs. 3/- per share must be paid at the time of application

Important Dates

  • Record Date: October 31, 2025
  • Ex-Rights Date: October 31, 2025
  • Settlement Number: DR-747/2025-2026
  • Notice Date: October 28, 2025

Impact Assessment

Shareholder Impact: Existing shareholders as of the record date will have the opportunity to subscribe to additional shares at Rs. 3/- per share in proportion to their current holdings. The rights issue provides an opportunity to maintain proportional ownership and avoid dilution.

Market Impact: The stock will trade ex-rights from October 31, 2025, which may result in price adjustment to reflect the rights entitlement separation. Trading members need to ensure proper settlement and execution of trades on ex-rights basis.

Liquidity Impact: Medium - The 1:1 ratio indicates a significant capital raise relative to the existing share base, which may impact trading volumes and liquidity during the rights issue period.

Impact Justification

Standard rights issue announcement affecting existing shareholders of Darshan Orna Limited with a specific record date for entitlement