Description

BSE announces record date of October 31, 2025 for rights issue of Darshan Orna Limited offering 1:1 equity shares at Rs. 3/- per share (face value Rs. 2/- with premium of Re. 1/-).

Summary

BSE has notified that Darshan Orna Limited (Code: 539884) has fixed the record date for its rights issue of equity shares. Trading in the company’s equity shares will be conducted on an ex-rights basis effective October 31, 2025. The rights issue offers existing shareholders the opportunity to subscribe to 1 new equity share for every 1 equity share held at an issue price of Rs. 3/- per share.

Key Points

  • Record date for rights issue: October 31, 2025
  • Ex-rights trading commences: October 31, 2025 (Settlement No. DR-747/2025-2026)
  • Rights entitlement ratio: 1:1 (1 new equity share for every 1 share held)
  • Face value: Rs. 2/- per equity share
  • Premium: Re. 1/- per equity share
  • Total issue price: Rs. 3/- per equity share
  • Full issue price payable on application
  • Company code: 539884
  • Segment: Equity - Dematerialised Securities Rolling Settlement

Regulatory Changes

No regulatory changes introduced. This is a standard corporate action notification for a rights issue.

Compliance Requirements

  • Trading members must execute all transactions in Darshan Orna Limited equity shares on an ex-rights basis from October 31, 2025
  • Shareholders must pay the full amount of Rs. 3/- per share at the time of application
  • Trading members are required to take note of the ex-rights trading date and settlement details

Important Dates

  • October 28, 2025: Circular issue date
  • October 31, 2025: Record date for rights issue eligibility
  • October 31, 2025: Ex-rights trading begins (Settlement No. DR-747/2025-2026)

Impact Assessment

Shareholder Impact: Existing shareholders as of the record date will be eligible to subscribe to additional equity shares at Rs. 3/- per share, representing a 50% premium to face value. This provides an opportunity to increase shareholding proportionately.

Trading Impact: The stock will trade ex-rights from October 31, 2025, which typically results in a price adjustment reflecting the value of the rights being separated from the share price.

Liquidity Impact: Rights issues generally lead to increased share capital and may temporarily affect trading volumes as shareholders decide whether to exercise, sell, or let their rights lapse.

Dilution: Shareholders who do not participate in the rights issue will experience dilution of their ownership percentage, given the 1:1 ratio of the offering.

Impact Justification

Standard rights issue announcement affecting existing shareholders of Darshan Orna Limited with specific ex-rights trading date and subscription terms