Description

Darshan Orna Limited has fixed October 31, 2025 as the record date for rights issue offering 1 equity share at Rs 3 per share for every 1 share held.

Summary

BSE notifies trading members that Darshan Orna Limited (Code: 539884) has fixed October 31, 2025 as the record date for its rights issue. The company is offering 1 equity share of face value Rs 2 at a premium of Re 1 (total issue price Rs 3) for every 1 equity share held. Trading in the company’s shares will be conducted on ex-rights basis from October 31, 2025 (Settlement No. DR-747/2025-2026). Full payment of Rs 3 per share is required on application.

Key Points

  • Company: Darshan Orna Limited (BSE Code: 539884)
  • Rights ratio: 1:1 (1 new share for every 1 share held)
  • Face value: Rs 2 per equity share
  • Premium: Re 1 per share
  • Issue price: Rs 3 per share (payable in full on application)
  • Record date: October 31, 2025
  • Ex-rights date: October 31, 2025
  • Settlement number: DR-747/2025-2026
  • Segment: Dematerialised Securities - Rolling Settlement

Regulatory Changes

No regulatory changes. This is a standard corporate action notification.

Compliance Requirements

  • Trading members must execute all transactions in Darshan Orna Limited shares on ex-rights basis from October 31, 2025
  • Investors wishing to participate in the rights issue must hold shares as of the record date (October 31, 2025)
  • Full issue price of Rs 3 per share must be paid upon application

Important Dates

  • October 31, 2025: Record date for determining rights issue eligibility
  • October 31, 2025: Ex-rights trading begins (Settlement DR-747/2025-2026)

Impact Assessment

Limited market impact as this affects only shareholders of Darshan Orna Limited. The 1:1 rights ratio indicates potential dilution of 50% if fully subscribed. The modest premium of Re 1 (50% above face value) suggests the issue is priced attractively for existing shareholders. Trading members need to ensure proper ex-rights adjustments in their systems from October 31, 2025.

Impact Justification

Standard rights issue notification for a single company affecting only its shareholders; 1:1 ratio at modest premium of Re 1 per share