Darshan Orna Limited Confirms Non-Applicability of Large Corporate Status for FY26
Darshan Orna Limited has formally confirmed to BSE that it does not fall under the Large Corporate category as per SEBI criteria for FY26. The confirmation, digitally signed by Director Mahendrakumar Ramniklal Shah, exempts the company from filing Annual Disclosure requirements under various SEBI and BSE circulars.

*this image is generated using AI for illustrative purposes only.
Darshan Orna Limited has informed BSE that it does not qualify as a Large Corporate under SEBI regulations as on March 31, 2026. The company submitted this confirmation through a formal communication dated April 03, 2026, addressing regulatory compliance requirements for the financial year ended March 31, 2026.
Regulatory Framework Reference
The company's confirmation was made in reference to several key regulatory circulars:
| Regulatory Body: | Circular Reference | Date |
|---|---|---|
| SEBI: | SEBI/HO/DDHS/CIR/P/2018/144 | November 26, 2018 |
| SEBI: | SEBI/HO/DDHS/P/CIR/2021/613 | August 10, 2021 (updated April 13, 2022) |
| BSE: | LIST/COMP/05/2019-20 | April 11, 2019 |
| BSE: | LIST/COMP/59/2019-20 | March 3, 2020 |
| BSE: | Notice No. 20220427-2 | April 27, 2022 |
These circulars specifically address fund raising by issuance of debt securities by large corporates and establish the criteria for determining Large Corporate status.
Compliance Implications
Based on its non-Large Corporate status, Darshan Orna Limited is exempt from specific disclosure requirements. The company confirmed that there is no requirement for filing Annual Disclosure in "Annexure B" as per BSE notices and circulars, and in "Annexure XII B2" to the operational circular dated August 10, 2021 for FY26.
Corporate Information
The confirmation was digitally signed by Mahendrakumar Ramniklal Shah, Director (DIN: 03144827), on behalf of the company on April 03, 2026. Darshan Orna Limited operates under CIN L36910GJ2011PLC063745 and maintains its registered office at Survey No. 02105+2106/3/Lawar Ni Pole, Shekh Sariya Chambers, Madan Gopal Haveli Road, Manek Chowk Ahmedabad-380001.
This regulatory confirmation ensures the company remains compliant with current SEBI and BSE requirements while clarifying its status regarding large corporate disclosure obligations for the financial year 2026.
Historical Stock Returns for Darshan Orna
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.79% | -1.95% | -5.97% | +1.61% | +7.23% | -15.44% |
What factors could potentially change Darshan Orna Limited's classification to Large Corporate status in future financial years?
How might the company's exemption from enhanced disclosure requirements affect investor transparency and market confidence?
Will Darshan Orna Limited face any limitations in debt fundraising activities due to its non-Large Corporate status?


































