Darshan Orna Limited reported a sharp contraction in profitability for the first quarter of FY26, with net profit plunging 76% year-on-year to ₹5.09 lakh. The Ahmedabad-based company posted revenue from operations of ₹1,246.69 lakh for the quarter ended June 30, 2026, a 16% decline from ₹1,478.24 lakh in Q1FY25. The profit decline was more severe than the revenue drop, indicating significant margin pressure primarily driven by rising input costs.

The Board of Directors approved the unaudited standalone financial results on August 8, 2026, following a review by the Audit Committee. The results were submitted pursuant to Regulation 33 and Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. Shah Karia & Associates, the independent auditors, issued a limited review report stating that nothing came to their attention to suggest the statement contained material misstatements or failed to disclose required information under Ind AS 34.

Financial Performance Overview

Revenue from operations fell by ₹231.55 lakh compared to the previous year’s corresponding period. However, total expenses decreased only marginally, resulting in a compressed profit before tax of ₹5.99 lakh, down from ₹26.48 lakh in Q1FY25. Tax expense stood at ₹0.90 lakh, leading to the final net profit figure.

What the Numbers Show

The most critical factor behind the profit collapse was the disproportionate rise in the cost of materials consumed. While revenue declined by nearly 16%, the cost of materials surged by 72% to ₹1,074.53 lakh from ₹624.95 lakh in Q1FY25. This inversion suggests either a significant shift in product mix towards lower-margin items or a substantial increase in raw material prices that could not be passed on to customers. Additionally, changes in inventories added ₹163.02 lakh to expenses in Q1FY26, compared to ₹804.18 lakh in Q1FY25, indicating different inventory management dynamics between the two periods. Other income remained negligible at ₹0.00 lakh, offering no offset to the operational pressures.

Operational and Corporate Updates

Darshan Orna Limited operates within a single primary business segment. The company’s paid-up equity share capital remained unchanged at ₹2,001.17 lakh, with a face value of ₹2 per share. Basic and diluted earnings per share (EPS) for continuing operations were ₹0.01, down from ₹0.04 in Q1FY25.

In compliance with SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2018, the trading window remains closed until 48 hours after the declaration of financial results. The trading window had been closed since July 1, 2026. The Board meeting commenced at 12:00 P.M. and concluded at 1:00 P.M. on August 8, 2026.

Darshan Orna Limited has accepted the resignation of Mrs. Shivani Joshi as its Company Secretary and Compliance Officer, effective July 23, 2026. The company disclosed the change in key managerial personnel to the Bombay Stock Exchange on July 24, 2026, stating that the departure was due to personal reasons. This exit creates a vacancy in a critical compliance role responsible for ensuring adherence to securities regulations.

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. Mrs. Joshi submitted her resignation letter on July 23, 2026, which was formally acknowledged by the Board of Directors. Managing Director Ritesh Sheth signed the intimation letter sent to the exchange.

Mrs. Joshi, holding membership number A49742 with the Institute of Company Secretaries of India, served as both the Company Secretary and Compliance Officer for Darshan Orna Limited. Her resignation becomes effective from the close of business hours on July 23, 2026. In her resignation letter, she expressed gratitude to the Board for their guidance and support during her tenure.

Key Details of Resignation

The filing includes Annexure-A, which outlines the regulatory disclosures required for changes in key managerial personnel. The document confirms that the reason for the change is resignation due to personal reasons and attaches the original resignation letter for record-keeping purposes. No details regarding a replacement candidate or interim arrangements were provided in this specific disclosure.

Darshan Orna Limited is headquartered in Ahmedabad, Gujarat, with its registered office located at Shekh Sariya Chambers, Manek Chowk. The company continues to operate under the leadership of Managing Director Ritesh Sheth (DIN: 07100840). Investors are advised to monitor future filings for any announcements regarding the appointment of a new Company Secretary and Compliance Officer.