Darshan Orna Limited has completed a significant rights issue, resulting in a substantial change in its shareholding structure. Kriyansh Gold Private Limited, a promoter entity, has markedly increased its stake in the company through this corporate action.

Key Highlights of the Rights Issue

Impact on Shareholding

The rights issue has led to a significant increase in Kriyansh Gold Private Limited's ownership in Darshan Orna Limited. The acquirer's stake jumped from 0.78% to 18.95%, marking a notable change in the company's ownership structure.

Regulatory Compliance

This acquisition falls under the purview of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Kriyansh Gold Private Limited has made the necessary disclosures under Regulation 29(2) of these regulations, ensuring transparency in the transaction.

Impact on Darshan Orna's Capital Structure

The rights issue has had a considerable impact on Darshan Orna Limited's capital structure:

1. The total number of equity shares doubled from 5,00,29,335 to 10,00,58,670.
2. Consequently, the share capital of the company also doubled from ₹10,00,58,670 to ₹20,01,17,340.

This expansion in the capital base could potentially provide Darshan Orna with additional resources for its business operations or future growth plans.

Implications for Investors

The substantial increase in Kriyansh Gold's stake might signal increased confidence in Darshan Orna's future prospects. However, it's important for investors to note that this change in shareholding pattern could potentially influence the company's decision-making processes going forward.

Shareholders and potential investors should keep a close watch on any further announcements or changes in the company's strategy that might follow this significant shift in ownership structure.

As always, it's advisable for investors to conduct their own research and consider their investment goals before making any investment decisions based on this corporate action.

Darshan Orna Limited , a company listed on the BSE, has successfully completed the acquisition of its registered office property. The transaction, valued at ₹25.00 lakh, marks a significant step in the company's business expansion strategy.

Transaction Details

Strategic Implications

The acquisition serves dual purposes for Darshan Orna Limited:

1. Business Expansion: The company aims to utilize this property to support its growth initiatives.
2. Owned Office Space: This move provides the company with a permanent, owned location for its operations.

Regulatory Compliance

In adherence to regulatory requirements, Darshan Orna Limited has disclosed this transaction under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has emphasized that despite being a related party transaction, it was conducted at arm's length, ensuring fairness and transparency.

Management Statement

Mahendrakumar Ramniklal Shah, Director of Darshan Orna Limited, signed off on the regulatory filing, confirming the completion of the transaction and its alignment with the company's expansion plans.

This strategic move by Darshan Orna Limited demonstrates the company's commitment to strengthening its operational foundation.