In a significant regulatory action, the Securities and Exchange Board of India (SEBI) has imposed a hefty penalty of Rs 3.87 crore on 11 individuals for manipulating the share price of Darshan Orna Ltd through social media channels. The manipulation occurred between September 2021 and June 2022, creating artificial price and volume increases that influenced investors' decisions.

The Manipulation Scheme

The price manipulation scheme operated across three tiers:

1. Accumulation and Funding:

   • Aakash Doshi and associates accumulated shares
   • Kevin Kapadia provided funding support
   • Satyen Dalal contributed Rs 46.00 lakh during the accumulation phase

2. Social Media Coordination:

   • Dhanpal Gandhi coordinated message circulation on the Telegram platform TBO.Live Events
   • Amesh Jaiswal and Jalaj Agarwal were involved in the message dissemination

Impact on Darshan Orna's Stock

The manipulation had a significant impact on Darshan Orna's stock:

Profits and Penalties

• Total Profit: The individuals collectively profited Rs 2.51 crore before exiting their positions
• Penalty Range: SEBI imposed penalties ranging from Rs 10.00 lakh to Rs 1.20 crore on the involved entities
• Payment Deadline: The penalties must be paid within 45 days

This case highlights SEBI's ongoing efforts to curb market manipulation and protect investor interests. It serves as a reminder of the severe consequences for those engaging in unfair market practices, especially through the misuse of social media platforms for stock price manipulation.

Darshan Orna Limited , a prominent player in the ornament industry, has seen significant developments in its shareholding structure and operational expansion. The company has witnessed a notable increase in stake by one of its shareholders and announced the commencement of operations from a new office space.

Stake Increase by Veeram Vendors

Veeram Vendors Private Limited, a non-promoter entity, has substantially increased its stake in Darshan Orna Limited. The company acquired 305,065 equity shares, representing 0.60% of Darshan Orna's total share capital, through open market purchases.

Key details of the transaction include:

Following this transaction, Veeram Vendors' total shareholding in Darshan Orna increased from 4.99% to 5.60%. The company now holds a total of 2,856,466 shares in Darshan Orna Limited.

Expansion of Operations

In a separate development, Darshan Orna Limited has announced the commencement of operations from a new additional office space. The Board of Directors approved the expansion.

Details of the new office:

• Address: 42-D, Sri Hari Park, Nr. Gopi Vallabh Tower, Times of India Road, Satellite, Ahmedabad- 380051, Gujarat, India
• Date of Commencement: July 29, 2025

This expansion signifies Darshan Orna's commitment to growth and enhancing its operational capabilities.

Company Overview

Darshan Orna Limited, with its registered office at Survey No. 02105+2106/3/Lawar Ni Pole, Shekh Sariya Chambers, Madan Gopal Haveli Road, Manek Chowk, Ahmedabad, Gujarat, continues to maintain its total equity share capital at 50,029,335 shares, with a share capital of 100,058,670.

These developments highlight the dynamic nature of Darshan Orna's business environment, with changes in shareholding patterns and operational expansion marking significant milestones for the company.