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30-05-2025 | 01:36 pm

Darshan Orna Limited

CIN: L36910GJ2011PLC063745

REGISTERED OFFICE: Survey No. 02105+2106/3/Lawar Ni Pole, Shekh Sariya Chambers,

Madan Gopal Haveli Road, Manek Chowk Ahmedabad-380001

WEBSITE: www.darshanorna.co.in E-MAIL: compliancingdarshan@gmail.com CONTACT NO.: 07922142568

Date: May 30, 2025

To,

General Manager

Department of Corporate Services

BSE Limited

Listing Operations (Equity),

P. J. Towers, Dalal Street,

Mumbai – 400 001

Sub: Outcome of the meeting of Board of Directors of the company held on May 30th

2025.

Ref: Darshan Orna Ltd (BSE Scrip Code- 539884)

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements)

Regulations, 2015, we wish to inform you that the Board of Directors of the Company in

their meeting held today i.e. on Friday, May 30, 2025 inter-alia considered and approved

following along with other matters:

1. Audited Standalone Financial Results of the Company for the Fourth Quarter and

Year ended 31st March, 2025.

2. Appointment of Neelam Somani & Associates, Practicing Company Secretaries as

Secretarial Auditor of the Company for the financial year 2024-2025.

Further kindly note that, Pursuant to compliance of the provisions of SEBI (Prohibition

of Insider Trading) (Amendment) Regulations, 2018, the trading window has been closed

w.e.f. 01st April 2025 and will remain closed till the expiry of 48 hours after the

declaration of financial results.

In relation to the aforesaid, please find enclosed the following documents:

1. Declaration regarding unmodified opinion on the Audited Financial Results.

2. Brief profile of Neelam Somani & Associates, Practicing Company Secretaries in

the prescribed format as Annexure-A.

3. Independent Auditors Report of the Statutory Auditors of the Company for the

Financial Year ended 31st March, 2025.

4. Standalone Audited Financial Statements of the Company for the Fourth Quarter

and Financial Year ended on March 31, 2025.

----------------Page (0) Break----------------

Darshan Orna Limited

CIN: L36910GJ2011PLC063745

REGISTERED OFFICE: Survey No. 02105+2106/3/Lawar Ni Pole, Shekh Sariya Chambers,

Madan Gopal Haveli Road, Manek Chowk Ahmedabad-380001

WEBSITE: www.darshanorna.co.in E-MAIL: compliancingdarshan@gmail.com CONTACT NO.: 07922142568

These are also being made available on the website of the Company

www.darshanorna.co.in.

The summary of the Financial Results will be published in newspapers as required under

the Listing Regulations.

The said meeting was commenced at 12:30 P.M. and concluded at 1:00 P.M.

You are kindly requested to take above information on record.

Thanking you

For, DARSHAN ORNA LIMITED

MAHENDRAKUMAR RAMNIKLAL SHAH

DIRECTOR

DIN: 03144827

MAHENDRABHAI

RAMNIKLAL

SHAH

Digitally signed by MAHENDRABHAI RAMNIKLAL

SHAH Date: 2025.05.30 13:14:30

+05'30'

----------------Page (1) Break----------------

Darshan Orna Limited

CIN: L36910GJ2011PLC063745

REGISTERED OFFICE: Survey No. 02105+2106/3/Lawar Ni Pole, Shekh Sariya Chambers,

Madan Gopal Haveli Road, Manek Chowk Ahmedabad-380001

WEBSITE: www.darshanorna.co.in E-MAIL: compliancingdarshan@gmail.com CONTACT NO.: 07922142568

Date: May 30, 2025

To,

General Manager

Department of Corporate Services

BSE Limited

Listing Operations (Equity),

P. J. Towers, Dalal Street,

Mumbai – 400 001

Sub: Declaration of Unmodified Audit Report for the Financial year ended March

31st, 2025

Ref: Darshan Orna Ltd (BSE Scrip Code- 539884)

Pursuant to Regulation 33 (3)(d) of SEBI (Listing Obligations and Disclosures

Requirements) Regulations, 2015, we hereby confirm and declare that the Independent

Statutory Auditor's Report is with unmodified opinion in respect of the Standalone

Audited Financial Statements of the Company for the financial year ended 31st March

2025.

You are kindly requested to take above information on record.

Thanking you

For, DARSHAN ORNA LIMITED

MAHENDRAKUMAR RAMNIKLAL SHAH

DIRECTOR

DIN: 03144827

MAHENDRABH

AI RAMNIKLAL

SHAH

Digitally signed by MAHENDRABHAI

RAMNIKLAL SHAH Date: 2025.05.30 13:14:56

+05'30'

----------------Page (2) Break----------------

Darshan Orna Limited

CIN: L36910GJ2011PLC063745

REGISTERED OFFICE: Survey No. 02105+2106/3/Lawar Ni Pole, Shekh Sariya Chambers,

Madan Gopal Haveli Road, Manek Chowk Ahmedabad-380001

WEBSITE: www.darshanorna.co.in E-MAIL: compliancingdarshan@gmail.com CONTACT NO.: 07922142568

Annexure-A

Information as required under Regulation 30 - Part A of Para A of Schedule III of

SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015

Sr.

Particulars Description

1. Reason for Change Appointment

2. Date of

appointment/cessation

The Board at its meeting held on May 30, 2025,

approved the appointment of Neelam Somani &

Associates, Practicing Company Secretaries as

Secretarial Auditors, for the Financial Year 2024-2025.

3. Brief profile (in case of

appointment)

M/s. Neelam Somani & Associates, Practicing Company

Secretaries is a Peer Reviewed Firm and is based in

Ahmedabad and have vide experience in the field of

Corporate law, SEBI Regulations, Compliances and

Allied Laws

4. Disclosure of

relationships between

directors (in case of

appointment of a

director).

None of the KMP, Senior Management, or director are

inter-se related.

----------------Page (3) Break----------------

20+

YEARS

VERIn EXCELLENCE

Independent Auditor's Report on the Quarterly and Year to Date Audited Financial Results of the Company pursuant to the Regulations 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,

as amended

The Board of Directors of Darshan Orna Limited

Opinion

AKGVG & ASSDCIATES

We have audited the accompanying statement of quarterty and year to date financial results of DARSHAN ORNA

LIMITED ("the Company") for the quarter ended March 31, 2025 and for the Year ended March 31, 2025 ("Statement"), attached herewith, being submitted by the Company pursuant to the requirement of Regulations

33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing

Regulations").

CHARTERED ACCOUNTANTS

In our opinion and to the best of our information and according to the explanations given to us, the statement:

Is presented in accordance with the requirements of the Listing Regulations in this regard; and

gives a true and fair view in conformity with the applicable Indian Accounting Standards (IND AS) and

other accounting principles generally accepted in India of the Profit and other financial information of the

Company for the quarter ended March 31, 2025 and for the Year ended March 31, 2025.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified

under section 143(10) of

the Companies Act, 2013, as amended ("the Act"). Our responsibilities under those

Standards are further

described in the "Auditor's Responsibilities for the Audit of the Financial Results" section of our report. We are

independent of the Company in accordance with the Code of Ethics issued by the Institute

of Chartered

Accountants of India together with the ethical requirements that are relevant to our audit of the

financial

statements under the provisions of the Act and the Rules there under, and we have

fulfilled our other ethical

responsibilities in accordance with these requirements and the Code of Ethics. We believe

that the audit evidence

we have obtained is sufficient and appropriate to provide a basis for

our opinion.

Responsibility of Management for the Financial Results

The Statement has been prepared on the basis of the Annual Financial

Statements. The Company's Board of

Directors is responsible for the preparation and presentation of the Statement

that gives a true and fair view of

the net profit and other financial information in accordance with the

applicable Indian Accounting Standards (IND

AS) prescribed under Section 133 of the Act read with relevant rules issued

thereunder and other accounting

principles generally accepted in India and in compliance with

Regulation 33 of the Listing Regulations. This

responsibility also includes the maintenance of adequate accounting

records in accordance with the provision of

the Act for safeguarding of the assets of the Company and for

preventing and detecting the frauds and other

irregularities; selection and application of appropriate accounting

policies; making judgments and estimates that

are reasonable and prudent; and design, implementation

and maintenance of adequate internal financial cont rols,

that were operating effectively for ensuring the accuracy and

completeness of the accounting records, relevant to

801, lconic Shyamal, Opp City Gold, Shyamal Cross Roads, Satellite,

Ahmedabad 380015" Ph+9181609934 16,9638924533

Head Office -DELHI T Branches-AHMEDABAD I GURUGRAM I

MUMBAlI BENGALURU I CHENNAII LUCKNOW

E-mail -Priyank.shah@akgvg.com, " Website-www.akgVg.com dERED

----------------Page (4) Break----------------

20+

YEARS

DELVEERIN

EXCELLENCE

AKGVG G ASSOCIATES

CHARTERED ACCOUNTANTS

the preparation and presentation of the Statement that give a true and fair view and are free from material

misstatement, whether due to fraud or error.

In preparing the Statement, the Board of Directors are responsible for assessing the Company's ability to continue

as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis

of accounting uniess the Board of Directors either intends to liquidate the Company or to cease operations, or has

no realistic alternative but to do so.

Those Board of Directors are also responsible for overseeing the company's financial reporting process.

Auditor's Responsibility for the Audit of the Financial Results

Our objectives are to obtain reasonable assurance about whether the Statement as a whole are free from

material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion.

Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance

with SAs will always detect a materia! misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence

the economic decisions of users taken on the basis of these financial statements.

As part of an audit in accordance with SAS, we exercise professional judgment and maintain professional

scepticism throughout the audit. We aBso:

Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error,

design and perform audit procedures responsive to those risks, and obtain audit evidence that is

sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material

misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal contro.

Obtain an understanding of internaB control relevant to the audit in order to design audit procedures that

are appropriate in the circumstances. Under section 143(3)(i) of the Companies Act, 2013, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls

system in place and the operating effectiveness of such controls.

Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates

and related disclosures made by management. Conclude on the appropriateness of management's use of the going concern basis of accounting and,

based on the audit evidence obtained, whether a material uncertainty exists related to events or

conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we

conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our

opinion, Our conciusions are based on the audit evidence obtained up to the date of our auditor's report.

However, future events or conditions may cause the Company to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and

whether the financial statements represent the underlying transactions and events in a manner that

achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and

timing of the audit and significant audit findings, including any significant deficiencies in internal control that we

identify during our audit.

801, iconic Shyamal, Opp City Gold, Shyamai Cross Roads, Satellite, Ahmedabad 380015 " Ph+9181609934 16,9 638924533

Head Office-DELHI I Branches -AHMEDABAD I GURUGRAM I MUMBAI I BENGALURU I CHENNAI I LUCKNOW

E-mail -Priyank.shah@akgvg.com, " Website -www.akgvg.com

SSOC

CÁARTERED ACCOUNTANTS/

ABAD

----------------Page (5) Break----------------

E-mail

Priyankshahceakgyg.com.

Website www.akgvy

com Head Office

DELI!

Branches

AHMEDABAD IGURUGRAM

MUMBAII

BENGALURIDI

CHENNAL! LICKNOW

801, lconic

Shyamal,

Opp City Gold,

Shyamal Cross Roads, Sateilite,

Ahmedabad

380015"

Ph+9181609934 16,'9630924533

UDIN:

25118627BMKTDM1784

Membership

No.:

118627

Place:

Ahmedabad

Date: May

30, 2025

Partner

Priyank

Shah

AMHEO

ACCOUNTANTSJ

)

CHARTERED

ASSO

ICAI Firm

Registration

No.:

018598N Chartered

Accountants

For

AKGVG

ASSOCIATES

accordingly.

We have not

modified

our

opinion

on the

same.

Miscellaneous Expenditure,

not to be

written-off

has been not

disclosed

as per IND AS and not

written-off

been

audited

by the

predecessor

auditor

who

expressed

unmodified

opinion

those

Statement.

The

Statement

of the

Company

for the year

ended March

31, 2024

included

these

Statement,

have relied

those

statements.

reviewed

predecessor

auditor

who

expressed

unmodified

opinion

those

Other Matter

may

reasonably

thought

bear on our

independence,

and

where

applicabBe,

safeguards. requirements

regarding

independence,

and to

communicate

with them all

relationships

and other

matters

that

We also

provide

those

charged

with

governance

with

statement

that we have

complied

with

relevant ethical

DELVERING EXCELLENCE

YEARS

CHARTERED

ACCOUNTANTS

20+

AKGVG

ASSOCIATES

statements

and we have

Regulations. Unaudited

results

for

quarter ended

June 30, 2024 and

September

30, 2024 have been date figures

up to the

third

quarter

of the

Current Financial

Year,

required

under

the

Listing

the

audited figures

respect

of the ful

financial

year ended March 31, 2025 and the

published

year

The

Statement

includes results

for the

Quarter ended March

31, 2025

being

the

balancing

figure

between

----------------Page (6) Break----------------

Year Ended Year Ended31.03.2025 31.03.2024

Audited (in lakh)Audited (in lakh)ASSETS

(1) Non‐Current Assets (i) Property, Plant And Equipment 0.37 0.60

(ii) Intangible Assets (iii) Capital Work in Progress

(iv) Intangible assets under developmentNon‐Current Financial Assets

(a) Non-Current Investments 471.13 571.32 (b) Trade Receivables, Non-Current

Deffered tax assets (net)- 0.11

Total Non Current Assets471.50 572.03

(2) Current AssetsInventories 1,878.65

1,834.07 Current Financial Assets

(a) Current investments(b) Trade receivables 257.30

- (c) Cash and cash equivalents 48.52 3.40

(d) Bank Balance other than Cash and cash equivalents(e) Loans, Current

(f) Other Current Financial AssetsTotal Current Financial Assets

305.82 3.40 Current Tax Assets (net)

Other Current Assets 55.70 49.16

Total Current Assets2,240.17 1,886.63

Total Assets2,711.67 2,458.66

EQUITY AND LIABILITIES(1) Equity

Equity Share Capital 1,000.59 1,000.59 Other Equity 961.62 890.74

Total Equity1,962.21 1,891.33 (2) Liabilities

Non‐Current LiabilitiesNon‐Current Financial Liabilities

(a) Borrowings , non current - - (b) Trade Payables , non current - -

Provision, non current - - Deffered tax liabilities (net) 35.24 35.41

Other non current liabilities -

Total Non‐Current Liabilities35.24 35.41

Current LiabilitiesCurrent Financial Liabilities

(a) Borrowings , current 630.99 368.85 (b) Trade Payables , current

(i) Total Outstanding dues of Micro Small & Medium Enterprises

(ii) Total Outstanding dues of creditors other than Micro Small & Medium Enterprises 23.48 14.63 (c) Other current financial liabilities

Total Current Financial Liabilities654.47 383.48 Other Current liabilities 1.84

92.68 Provision, current 57.91 55.76

Current tax liabilities (net)

Total Current Liabilities714.22 531.92

Total Liabilities749.46 567.33

Total Equity and Liabilities2,711.67 2,458.66

By order of the Board of DirectorsFor , DARSHAN ORNA LIMITED

Mahendrabhai R Shah

( Director) Date:‐30.05.2025

DIN:03144827 Place:‐Ahmedabad

Particulars

DARSHAN ORNA LIMITED

Survey No. 021052106/3/Lawar Ni Pole,Shekh Sariya Chambers, Madan Gopal Haveli Road, Manek, Chowk, Ahmedabad, Gujarat, India, 380001

STATEMENT OF ASSET & LIABLITIES AS ON 31.03.2025

CIN :‐L36910GJ2011PLC063745

----------------Page (7) Break----------------

` in Lakhs

Year Ended Year Ended

31.03.2025 31.12.2024 31.03.2024 31.03.2025 31.03.2024

Audited Unaudited Audited Audited Audited

Income:

IRevenue from operations 840.45 239.80 485.11 2168.78 2086.89IIOther Income 77.54 197.47 81.25 344.27

IIITotal Income (I+II)917.99 239.80 682.58 2250.03 2431.16

IVExpenses:

Cost of materials consumed694.55 883.08 1312.59 2181.58 2972.18Purchase of Stock-in-Trade 0.00 0.00 0.00

Changes in inventories of finished goods, work-in-

progress and Stock-in-Trade204.28 -685.34 -797.05 -44.58 -895.63Employee Benefit Expense 4.36 0.59 9.35 6.24 14.80

Financial Costs 1.91 0.89 0.12 6.21 4.83

Depreciation and Amortization Expense -0.08 0.10 0.25 0.23 0.41Other Expenses 8.21 28.07 19.11 43.73 22.40

Total Expense 913.23 227.39 544.37 2193.41 2118.99

VProfit before exceptional items and tax (III ‐ IV)4.76 12.41 138.21 56.62 312.17

VIExceptional Items - - - -

VII Profit before tax (V‐ VI)4.76 12.41 138.21 56.62 312.17

VIIITax expense: (1) Current tax 1.001.75 7.81 10.00 45.00

(2) Deferred tax - - 0.01

IXProfit(Loss) from the perid from continuing operations (VII -VIII)3.76 10.66 130.40 46.62 267.16

XProfit(Loss) from the period from dicontinuing operations before tax- - - - -

XITax expense of discontinuing operations‐ ‐ ‐ ‐ ‐

XIIProfit(Loss) from Discontinuing operations‐ ‐ ‐ ‐ ‐

XIIIProfit/(Loss) for the period (IX + XII)3.76 10.66 130.40 46.62 267.16

XIVOther comprehensive income net of tax‐ ‐ 318.71

XVTotal Comprehnsive Income for the year3.76 10.66 130.40 46.62 585.87

XVI Details of Equity Share Capital

Paid-up Equity share capital (at par Value of Rs. 2 each)1,000.59 1,000.59 1,000.59 1,000.59 1,000.59

XVII Earning per share:Earning per equity share for continuing operations

(1) Basic earnings (loss) per share from continuing operations0.01 0.02 0.26 0.09 0.53

(2) Diluted earnings (loss) per share from continuing operations0.01 0.02 0.26 0.09 0.53

Earning per equity share for discontinued operations(1) Basic earnings (loss) per share from discontinued

operations‐ ‐ ‐ ‐ (2) Diluted earnings (loss) per share from discontinued

operations‐ ‐ ‐ ‐

Earning per equity share(1) Basic earnings(loss) per share from continuing and

discontinued operations0.01 0.02 0.26 0.09 0.53 (2) Diluted earnings(loss) per share from continuing and

discontinued operations0.01 0.02 0.26 0.09 0.53

By order of the Board of Directors

For , DARSHAN ORNA LIMITED

Mahendrabhai R Shah

( Director) Date:‐30.05.2025

DIN:03144827 Place:‐Ahmedabad

Sr.

NoParticulars

Quarter Ended

DARSHAN ORNA LIMITED

Survey No. 021052106/3/Lawar Ni Pole,Shekh Sariya Chambers, Madan Gopal Haveli Road, Manek, Chowk, Ahmedabad, Gujarat, India, 380001

STATEMENT OF STANDALONE AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED ON 31st March, 2025

CIN:‐ L36910GJ2011PLC063745

Notes:

1). The above Financial Results were reviewed by the Audit Committee and Approved by the Board of Directors at their respective Meeting held on 30-05-20252) The Company's business activity fall within a singal primary business segment.

3). Previous year's figures are re-grouped, re-classified wherever necessary.

----------------Page (8) Break----------------

A. Cash Flow from Operating Activity

Profit before Taxation and Extra Ordinary ItemsAdd : Non Cash & Non Operating Expenses56.62 312.17

Depreciation0.23 0.41

Finance Cost6.21 4.83

Interest Income0.00 0.00

Gain On Sales Of Shares-81.25 -344.27Other Income0.00 0.00

Operating Profit before Working Capital Changes‐18.19‐26.86

Adjustment for;

(Increase) / Decrease in Inventory-44.58 895.63

(Increase) / Decrease in Trade Receivable -257.30 -234.73

Increase/(Decrease) in Trade Payables8.85 -8.75

(Increase)/ Decrease in Loans & Advances0.00 0.00

(Increase) / Decrease in other Current Assets -6.54 35.22

Increase / (Decrease) in Current Liabilities-90.84 91.68

Increase / (Decrease) in Short Term Borrowings 262.14 368.85

Increase / (Decrease) in Short Term Provisions 2.15 79.59

(Increase) / Decrease in Current Investment

Cash Generated from Operation‐144.31 1200.63Taxes Paid10.00 45.01

Net Cash Flow from Operating Activities‐154.31 1155.62

B. Cash Flow from Investing Activity

(Increase) / Decrease in Fixed Assets (net)0.00 -0.01

(Increase) / Decrease in Investments & Accured Interest 100.19 407.96

(Increase) / Decrease in other Non current Investments

Interest Income

Other Income0.00 0.00 Gain On Sales Of Shares81.25 344.27

Net Cash Flow from Investing Activities181.44 752.22

C. Cash Flow from Financing Activity

Proceeds from Issue of Shares

Proceeds from Securities Premium

Increase / (Decrease) in Long term Borrowings

Finance Cost-6.21 -4.83Adjustment of earlier in Retained Earning24.20 -1889.86

Net Cash Flow from Financing Activities17.99‐1894.69

Net Increase / (Decrease) in Cash & Cash Equivalents45.12 13.15

Opening Balance of Cash & Cash Equivalents3.40 -9.75Closing Balance of Cash & Cash Equivalents48.52 3.40

Net Increase / (Decrease) in Cash & Cash Equivalents 45.12 13.15

By order of the Board of Directors

For , DARSHAN ORNA LIMITED

Mahendrabhai R Shah

( Director) Date: 30.05.2025

DIN:03144827 Place:‐Ahmedabad

PARTICULARS

FIGURES AS AT THE

END 31TH

MARCH,2024

DARSHAN ORNA LIMITED

Survey No. 021052106/3/Lawar Ni Pole,Shekh Sariya Chambers, Madan Gopal Haveli Road, Manek, Chowk, Ahmedabad, Gujarat, India, 380001

CASH FLOW STATEMENT OF YEAR ENDED ON 31St March, 2025(Rs. In Lakhs)

FIGURES AS AT THE

END 31TH

MARCH,2025

CIN :‐L36910GJ2011PLC063745

----------------Page (9) Break----------------

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