National Oxygen Ltd — Important, 20-03-2026: Company Update

National Oxygen's board has approved a preferential issue of up to 0.95 Cr equity shares, each with a face value of Rs. 10. These shares will be issued to Saraf Housing Development Private Limited, a company within the promoter group, at a price determined by a registered valuer. The board also appointed CA S Dehaleesan as the valuer and approved opening a separate bank account for this issue. This move will bring in capital while potentially strengthening the promoter's stake in the company.