National Oxygen Ltd — Important, 29-04-2026: Company Update

The company's board has approved increasing its Authorized Share Capital from 17.10 Cr to 18.10 Cr. This paves the way for a preferential issue of 9.50 lakh equity shares at Rs. 93.80 per share, raising 8.91 Cr. The shares will be issued to Saraf Housing Development Private Limited, a promoter group company. This capital infusion is a strategic move to strengthen the balance sheet and support operations, pending shareholder approval at an Extra-Ordinary General Meeting.