National Oxygen Ltd — Important, 15-07-2026: Company Update

National Oxygen Limited has withdrawn its previously approved preferential issue of 9.5 lakh equity shares. This decision follows a significant decline in the company's market share price since the issue was initially approved. The proposed investor, a promoter group entity, expressed reservations about the original issue price of ₹93.80 per share, which amounted to ₹78.91 crore, and requested a deferral. The Board concluded that the approved price no longer reflected current market conditions. The company may explore fresh fundraising options later, and this withdrawal is not expected to materially impact its business or financial position.