Corporate Action29 Apr 2026, 06:01 pm
National Oxygen to increase authorized capital to ₹18.10 Cr; Preferential issue of ₹8.91 Cr
AI Summary
National Oxygen Ltd's Board of Directors approved an increase in the Authorized Share Capital from ₹17.10 Crores to ₹18.10 Crores. Concurrently, the Board approved a preferential issue of 9,50,000 equity shares of face value ₹10 each at a price of ₹93.80 per share, totaling ₹8.91 Crores. These shares will be issued to Saraf Housing Development Private Limited, a promoter group company. An Extra-Ordinary General Meeting (EGM) is scheduled for May 28, 2026, to obtain shareholder approval for the proposed preferential issue.
Key Highlights
- Authorized Share Capital increased from ₹17.10 Cr to ₹18.10 Cr.
- Preferential issue of 9.5 lakh equity shares approved by the Board.
- Issue price set at ₹93.80 per share, aggregating ₹8.91 Cr.
- Shares to be issued to Saraf Housing Development, a promoter group entity.
- EGM scheduled for May 28, 2026, for shareholder approval.
Price Impact
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