National Oxygen to Issue 9.5 Lakh Shares on Preferential Basis for ₹8.91 Cr

National Oxygen Ltd's Board of Directors, at a meeting on April 29, 2026, approved an increase in the Authorized Share Capital from ₹17.10 Crores to ₹18.10 Crores. The board also approved the preferential issue of 9,50,000 equity shares of face value ₹10 each at a price of ₹93.80 per share, aggregating to ₹8,91,10,000. These shares will be allotted 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 this preferential issue.