National Oxygen EGM approves share capital increase

National Oxygen Limited announced the voting results of its Extraordinary General Meeting (EGM) held on Thursday, 28 May 2026, confirming shareholder approval for increasing authorised share capital and issuing equity shares on a preferential basis. The meeting was conducted via video conference to address capital restructuring and the issuance of shares to a promoter group company.

The shareholders passed an ordinary resolution to increase the authorised share capital from Rs.17.10 Crores to Rs.18.10 Crores. This change necessitates an alteration to the capital clause of the Memorandum of Association. Additionally, a special resolution was approved for the issuance of 9,50,000 equity shares on a preferential basis through private placement to a company within the promoter group.

The company clarified that funds from the preferential issue will be utilized entirely for the repayment or prepayment of existing borrowings. Consequently, the objects of the issue pertaining to "incremental working capital requirements of the Company" and "general corporate purposes" were formally withdrawn.

Remote e-voting facilities were available from Monday, 25 May 2026, to Wednesday, 27 May 2026. Members holding shares as of the cut-off date of Thursday, 21 May 2026, were entitled to participate. The scrutinizer's report confirmed that the resolutions received the requisite majority.

Resolutions Passed

No.	Resolutions	Type of Resolution
1.	Increase in Authorised Share Capital of the Company from Rs.17.10 Crores to Rs.18.10 Crores and consequent alteration of Capital Clause of the Memorandum of Association of the Company.	Ordinary
2.	Issue of 9,50,000 Equity Shares on Preferential Basis by way of Private Placement to a Company forming part of the Promoter Group.	Special

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.48%	-1.24%	-6.62%	-27.73%	-43.22%	+16.00%

National Oxygen Limited has disclosed that it is not required to provide a disclosure of related party transactions on a consolidated basis for the financial year ended March 31, 2026. The company communicated this to BSE Limited, citing specific exemptions under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Exemption Criteria

Under Regulation 15(2) of the SEBI (LODR) Regulations, 2015, certain corporate governance provisions do not apply to listed entities with a paid-up equity share capital not exceeding ₹10 crore and a net worth not exceeding ₹25 crore as on the last day of the previous financial year. Consequently, the company is exempt from the requirements of Regulation 23(9), which mandates the disclosure of related party transactions.

Financial Position as of March 31, 2025

The company's eligibility for this exemption is based on its financial position as per the audited financial statements for the year ended March 31, 2025. The key figures are detailed below:

Financial Metric	Amount
Paid Up Equity Share Capital	₹5,04,23,850
Net Worth	₹(-) 8,00,93,139

The data confirms that both the paid-up equity share capital and the net worth are below the prescribed regulatory limits. Therefore, the provisions of Regulation 23(9) regarding the disclosure of related party transactions are not applicable to National Oxygen Limited for the specified period.

Future Compliance Undertaking

National Oxygen Limited has undertaken to comply with the relevant regulations within six months from the date the provisions become applicable. The company stated that should its financial metrics exceed the exemption thresholds in the future, it will adhere to the disclosure requirements mandated by the SEBI (LODR) Regulations.