Promoter Rajesh Kumar Saraf has reduced his shareholding in National Oxygen Limited through a series of market sales conducted in late June 2026. The transactions, disclosed under Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, resulted in the sale of 166,678 equity shares. This divestment represents 3.31% of the company's total equity and was executed over a trading period from June 29 to June 30, 2026.

Following the disposal, Saraf's total shareholding in National Oxygen Limited stands at 1,704,537 equity shares, which corresponds to 33.80% of the paid-up capital. The aggregate value of the transactions was recorded at ₹8,399,652.41, excluding taxes, brokerage, and other associated charges. The company intimated the stock exchange regarding this change in shareholding on July 1, 2026.

Transaction Details

The disclosure provides a comprehensive breakdown of the promoter's trading activity, confirming that the mode of acquisition and disposal was through the open market. No trading in derivatives was reported by the promoter during this period.

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pertaining to "incremental working capital requirements of the Company" and "general corporate purposes" were formally withdrawn.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