F.L.Dadabhoy, R.F.Dadabhoy, and N.F.Dadabhoy have collectively increased their shareholding in National Oxygen Limited to 9.062% through an open market purchase completed on January 19, 2026. The acquisition was disclosed to the company and BSE Limited under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Acquisition Details

The three acquirers purchased 3,240 additional shares through open market transactions, representing 0.06425% of the company's total voting share capital. This strategic purchase increased their combined stake from the previous holding of 4,53,720 shares.

Shareholding Pattern Changes

The acquisition resulted in a significant change in the group's overall shareholding position in National Oxygen Limited. Their total holding has now crossed the 9% threshold, triggering mandatory disclosure requirements under SEBI regulations.

Company Information

National Oxygen Limited maintains its equity share capital at 50,42,385 shares with a face value of ₹10 each. The company's shares are listed on BSE Limited, and the total voting capital remained unchanged following this acquisition.

Regulatory Compliance

The acquirers have confirmed they do not belong to the promoter or promoter group of National Oxygen Limited. The disclosure was made in compliance with Regulation 29(1) and (2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, with formal intimation sent to both the company and BSE Limited on January 19, 2026.

National Oxygen Limited , a manufacturer of industrial gases, has reported a significant turnaround in its financial performance for the quarter ended September 30, 2025. The company's strategic decision to sell commercial land has resulted in a profit, despite a decline in operational revenue.

Financial Highlights

Land Sale Boosts Profitability

National Oxygen Limited has reported a net profit of Rs. 704.10 lakhs for the quarter, compared to a loss of Rs. 118.68 lakhs in the corresponding quarter of the previous year. This significant improvement in profitability is primarily attributed to the sale of 6.60 acres of commercial land in Mathur for Rs. 8.00 crores. The company recognized a profit of Rs. 412.26 lakhs from this sale, which has been reported as an exceptional item.

Revenue Decline and Operational Challenges

Despite the profit, the company faced a decline in its core business operations. Revenue from operations decreased to Rs. 637.29 lakhs, down from Rs. 758.45 lakhs in the previous quarter and Rs. 1,061.22 lakhs in the same quarter last year. This decline may be attributed to the closure of the Perundurai plant operations, which the company ceased on May 13, 2025, citing severe competition and rising operational expenses.

Strategic Financial Management

The proceeds from the land sale have been strategically utilized to settle term loans, resulting in a significant reduction in financial liabilities and interest costs. This move is expected to improve the company's financial health and reduce its debt burden in the coming quarters.

Operational Changes

National Oxygen Limited has made some significant operational changes:

1. Closure of Perundurai Plant: The company stopped operations at its Perundurai plant effective May 13, 2025, due to severe competition and steep increases in various operating expenses, including power costs, maintenance, and transportation.

2. Focus on Core Business: The company continues to operate in the industrial gases segment as its primary business, despite the challenges faced in the market.

Looking Ahead

While the land sale has provided a temporary boost to the company's financials, the declining operational revenue and plant closure indicate ongoing challenges in the industrial gases market. National Oxygen Limited may need to focus on cost optimization and exploring new growth opportunities to sustain its profitability in the coming quarters.

Investors and stakeholders will be watching closely to see how the company navigates these challenges and leverages its improved financial position to drive sustainable growth in its core business operations.