1. Approval of Audited Financial Results 2. Approval of appointment of Internal Auditor
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National Oxygen Ltd reported standalone audited financial results for FY2025-26 ending March 31, 2026. Revenue from operations more than doubled to Rs 86,204 lakhs from Rs 40,582 lakhs in the previous year, representing over 112% growth. The company returned to profitability with net profit of Rs 183.66 lakhs compared to a loss of Rs 700.22 lakhs in the prior year. However, the company has negative total equity of Rs 610.53 lakhs as of March 2026, indicating accumulated losses have eroded shareholder funds. The board also approved appointment of R. Bala Subramanian as internal auditor for FY2026-27. Key events include the sale of the Mathur plant for Rs 530 lakhs (profit Rs 281.25 lakhs under exceptional items) and shutdown of the Perundurai plant due to severe competition and rising costs.
The stock may see positive reaction to the return to profit and strong revenue growth, but investors should be cautious about the company's negative equity position indicating potential solvency risks, and the auditor's emphasis on going concern basis of accounting.