Issue of up to 9,50,000 (Nine Lakh Fifty Thousand) Equity Shares, having a face value of Rs.10/- (Rupees Ten Only) each, at a price not less than the price determined in accordance with ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
National Oxygen Ltd's board, at its meeting on March 20, 2026, approved issuing up to 9,50,000 equity shares with a face value of Rs. 10 each on a preferential basis to Saraf Housing Development Private Limited, a company forming part of the promoter group. The issue price will be determined by a registered valuer (CA S. Dehaleesan) in line with the SEBI ICDR Regulations, meaning it will be at or above the floor price set by those rules. A separate bank account has also been opened for the preferential issue. The total issue size at face value is Rs. 95 lakh, though the actual amount raised will depend on the final price determined by the valuer.
This is a capital infusion from a promoter group entity, which signals promoter confidence and strengthens the company's net worth. However, it will result in dilution of existing public shareholders' stake. The issue is not a QIP and none of the listed signal categories clearly apply.