National Oxygen Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 20/03/2026 ,inter alia, to consider and approve Preferential Issue of Equity Shares.
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National Oxygen Ltd has informed BSE that its Board of Directors will meet on Friday, 20 March 2026, to consider a proposal for issuing up to 8,50,000 (Eight Lakh Fifty Thousand) equity shares through a preferential issue. The issuance will be carried out under SEBI's ICDR Regulations, 2018 and the Companies Act, 2013, subject to necessary regulatory approvals. The Board will also consider convening an Extra-Ordinary General Meeting or Postal Ballot to seek shareholder approval for this fund-raising proposal. The trading window for dealing in the company's shares remains closed until 48 hours after the outcome of the Board meeting is declared.
If approved, this preferential issue will dilute existing shareholders' equity by issuing new shares to specific investors. Retail investors should watch for the issue price and identity of the allottee, as these details will determine whether the dilution is fair or value-dilutive.