Submission of 23(9) - Non applicability Certificate
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Awaiting price reaction for this filing.
National Oxygen Limited has informed BSE that the half-yearly disclosure of related party transactions under Regulation 23(9) of SEBI LODR Regulations is not applicable to the company for the period ended 30 September 2025. The exemption is claimed under Regulation 15(2), which excuses small-cap companies (paid-up equity capital below Rs. 10 crore and net worth below Rs. 25 crore) from this disclosure. The company reported a paid-up equity share capital of Rs. 5.04 crore and, notably, a negative net worth of Rs. (-)8.01 crore as on 31 March 2025. The Managing Director has committed to complying with the regulation within six months if the thresholds are crossed in the future.
This is largely a procedural compliance filing and is not expected to move the stock on its own. However, the disclosed negative net worth of around Rs. 8 crore is a red flag for shareholders, indicating that accumulated losses have eroded shareholders' equity and pointing to underlying financial weakness worth monitoring.