Submission of 23(9) - Non Applicability Certificate
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Awaiting price reaction for this filing.
National Oxygen Ltd has informed BSE that it is not required to file the half-yearly consolidated disclosure of Related Party Transactions under SEBI's Regulation 23(9) for the period ended March 31, 2025. The company qualifies for this exemption under Regulation 15(2) of SEBI LODR because its paid-up equity share capital of Rs. 5.04 crore is below the Rs. 10 crore threshold, and its net worth stands at a negative Rs. 8.01 crore, well below the Rs. 25 crore threshold. The company has stated that it will comply with the disclosure requirements within six months if its capital or net worth crosses the prescribed limits in the future.
This is a routine procedural filing and is unlikely to move the stock price on its own. However, the negative net worth of Rs. -8.01 crore is a significant financial red flag that existing and prospective shareholders should note, as it indicates the company's liabilities exceed its assets.