Submission of Scrutinizer Report for the EGM held on 28th May 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
National Oxygen Ltd held an EGM on 28th May 2026 where shareholders approved two key resolutions. First, the company will increase its authorised share capital from Rs. 17.10 crores to Rs. 18.10 crores, with corresponding changes to the Memorandum of Association. This passed with 100% voting support (19 members, 34,15,586 shares). Second, the company approved issuance of 9,50,000 equity shares on preferential basis via private placement to a promoter group company, which passed as a Special Resolution (13 members voted in favor). The scrutinizer, CS Vasudevan from Lakshmmi Subramanian & Associates, verified the e-voting process conducted between 25th-28th May 2026.
The capital increase and preferential share issuance to promoters indicate potential dilution for existing shareholders. The 9.5 lakh new shares being issued to the promoter group will increase the total share capital, reducing percentage ownership of current shareholders.