Announced Wed, 15 Jul · 16:54 IST
Withdrawal of proposed preferential share issue
Fund Raising View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-4.0%1-day move
₹61.00
prior close
₹63.00
base price
After-mkt
timing
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AI summary
National Oxygen Limited's Board has withdrawn its proposed preferential issue of 9,50,000 equity shares at Rs 93.80 each (total about Rs 8.91 crore) to promoter group entity Saraf Housing Development. The proposed investor raised concerns due to a significant decline in the share price since shareholder approval in May 2026. The company says this will not materially impact operations and may revisit fund-raising at an appropriate time.
Likely market impact
No immediate cash inflow from this expected deal; planned capital raise delayed but business operations remain unaffected.