National Oxygen Ltd

National Oxygen Ltd – Closure of Trading Window

AGM details

• Date and mode: 28 August 2026, 11:30 AM, via VC/OAVM.
• End time: 11:48 AM.
• Record date: 21 August 2026; total shareholders on record: 3,906.

Ordinary resolutions

• Adoption of audited financial statements for year ended 31 March 2026 — passed.

Director changes

• Re-appointment of Rajesh Kumar Saraf by rotation — passed.

Special resolutions

• Adopt MOA as per Companies Act 2013 — passed.
• Adopt AOA as per Companies Act 2013 — passed.
• Approve sale of SIPCOT-Perundurai unit assets — passed.
• Approve sale of Pondicherry unit plant and machinery — passed.

AGM Details

• 51st AGM held on 28 August 2026 at 11:30 AM via video conference.
• Meeting commenced 11:30 AM and concluded 11:48 AM; 15 minutes for e-voting.
• Attendance: 53 members attended; 11 shareholders spoke.
• Mode: through video conference and audio-visual means.

Resolutions & Scope

• Resolutions included sale of land/assets, dividend, and bonus issue.
• Finalisation of land/assets sale to be intimated to stock exchanges.
• Dividend matter discussed; further action to be considered in the future.
• Bonus issue discussed; to be considered at an appropriate future date.

Outcomes & Governance

• All resolutions passed with requisite majority.
• Key management attended via VC: MD, independent directors, CFO, Company Secretary.
• Statutory Auditor PSDY & Associates attended via VC.
• Secretarial and Internal Auditors attended via VC.

Other Notes

• Typographical correction in Statement of Changes in Equity; no financial impact.

Financial results approved

• Approved unaudited standalone results for quarter ended 30 June 2026 with the limited review report.
• Audit committee reviewed results; board approved; copies enclosed; newspaper release planned.
• Standalone results prepared under Ind AS; no consolidated results mentioned.
• Limited Review Report by PSDY & Associates enclosed; no material misstatement noted.

Filing context

• Issuer: National Oxygen Ltd; filing category: Board Meeting.

AGM details

• Issuer: National Oxygen Ltd; scrip code 507813; no date/time mode disclosed.
• No resolutions, dividend, or voting results disclosed in this chunk.
• No AGM date, time, venue, or record date available.

Key dates and actions

• AGM on 28 August 2026 at 11:30 IST via VC/OAVM.
• Book closure from 22 August 2026 to 28 August 2026 (inclusive).
• Record/cut-off date for e-voting: 21 August 2026.
• E-voting period: 25 August 2026 09:00 IST to 28 August 2026 17:00 IST.
• Security: Equity shares of National Oxygen Limited.
• Purpose: Closure supports AGM voting and share transfer entitlement.

Financial performance

• Revenue from operations: 2,296.12 Lakhs, down from 4,058.18.
• Other income: 75.77 Lakhs.
• Profit before interest and depreciation: (256.01) Lakhs.
• Finance costs: 141.26; Depreciation: 231.32.
• Profit before tax: 183.66 Lakhs; exceptional item: 812.26.
• Profit after tax: 183.66 Lakhs; total comprehensive income: 190.40.
• EPS (basic/diluted): 3.64; prior year: (13.89).
• Net worth: Equity negative at (610.53) Lakhs.

Operations & capacity

• Perundurai SIPCOT unit production discontinued 12 May 2025; asset sale contemplated.
• Pondicherry Liquid Production Unit closed 7 Apr 2026; possible sale of assets.
• Proceeds to repay bank borrowings and meet working capital needs.
• Purchaser/lessee to be identified via formal process; disclosures to stock exchanges as required.
• Puducherry Unit continues operations; Gas Filling Unit, Nitrous Oxide Plant, and Mathur cylinder filling run at capacity.
• Company operates a single manufacturing segment; domestic Indian market only.
• Management to pursue suitable opportunities while monitoring regulatory and economic developments.

Capital structure & liquidity

• Non-current borrowings: 2,278.50; Current borrowings: 585.75.
• Total borrowings: 2,864.25.
• Equity negative: (610.53) Lakhs; net worth erosion evident.
• Cash & cash equivalents: 54.96; Operating cash flow: (108.91).
• Investing cash flow: 454.88; Financing cash flow: (346.56).
• Outstanding LC/bank guarantees: 488.13.
• Key ratios: Current ratio 0.44; Debt-equity ratio (4.69); Debt service coverage 1.26.
• Dividend not declared for 2025-26.

Related party & governance

• Related party transactions: Sale of products to ECA Gases LLP; purchases from ECA Gases LLP.
• Interest paid to Saraf Housing Development Private Limited: 87.42.
• Managerial remuneration (KMP): 63.22; Rent paid: 31.20.
• Promoter holdings: Rajesh Kumar Saraf 39.00%; Sarita Saraf 9.95%; Saraf Housing Dev 9.78%.
• Promoter group total held: 69.63% as at 31-03-2026.
• Board changes: demise of Gajanand Saraf; Rajesh Kumar Saraf proposed for re-appointment; preferential issue withdrawn.

Audits & internal controls

• Statutory auditors: PSDY & Associates; five-year term through 2027.
• Secretarial auditors: Lakshmmi Subramanian & Associates; five-year term through 2030.
• Internal audit: R. Bala Subramanian; Audit Committee reviews findings.
• No frauds reported by auditors during the year.
• Directors’ disqualification: MCA certificate confirms none disqualified.

Contingent liabilities & commitments

• Contingent liabilities include excise, customs, GST, and income tax as disclosed.
• Specific amounts: Excise 31.56; Customs 88.24; GST 34.33; Income tax 112.94.
• Outstanding LC/bank guarantees: 488.13.
• Capital commitments: Nil.

Regulatory disclosures & notable events

• Employee benefits: net expense 5.02; defined benefit obligation 86.70.
• Lease accounting: Right-of-use assets and lease liabilities recognized; current lease liability zero.
• Revenue recognition: Ind AS 115 applied; revenue net of discounts, taxes, and returns.
• Equity share capital: 50,42,385 shares; paid-up capital ₹504.24 Lakhs.
• Promoters’ shareholding as of 31-03-2026 shown; substantial promoter presence.
• Corporate governance guidance: Not applicable for 2025-26; non-applicability communicated to BSE.

AGM notices, approvals and MOA/AOA changes

• Notice of 51st AGM on 28 August 2026 at 11:30 A.M. via video conference approved.
• Annual Report including Directors' Report, Secretarial Audit Report and Independent Auditor's Report approved.
• Book Closure from 22 August 2026 to 28 August 2026 approved.
• Adoption of MOA per Companies Act 2013; subject to Special Resolution at AGM and ROC approval.
• Adoption of AOA per Companies Act 2013; subject to Special Resolution at AGM.
• Appointment of CDSL for e-voting at AGM.
• Appointment of M/S Lakshmi Subramanian & Associates as EVoting Scrutinizers.

Asset disposal proposals subject to shareholder approval

• Sale/Transfer/Disposal of SIPCOT Perundurai unit assets to be approved by shareholders.
• Sale/Transfer/Disposal of Plant and Machinery (Liquid Unit) at Pondicherry unit to be approved by shareholders.