National Oxygen Ltd

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.

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.

Meeting Details

• Date: 04 August 2026; Time/venue not disclosed.

Key Agenda Items

• Fix day, date, time and venue for the ensuing AGM.
• Consider and approve notice of AGM, Board's Report and Secretarial Audit Report for FY 2025-26.
• Fix the date for book closure.
• Appoint intermediary agencies like CDSL/NSDL for e-voting.
• Consider and approve appointment of Scrutinizer for e-voting.
• Adopt new Memorandum of Association (MOA) per Companies Act, 2013.

Capital action

• Board withdraws proposed preferential issue on July 15, 2026.
• Shareholders approved preferential issue on May 28, 2026 for 9.5 lakh shares at Rs 93.80.
• Withdrawal due to decline in share price and investor reservations on the issue price.
• Board may consider fresh fund-raising, including a preferential issue, in the future subject to approvals.

Dematerialisation processing and listing status

• RTA processed dematerialisation requests during the reporting period.
• Dematerialised securities were listed on stock exchanges where existing securities are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled after verification; depository name substituted as registered owner.

Promoter holding change

• Discloser: Rajesh Kumar Saraf, Promoter and Managing Director.
• Change disclosed under SEBI PIT Regulation 7(2) for National Oxygen Ltd.
• Trades executed in market on 29 and 30 June 2026.
• Post-disposal promoter equity holding reported at 33.80%.
• Intimation date: 01 July 2026.

EGM purpose

• Approve higher authorised share capital.
• Approve preferential issue of equity shares to promoter group company.

Capital increase

• Ordinary resolution increased authorised share capital from Rs.17.10 crore to Rs.18.10 crore.
• Memorandum of Association capital clause was amended accordingly.

Preferential issue

• Special resolution approved issue of 9,50,000 equity shares on preferential basis.
• Shares were to be placed with a company forming part of the promoter group.

Voting outcome

• Both resolutions were approved unanimously by e-voting.
• Capital increase received 100% votes in favour from 19 members holding 34,15,586 shares.
• Preferential issue received required special majority; 13 valid votes were in favour.

Control impact

• Preferential allotment to promoter group company may increase promoter-group holding.
• No other control change was disclosed in the filing.