Oxford Industries: Audit Qualification on Going Concern Basis

Oxford Industries Ltd has submitted its Statement of Impact of Audit Qualification for the year ended March 31, 2026. The statutory auditor issued a qualified opinion due to significant accumulated losses of ₹21,295.40 lakhs and negative working capital of ₹186.78 lakhs, raising doubts about the company's ability to continue as a going concern. However, management is confident due to promoter support commitments and an upcoming open offer by a new promoter to inject funds, which is expected to resolve liquidity and working capital issues.