Oxford Industries Board Approves 99% Share Capital Reduction

Oxford Industries Ltd announced that its Board of Directors has approved a significant 99% reduction in the company's paid-up share capital, subject to shareholder approval at the upcoming Annual General Meeting (AGM). This move is intended to address accumulated business losses. The company also approved the un-audited standalone financial results for the quarter ended June 30, 2026. Additionally, the board approved the regularization of Mrs. Kattakota Satyabati Devi as a Non-Executive Director and noted her resignation as Whole-Time Director. The 45th AGM is scheduled for September 11, 2026, with e-voting facility to be provided.