Oxford Industries Board Approves 99% Share Capital Reduction

Oxford Industries Ltd's Board of Directors met on August 8, 2026, approving the un-audited standalone financial results for Q1 FY27 and noting the resignation of Mrs. Kattakota Satyabati Devi as Whole Time Director, who will continue as a Non-Executive Director. The board also approved a significant 99% reduction in the company's share capital, subject to shareholder approval, to offset accumulated business losses amounting to ₹12.95 crore as of March 31, 2026. The 45th Annual General Meeting is scheduled for September 11, 2026, with a record date of September 4, 2026, and book closure from September 5-11, 2026. The shifting of the registered office was deferred.