Oxford Industries Board Approves Management Change, Auditor Shift
Oxford Industries Ltd announced outcomes from its Board Meeting held on July 17, 2026. Key decisions include the completion of an open offer by Mr. Saroj Kumar Choudhary, who now becomes the promoter and Managing Director with a 46.46% stake. The existing promoter, Mr. Mazher N Laila, and his PACs have ceased to be promoters. The Board also accepted the resignation of M/s. PAMS & Associates as Statutory Auditor due to geographical constraints and proposed the appointment of M/s. Lipika and Associates for a five-year term, subject to shareholder approval. Additionally, Mr. Saroj Kumar Choudhury was appointed as CFO, and the company proposed shifting its registered office from Maharashtra to Orissa and amending its Memorandum and Articles of Association, all subject to member approval.
Key Highlights
- Saroj Kumar Choudhary becomes promoter and MD; holds 46.46% stake.
- Existing promoter Mazher N Laila and PACs reclassified as public shareholders.
- M/s. Lipika and Associates proposed as new Statutory Auditor for 5 years.
- Company proposes shifting registered office from Maharashtra to Orissa.
- Saroj Kumar Choudhury appointed as Chief Financial Officer (CFO).
Price Impact
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