Board Meeting17 Jul 2026, 06:50 pm
Oxford Industries Board Notes Open Offer Completion, Auditor Change
AI Summary
Oxford Industries Ltd announced the completion of an open offer, which resulted in Mr. Saroj Kumar Choudhary becoming the promoter with a 46.46% stake. The company's board also accepted the resignation of its statutory auditor, M/s. PAMS & Associates, due to geographical constraints. M/s. Lipika and Associates has been proposed as the new statutory auditor for a five-year term, subject to shareholder approval. Additionally, Mr. Saroj Kumar Choudhury was appointed as the Chief Financial Officer (CFO). The board also proposed shifting the registered office from Maharashtra to Orissa and amendments to the Memorandum and Articles of Association, all pending member approval.
Key Highlights
- Open offer completed; Saroj Kumar Choudhary becomes promoter.
- Saroj Kumar Choudhary appointed as CFO.
- Resignation of statutory auditor accepted; new auditor proposed.
- Proposed shifting of registered office to Orissa.
- Proposed amendments to MOA and AOA.
Price Impact
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