Change in Registered office within local limits of the city
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Oxford Industries Ltd's board met on August 12, 2025 and approved unaudited results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations was NIL, while total income stood at ₹32.55 lakhs (vs ₹17.20 lakhs in Q4 FY25 and ₹60.13 lakhs in Q1 FY25), coming entirely from 'other income.' Profit after tax rose sharply to ₹28.08 lakhs (vs ₹0.69 lakhs in Q1 FY25), with EPS at ₹0.47. The board accepted the resignation of Managing Director Mazher Nuruddin Laila (who continues as Executive Director) and Independent Director Quaid Mohammed Hararwala, citing personal reasons. Mr. Manas Dash was appointed as Internal Auditor for FY 2025-26, and the registered office was shifted within Mumbai from M. Karve Road to Saki Vihar Road, Andheri East. The 44th AGM is scheduled for September 16, 2025. The document also notes that the previous statutory auditor resigned at management's request effective July 10, 2025, with M/s Pams & Associates appointed as the new statutory auditor.
The company shows zero operating revenue, relying entirely on other income to show profit — a weak operating profile. The mid-year change of statutory auditor, exit of the Managing Director, and resignation of an Independent Director raise governance concerns for shareholders, though the headline PAT growth is on a very small base and not from core operations.