ENCLOSED HEREWITH ANNOUNCEMENT UNDER REG 30 OF SEBI (LODR) 2015
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Oxford Industries' board, which met on July 10, 2025, cleared several major changes in a single sitting. Mr. Saroj Kumar Choudhury, an MBA with over 25 years of experience, was appointed as the new Managing Director (Executive) for a 3-year term. Ms. Iranee Tripathy was appointed as an Independent (Non-Executive) Director for 5 years. Statutory auditor M/s RANK & Associates resigned mid-term — well before their original 5-year tenure (FY 2022 to 2027) was due to end — and has been replaced by M/s PAMS & Associates for a fresh 5-year term. A new Secretarial Auditor, CS Suprabhat Chakraborty, was also appointed for FY 2025-26 to 2027-28. Lastly, the board approved the disinvestment of subsidiary M/s Tampa Enterprise Private Limited.
Shareholders should note a top-level leadership change at the company along with a mid-term auditor switch, both of which warrant close monitoring for any governance or financial implications. The disinvestment of the subsidiary will reduce the group's consolidated structure going forward.