ENCLOSED HEREWITH DISCLOAURE UNDER REG 30 SEBI (LODR) 2015
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Oxford Industries' board, meeting on 10 July 2025, approved a cluster of changes. Mr. Saroj Kumar Choudhury (MBA, 25+ years experience) was appointed as an Additional Executive Managing Director for a 3-year term. Ms. Iranee Tripathy was appointed as an Additional Independent (Non-Executive) Director for 5 years. The existing statutory auditor, M/s RANK & Associates (appointed in 2022 for a 5-year term ending March 2027), resigned with immediate effect, stating the management wanted a different audit firm. M/s PAMS & Associates was appointed as the new statutory auditor for a 5-year term. The board also approved the disinvestment of subsidiary M/s Tampa Enterprise Private Limited.
Stacking a midterm auditor exit, multiple new director inductions, and a subsidiary divestment into a single board meeting suggests notable governance churn that shareholders should track. Retail investors should watch for the AGM notice and further rationale on the subsidiary sale and the relatively young profile of the newly inducted independent director.