ENCLSOED HEREWITH DISCLOURE UNDER REG 30 OF SEBI (LODR) 2015
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Oxford Industries held a board meeting on 10 July 2025 with several key decisions. Mr. Saroj Kumar Choudhury (MBA, 25+ years experience) was appointed as Additional Executive Managing Director for 3 years (till 09-07-2028), and Ms. Iranee Tripathy as Additional Non-Executive Independent Director for 5 years (till 09-07-2030), subject to shareholder approval. The company accepted the immediate resignation of statutory auditor M/s RANK & Associates (FRN: 105589W) — which still had tenure until March 2027 — and appointed M/s PAMS & Associates (FRN: 316079E) as the new statutory auditor for a 5-year term. CS Suprabhat Chakraborty was also appointed as Secretarial Auditor for FY2025-26 to FY2027-28. Additionally, the board approved the disinvestment of subsidiary M/s Tampa Enterprise Private Limited.
Shareholders should note a mid-term change of statutory auditor (RANK & Associates cited management's decision to appoint a different firm), a new Managing Director joining, and a subsidiary divestment — all in one meeting, which could raise governance questions even though individual items are routine. Watch for the AGM outcome to confirm the new MD and independent director appointments.