ENCLSOED HEREWITH DISLCOURE UNDER REG 30 OF SEBI (LODR) 2015
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At a board meeting on July 10, 2025, Oxford Industries approved several key changes. Mr. Saroj Kumar Choudhury was appointed as Additional Executive Managing Director for a 3-year term, and Ms. Iranee Tripathy was appointed as Additional Non-Executive Independent Director for a 5-year term, both subject to shareholder approval. The company also accepted the mid-term resignation of its statutory auditor M/s RANK & Associates and appointed M/s PAMS & Associates as the new statutory auditor for a 5-year term. Additionally, CS Suprabhat Chakraborty was appointed as Secretarial Auditor for FY 2025-26 to 2027-28, and the board approved the disinvestment of subsidiary M/s Tampa Enterprise Private Limited.
Shareholders should note a major leadership reshuffle with a new Managing Director coming on board, a mid-term statutory auditor change (which often warrants closer scrutiny of any audit-related concerns), and a subsidiary divestment. These changes may bring short-term uncertainty but are aimed at compliance and corporate restructuring.