OUTCOME OF MEETING OF COMMITTEE OF INDEPENDENT DIRECTORS
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The Committee of Independent Directors (CID) of Oxford Industries Ltd met on June 9, 2026, to review an open offer made by acquirer Saroj Kumar Choudhury. The offer is to acquire up to 15,45,271 equity shares (26% of the paid-up voting share capital) at Rs. 5 per share, following a Public Announcement dated March 12, 2026, and a Letter of Offer dated May 30, 2026. After discussion and analysis, the CID has concluded that the open offer is fair and reasonable. The chairperson Aakansha Vaid signed off on the recommendation.
Shareholders can now make informed decisions on whether to tender their shares, with the Independent Directors' endorsement providing a fairness validation for the Rs. 5 per share offer price. The recommendation may increase confidence in the offer for retail investors weighing their exit options.