Announced Fri, 17 Jul · 18:08 IST
Oxford Industries: New Promoter, 99% Capital Cut, Auditor and CFO Change
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-9.7%1-day move
₹8.85
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-9.7-14.1-18.4-22.5-26.3—————
Up moveDown movePending
AI summary
Board approved change of promoter: Saroj Kumar Choudhary acquires 46.46 percent stake (27.6 lakh shares), becomes new MD. PAMS and Associates resigned as auditor citing location issues; Lipika and Associates appointed for 5 years. Capital reduction of 99 percent proposed due to accumulated losses. Registered office shifting from Maharashtra to Orissa. MOA amended to add healthcare and pharma business.
Likely market impact
Major ownership change, 99 percent capital cut signals serious financial trouble; business pivot to healthcare and pharma. High risk.