Oxford Industries plans 99% share capital cut to wipe out losses

Corporate Actions View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+4.9%Reaction day

₹10.16

prior close

₹10.66

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.6%+5.5% vs market

Other Textile Products peers, median of 185sector-0.7%+5.6% vs sector

On the reaction day the stock moved 5.5 pts more than Nifty Microcap 250 and 5.6 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

+0.0

15m

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30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.9-0.6+5.5-0.7+5.6

Next day

+10.1-0.1+10.2-0.2+10.3

+15.6+0.2+15.4+0.0+15.6

+21.3+0.4+20.8-0.5+21.8

+27.3+0.0+27.3-0.3+27.5

+33.6+0.6+33.0-0.5+34.1

+47.1+0.7+46.5+0.3+46.8

15d

+65.0+1.5+63.5-0.6+65.5

+43.6+0.2+43.4-1.7+45.3

-16.0-3.7-12.3-4.1-12.0

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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 185Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Oxford Industries filed a scheme with BSE to reduce its paid-up share capital by about 99 percent, from Rs. 5.94 crore to Rs. 5.94 lakh, to write off accumulated losses of around Rs. 12.95 crore. The cut applies pro-rata across all shareholders, so percentage holdings stay the same. No cash is paid to shareholders and creditors are not affected. The scheme needs shareholder approval and NCLT sanction.

Likely market impact

Share count drops sharply pro-rata but each shareholders percentage stake stays same. Awaiting NCLT and shareholder approval before it becomes effective.