The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mazhar N Laila
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Awaiting price reaction for this filing.
Oxford Industries Ltd promoter Mazhar N. Laila disclosed acquisition of 2,76,520 equity shares on August 22, 2025, received as a gift from his brother through inter-se transfer. His holding in the company doubled from 4.65% (2,76,480 shares) to 9.30% (5,53,000 shares). This is a revised disclosure filed on August 26, 2025, correcting the event date from an earlier August 25 filing. The company's total equity capital remains unchanged at 59,43,350 shares of Rs. 10 each, listed on BSE. Since it was an inter-se promoter family transfer, the total promoter group stake in the company is not affected.
No material impact on the stock price is expected as this is a reallocation within the promoter family rather than a fresh market purchase. However, the individual promoter now holds 9.30%, approaching the 10% substantial acquisition threshold, which may trigger further disclosure obligations if his stake changes.