Oxford Industries Limited disclosed the outcome of the meeting of its Committee of Independent Directors held on June 09, 2026 regarding an open offer by Saroj Kumar Choudhury (the Acquirer).
The Committee discussed, analyzed, and reviewed the open offer made pursuant to:
- Public Announcement dated March 12, 2026
- Detailed Public Statement dated March 19, 2026 (published on March 20, 2026)
- Letter of Offer dated May 30, 2026
The open offer involves the acquisition of up to 15,45,271 equity shares of ₹10 each, representing 26.00% of the fully paid-up and voting share capital of Oxford Industries Limited.
The offer price is set at ₹5 per fully paid-up equity share.
After review, the Committee of Independent Directors concluded that the open offer is fair and reasonable.
The communication was signed by Aakansha Vaid, Chairperson of the Committee of Independent Directors (DIN: 02796417), on behalf of Oxford Industries Limited.