Navigant Corporate Advisors Limited, acting as Manager to the Offer, has submitted a Pre-Offer Advertisement to BSE Limited on behalf of acquirer Saroj Kumar Choudhury regarding an open offer for acquisition of equity shares in Oxford Industries Limited (OIL).
Offer Details
- Acquirer: Saroj Kumar Choudhury
- Target Company: Oxford Industries Limited (Corporate Identification No.: L17112MH1980PLC023572)
- Offer Size: Up to 15,45,271 equity shares of ₹10 each
- Percentage: 26.00% of the fully paid up and voting share capital
- Offer Price: ₹5.00 per fully paid-up equity share payable in cash
- Total Offer Value: ₹77,26,355 (based on maximum acceptance)
Independent Committee Recommendation
- Committee of Independent Directors of Oxford Industries Limited opined that the Offer Price of ₹5.00 is in accordance with relevant regulations and prima facie justified
- This recommendation was published in newspapers on 10th June 2026
Competitive Situation
- No competitive bid has been received for this offer
Document Status
- Dispatch of Letter of Offer to all public shareholders was completed on 4th June 2026
- Draft Letter of Offer submitted to SEBI on 30th March 2026
- SEBI provided final observations vide letter dated 26th May 2026, which have been incorporated in the Letter of Offer
- No material changes from the date of Public Announcement
Revised Schedule of Activities
| Activity | Original Date | Revised Date |
| Public Announcement | 12.03.2026 (Thursday) | 12.03.2026 (Thursday) |
| Publication of Detailed Public Statement | 20.03.2026 (Friday) | 20.03.2026 (Friday) |
| Submission to BSE, Target Company & SEBI | 20.03.2026 (Friday) | 20.03.2026 (Friday) |
| Last date for filing draft letter of offer with SEBI | 30.03.2026 (Monday) | 30.03.2026 (Monday) |
| Last date for a Competing offer | 16.04.2026 (Thursday) | 16.04.2026 (Thursday) |
| Receipt of comments from SEBI | 23.04.2026 (Thursday) | 26.05.2026 (Tuesday) |
| Identified date* | 27.04.2026 (Monday) | 29.05.2026 (Friday) |
| Dispatch of letter of offer to shareholders | 05.05.2026 (Tuesday) | 05.06.2026 (Friday) |
| Last date for revising Offer Price | 08.05.2026 (Friday) | 10.06.2026 (Wednesday) |
| Comments from Independent Directors Committee | 08.05.2026 (Friday) | 10.06.2026 (Wednesday) |
| Advertisement of schedule | 11.05.2026 (Monday) | 11.06.2026 (Thursday) |
| Opening of Offer | 12.05.2026 (Tuesday) | 12.06.2026 (Friday) |
| Closure of Offer | 25.05.2026 (Monday) | 25.06.2026 (Thursday) |
| Post Offer Advertisement | 02.06.2026 (Tuesday) | 03.07.2026 (Friday) |
| Payment of consideration | 09.06.2026 (Tuesday) | 10.07.2026 (Friday) |
| Final report from Merchant Banker | 16.06.2026 (Tuesday) | 17.07.2026 (Friday) |
*Identified Date is for determining shareholder names eligible to participate. All owners of equity shares (except Acquirer, Sellers, Promoter and Promoter Group) are eligible to participate any time before closure.
Additional Information
- Letter of Offer available on SEBI website (www.sebi.gov.in) and Manager's website (www.navigantcorp.com)
- Shareholders can apply on plain paper by approaching their respective Broker/Selling Broker
- Manager to the Offer: Navigant Corporate Advisors Limited (SEBI Registration No: INM000012243)
- Contact Person: Mr. Sarthak Vijlani
All capitalized terms not defined herein have the same meaning as in the Public Announcement, Detailed Public Statement, and Letter of Offer.