Oxford Industries Limited has confirmed the successful completion of an open offer made by Saroj Kumar Choudhury. The transaction concluded on September 18, 2026, triggering the mandatory reclassification of eight existing promoter and promoter group members to the public shareholder category.

The reclassification is executed pursuant to Regulation 31A(10) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The individuals involved no longer hold any shares in the company and do not exercise control over its affairs or management.

Reclassification details

The following persons, previously classified as Promoters or part of the Promoter Group, have been moved to the Public Shareholder category. All listed individuals hold nil shares in the company.

The company stated that these individuals do not hold special rights through formal or informal arrangements, nor do they have representation on the Board of Directors. They are also not acting as Key Managerial Personnel.

Current promoter holding

Following the completion of the open offer, Saroj Kumar Choudhury remains the sole promoter of the company. His shareholding stands at 46.46% of the total equity.

What the numbers show

The data reveals a complete exit of the previous promoter group from the company's capital structure. While eight individuals were previously classified under the promoter or promoter group categories, all now hold zero shares. Consequently, the entire promoter stake is concentrated in a single individual, Saroj Kumar Choudhury, who holds 46.46% of the company. This shift indicates a consolidation of control solely with the acquirer, with no residual equity or management influence retained by the former promoter family members.

Oxford Industries Limited has disclosed the final voting results of its 45th Annual General Meeting (AGM), confirming that all nine resolutions were passed with the requisite majority.

The company released the scrutinizer’s report on September 12, 2026, detailing the outcome of remote e-voting and e-voting conducted during the meeting held on September 11, 2026. CS Suprabhat Chakraborty of Suprabhat & Co served as the scrutinizer for the process.

Voting Outcome

Shareholders voted in favour of all ordinary and special business items. The promoter group voted unanimously in favour of all resolutions, holding 2,761,576 shares. Public non-institutional shareholders showed significant opposition to the capital reduction scheme, though it still passed due to promoter support.

Capital Reduction Opposition

The resolutions regarding the scheme for reduction of share capital and its implementation faced notable dissent from public non-institutional investors. While promoters voted entirely in favour, public non-institutional shareholders cast 110,750 votes against these two special resolutions, representing 98.17% of the votes polled by that category. Despite this opposition, the resolutions secured 95.91% of the total valid votes cast, ensuring their approval.

Meeting Participation

As of the record date on September 4, 2026, the company had 5,274 shareholders. A total of 38 members attended the virtual meeting via video conferencing. Remote e-voting was available from September 8 to September 10, 2026. The total number of votes polled across all resolutions ranged between 2,598,869 and 2,709,510, reflecting varying participation levels for specific agenda items.