Oxford Industries Limited has successfully concluded its board meeting held on March 6, 2026, with the appointment of Ms. Kattakota Satyabati Devi as Additional Director. The meeting, which was previously scheduled to consider director appointment, resulted in a significant corporate governance development for the Mumbai-based textile company.

Board Meeting Outcome

The board meeting was held on Friday, March 6, 2026, at 4:00 PM at the company's registered office located at 136-B, Ansa Industrial Estate, Saki Vihar Road, Sakinaka, Andheri (East), Mumbai. The meeting commenced at 4:00 PM and concluded at 6:00 PM.

Director Appointment Details

The board has appointed Ms. Kattakota Satyabati Devi (DIN: 11586438) as an Additional Director designated as Executive-Whole-time Director of the company. The appointment is effective from March 6, 2026, for a term of 3 years, extending until March 5, 2029.

Ms. Kattakota Satyabati Devi holds a bachelor's degree and has expertise in the management field. The company has disclosed that she has no relationship with existing directors, ensuring independence in the appointment process.

Regulatory Compliance

The appointment was made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that the appointment is intended to meet and comply with provisions of the Companies Act, 2013, and SEBI (LODR) Regulations, 2015.

The board meeting outcome was communicated to BSE Limited, where the company is listed under BSE code 514414. The intimation was digitally signed by Saroj Kumar Choudhury, Managing Director (DIN: 11143083), ensuring proper documentation and regulatory compliance.

Next Steps

The appointment of Ms. Kattakota Satyabati Devi as Additional Director is subject to members' approval in the ensuing Extraordinary General Meeting (EGM). The company will need to convene an EGM to seek shareholder approval for the appointment, as required under corporate governance norms.

Oxford Industries has received a regulatory disclosure regarding a substantial share acquisition by investor Devendra Batukanath Shukla. The disclosure, filed under SEBI regulations, reveals a significant stake acquisition in the Mumbai-based company.

Transaction Details

Devendra Batukanath Shukla acquired 4,21,175 equity shares of Oxford Industries through an off-market transaction completed on December 15, 2025. The acquisition represents 7.09% of the company's total voting capital and diluted share capital.

Shareholding Pattern Changes

Prior to this acquisition, Shukla held no shares in Oxford Industries. The transaction marks his entry as a substantial shareholder in the company. Post-acquisition, his total holding stands at 4,21,175 shares, representing 7.09% of the company's equity.

Company Share Capital Structure

Oxford Industries' equity share capital remains unchanged at 59,43,350 equity shares with a face value of ₹10.00 each, totaling ₹5,94,33,500. The company's shares are listed on BSE Limited under scrip code 514414.

Regulatory Compliance

The disclosure was made under Regulation 29(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Shukla filed the mandatory disclosure with BSE Limited and the company's compliance officer on January 19, 2026. The acquirer is not part of the promoter or promoter group of Oxford Industries.

The acquired equity shares rank pari-passu with existing shares and carry standard voting rights. No encumbrances, warrants, or convertible securities were involved in this transaction.