Oxford Industries Ltd Management Discussions

1. COMPANY AND INDUSTRY STRUCTURE AND DEVELOPMENT:

The company is operative in textile segment but does not have any manufacturing facility now. The company has revived its operations from last quarter of previous financial year after OTS and withdrawal of DRT case.

The revenue from operations for the current FY 24-25 was Rs. 227.17 lakhs and net loss was Rs. 50.31 lakhs. The company presently engaged in the business of shirting fabrics.

After completing OTS (One Time Settlement) with all five lenders during year 202021 and 2021-22, the recovery case filed by Indian Bank consortium under application no. 24 of 2011 before Debt Recovery Tribunal (DRT) No.2, Mumbai was withdrawn as approved by DRT-2 Mumbai in order dated 18th May, 2022. The company revived its operations from the last quarter of previous financial year and hopes to continue its operations in foreseeable future.

The Company has proper and adequate systems of internal controls.

The Company regards the human resource and considers them as most valuable asset of the organization and the key to bring in progress.

Statements in this report on Management Discussion and Analysis describing the Companys objectives, expectations or predictions may be forward looking statements within the meaning of applicable security laws or regulations. These statements are based on certain assumptions and expectations of future events. Actual results could however differ materially from those expressed or implied. Important factors that could make a difference to the Companys operations include global and domestic demand-supply conditions, finished goods prices, raw material costs and availability, changes in Government regulations and tax structure, economic developments within India and the countries with which the Company has business contacts and other factors such as litigation and industrial relations. The Company assumes no responsibility in respect of forward looking statements herein

which may undergo changes in future on the basis of subsequent developments, information or events