Gautam Saraogi has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Gautam Saraogi, a promoter of Go Fashion (India) Limited, has filed a mandatory annual disclosure under Regulation 31(4) of the SEBI Takeover Regulations, 2011. In this filing, he declares that during financial year 2024-25, he has not created any new encumbrance (such as a pledge or lien) on the company's shares, directly or indirectly, apart from any encumbrances already disclosed earlier. This is a routine compliance submission required from promoters on a yearly basis.
This is a neutral, compliance-driven disclosure and is unlikely to have any material impact on the stock price. It simply confirms that the promoter has not pledged or otherwise encumbered additional shares, which is generally viewed as a positive sign of stability.