Go Fashion (India) Limited has informed the Exchange regarding 'BUSINESS RESPONSIBILITY & SUSTAINABILITY REPORT'.
GOCOLORS · price
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Awaiting price reaction for this filing.
Go Fashion (India) Limited, which sells women's bottom wear under its brand 'Go Colors', filed its BRSR for FY24-25 as part of the annual report. Revenue stood at ₹848.16 crore with a net worth of ₹697.37 crore; the company employs 5,410 permanent staff (53% women) and operates only in India across 21 states and 3 union territories. Customer complaints fell to 2,533 from 3,545 the previous year and employee grievances dropped to zero from 11, though total employee turnover remained high at 70% (79% for women). ESG progress includes upgrading all lighting to LEDs, installing a 10KW solar system at the corporate office (operational since August 2024), and rolling out a Supplier Code of Conduct across ~135 suppliers. The company paid minor regulatory penalties totalling about ₹2.35 lakh (income tax, GST and labour) and reports no related-party transactions.
This is a routine regulatory ESG disclosure rather than a market-moving event, so it is unlikely to materially affect the stock price. Shareholders gain visibility into sustainability practices and governance, though the very high employee turnover and dependence on top dealers (95.94% of dealer sales) are points worth monitoring.