Go Fashion (India) Limited has informed the Exchange regarding Re-appointment of Mr Srinivasan Sridhar as Non- Executive Independent Director of the company for a second term of five consecutive years w.e.f. July 22, 2026, subject to approval of shareholders at the ensuing 15th Annual General Meeting.
GOCOLORS · price
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Go Fashion (Go Colors) reported Q1 FY26 results with revenue from operations at Rs 222.83 crore, up about 1.2% year-on-year, but net profit fell roughly 22% to Rs 22.26 crore versus Rs 28.65 crore in Q1 FY25. EPS stood at Rs 4.12 compared to Rs 5.30 a year ago, reflecting margin pressure. The board approved second 5-year re-appointments of Managing Director Prakash Kumar Saraogi, Executive Director & CEO Gautam Saraogi, and three Independent Directors (Srinivasan Sridhar, Dinesh Madanlal Gupta, Rohini Manian), all subject to shareholder approval at the September 4, 2025 AGM. Non-Executive Director Rahul Saraogi resigned on August 1, 2025 citing pre-occupation, and was replaced by his father Vinod Kumar Saraogi (co-founder and brother of MD Prakash Kumar Saraogi) as Additional Director. M/s. Sridharan & Sridharan Associates was also appointed as Secretarial Auditor for a 5-year term.
Q1 results show weak earnings despite stable revenue, which may weigh on short-term sentiment. The reshuffle keeps the Saraogi family firmly in control of the board, with continuity at the top through re-appointment of the MD and CEO. Shareholders will vote on all re-appointments and the new auditor at the September 4 AGM.