Go Fashion (India) Limited has informed the Exchange regarding Resignation of Mr Rahul Saraogi as Non- Executive Director of the company w.e.f. August 01, 2025.
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Go Fashion (India) Limited reported its unaudited Q1 FY26 results with revenue from operations of ₹22,282.53 lakhs, a marginal rise from ₹22,009.37 lakhs in Q1 FY25. However, profit after tax fell sharply to ₹2,225.99 lakhs from ₹2,865.03 lakhs, and EPS dropped to ₹4.12 from ₹5.30. The Board approved re-appointments of Managing Director Prakash Kumar Saraogi, Executive Director & CEO Gautam Saraogi, and three independent directors for fresh five-year terms. Co-founder Vinod Kumar Saraogi (brother of MD Prakash Kumar Saraogi) was inducted as an Additional Non-Executive Director, while Rahul Saraogi stepped down as Non-Executive Director citing pre-occupation. The 15th AGM is scheduled for September 4, 2025.
Weaker Q1 earnings with profit declining over 22% year-on-year despite flat topline growth may pressure the stock in the short term. The board reshuffle is largely a family-led transition, with a co-founder entering and a non-executive director exiting, which keeps leadership continuity intact but raises the promoter family's board footprint further.