Go Fashion (India) Limited has informed the Exchange regarding Change in Director(s) of the company.
GOCOLORS · price
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Awaiting price reaction for this filing.
Go Fashion (India) Limited, the women's bottom-wear brand (Go Colors), announced its Q1 FY26 (quarter ended June 30, 2025) unaudited results, reporting revenue from operations of Rs. 222.83 crore (up marginally from Rs. 220.09 crore in Q1 FY25) and profit after tax of Rs. 22.26 crore (down about 22% from Rs. 28.65 crore year-on-year), with EPS of Rs. 4.12. The Board approved the re-appointment of three Independent Directors (Srinivasan Sridhar, Dinesh Gupta, Rohini Manian) and two executive directors (Managing Director Prakash Kumar Saraogi and Executive Director & CEO Gautam Saraogi) for fresh 5-year terms. Mr. Rahul Saraogi resigned as Non-Executive Non-Independent Director citing pre-occupation and other professional commitments. The Board also appointed Mr. Vinod Kumar Saraogi (co-founder and promoter family member) as an Additional Director and M/s. Sridharan & Sridharan Associates as the new Secretarial Auditor for five years. The 15th AGM is scheduled for September 4, 2025.
The results show flat revenue growth and a notable decline in profitability, which could weigh on short-term sentiment. The promoter family's continued control (with Vinod Kumar Saraogi joining the board) provides stability, while Rahul Saraogi's exit and governance-related changes are routine and unlikely to materially impact the stock. Shareholders will need to approve all re-appointments and the new secretarial auditor at the upcoming AGM.