Go Fashion (India) Limited has informed the Exchange regarding Re-Appointment of Mr Gautam Saraogi as Executive Director of the company for a period of five years w.e.f. November 17, 2025, subject to approval of shareholders at the ensuing 15th Annual General Meeting.
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Go Fashion reported Q1 FY26 (quarter ended June 30, 2025) revenue from operations of ₹22,282.53 lakhs, up modestly from ₹22,009.37 lakhs in Q1 FY25, but profit after tax fell sharply to ₹2,225.99 lakhs (from ₹2,865.03 lakhs), with EPS at ₹4.12 versus ₹5.30 last year. The board approved re-appointments of three Independent Directors (Srinivasan Sridhar, Dinesh Madanlal Gupta, Rohini Manian), Managing Director Prakash Kumar Saraogi, and Executive Director & CEO Gautam Saraogi, all subject to shareholder approval at the September 4, 2025 AGM. Non-Executive Director Rahul Saraogi resigned citing pre-occupation and professional commitments. In his place, Vinod Kumar Saraogi (a Saraogi family member and co-founder) was appointed as Additional Non-Executive Director. A new Secretarial Auditor, Sridharan & Sridharan Associates, was also appointed for a five-year term.
The Q1 results show flat top-line growth but a notable ~22% YoY decline in net profit, which could weigh on the stock in the short term. The board reshuffle keeps the Saraogi family firmly in control of the company, with promoter-family members occupying the MD, Executive Director/CEO, and now an additional director seat — investors should watch governance disclosures closely, though all changes require shareholder approval at the AGM.