Go Fashion (India) Limited has informed the Exchange about Regulation 30 read with Regulation 31A (8) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Receipt of request for reclassification from Promoter and Promoter Group category to Public category
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Go Fashion (India) Limited received requests from 6 Promoter Group entities/persons seeking reclassification to the Public category under SEBI LODR Regulations. The applicants include Neha Garodia, Corona Creatives, Corona International, Corona Steel Industry Private Limited, Priyanka Vivek Taparia, and Ava Living LLP. Notably, all these entities currently hold NIL (zero) equity shares in the company. The request has been submitted pursuant to Regulation 31A of SEBI LODR Regulations and will now be placed before the Board of Directors for consideration. After Board approval, the company will seek no-objection certificates from both NSE and BSE before the reclassification is completed.
This announcement indicates that certain inactive or disassociated promoter group members are formally exiting the promoter category. Since all applicants hold zero shares, this reclassification will have no immediate impact on the shareholding structure or stock price, but it reflects a cleanup of the company's promoter register.