Go Fashion (India) Limited has informed the Exchange about post Buyback Public Announcement
GOCOLORS · price
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On the reaction day the stock moved 2.1 pts more than Nifty Microcap 250 and 0.5 pts more than its Speciality Retail peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Go Fashion (India) Limited (GOCOLORS) has completed its buyback of 14,13,000 equity shares (2.62% of total equity) at ₹460 per share, for a total payout not exceeding ₹64.99 crores. The buyback was conducted through the tender offer route via the stock exchange mechanism, with the tendering window open from February 13 to February 20, 2026. The offer was oversubscribed by approximately 10.84 times, receiving 6,207 valid bids for 1.53 crore shares against 14.13 lakh shares on offer. Settlement was completed on February 27, 2026, and extinguishment of the bought-back shares is underway, to be completed by March 12, 2026. Post-buyback, the promoter group's holding rises from 52.79% to 54.20%, while the total paid-up equity capital reduces from 5,40,08,984 to 5,25,95,984 shares. Major institutional sellers included Nippon India MF, SBI Small Cap Fund, SBI Life Insurance, Templeton India Value Fund, and Sundaram MF.
This is a completed buyback with no further action for shareholders. The reduction in share count and increase in promoter holding to 54.20% are now effective. Existing shareholders may see a minor positive impact on EPS going forward due to the lower share base, though the buyback amount (₹65 crores, ~9.44% of free reserves) has already been deployed.