PKS Family Trust has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Awaiting price reaction for this filing.
PKS Family Trust, a promoter entity of Go Fashion (India) Limited, has submitted a declaration under SEBI's Takeover Regulations to the stock exchanges. The trust confirmed that during financial year 2024-25, it did not create any new encumbrance (such as pledge or lien) on its shares, directly or indirectly, apart from any encumbrances already disclosed during the year. This is a routine annual compliance filing required from promoter entities. The declaration was signed by Gautam Saraogi, Managing Trustee of PKS Family Trust.
This is a routine compliance disclosure with no material impact on shareholders or the stock price. The promoter group's commitment of no additional pledges is mildly reassuring for retail investors concerned about promoter leverage.