Prakash Kumar Saraogi 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.
Prakash Kumar Saraogi, a promoter of Go Fashion (India) Limited, has filed a routine annual disclosure with the stock exchanges under Regulation 31(4) of SEBI's Takeover Regulations, 2011. In this declaration, he confirms that during the financial year 2024-25, he has not created any encumbrance (pledge, charge, or lien) on the shares he holds in the company, either directly or indirectly. This is a mandatory yearly filing required from promoters and is not triggered by any specific transaction or event. The filing carries no quantitative figures since it is a negative declaration (no encumbrance made).
This is a routine compliance filing with no material impact on the stock price. It is mildly reassuring for retail investors as it confirms the promoter has not pledged his shares, indicating no immediate funding stress or leveraged position on his holdings.