The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 03, 2025 for Rahul Saraogi
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Rahul Saraogi, promoter and Managing Trustee of Go Fashion (India) Ltd, has disclosed creation of a new pledge on 4,00,000 equity shares (0.74% of total share capital) in favour of Union Bank of India, with Beacon Trusteeship Limited acting as trustee, on March 26, 2025. The pledge was created for personal borrowings. After this creation, his total pledged shares stand at 58,13,600 (10.76% of total share capital). Rahul Saraogi personally holds 99,32,320 shares (18.39% of the company), meaning roughly 58.5% of his personal shareholding is now encumbered. The earlier pledged position before this event was 54,13,600 shares (10.02% of total share capital).
This is an incremental pledge creation, not an invocation or release. With over half of Rahul Saraogi's personal holding now pledged, retail investors should monitor further encumbrance activity, as rising pledge levels can be an early warning signal of promoter financial stress and risk of forced sale in case of loan default.