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

Promoter pledge above 50%Ownership Changes View source PDF Explain this filing

GOCOLORS · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-4.8%Reaction day

₹725.00

prior close

₹729.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-3.6%-1.2% vs market

Speciality Retail peers, median of 12sector-1.7%-3.1% vs sector

On the reaction day the stock moved 1.2 pts less than Nifty Microcap 250 and 3.1 pts less than its Speciality Retail peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-2.0

10m

-2.8

15m

-2.4

30m

-2.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.8-3.6-1.2-1.7-3.1

Next day

-4.5-7.8+3.3-6.5+2.1

-4.4-5.6+1.1-6.1+1.6

-5.3-6.8+1.6-8.2+2.9

-3.3-3.6+0.3-3.8+0.5

+0.8-0.5+1.2-0.2+1.0

+1.0+1.1-0.1-1.3+2.3

15d

+9.6-1.2+10.8-2.0+11.6

+25.6+0.2+25.4-0.2+25.8

+19.6+11.1+8.5-1.6+21.2

+24.5+14.5+10.0+3.0+21.5

UpDownMarket · Nifty Microcap 250Sector · Speciality Retail peers, median of 12Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

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).

Likely market impact

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.