The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on December 11, 2025 for Rahul Saraogi
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Rahul Saraogi, promoter and Managing Director of Go Fashion (India) Ltd, has created a pledge on 12,00,000 equity shares (about 2.22% of total share capital) with Kotak Mahindra Bank and IndusInd Bank as lenders, with Catalyst Trusteeship as trustee. The pledge was created on December 9, 2025, for personal borrowing purposes. Post this pledge, Rahul Saraogi's encumbered shares stand at 68,86,752 shares (12.75% of his 18.39% holding). Total promoter group holding remains at 52.79% of the company, with aggregate pledged shares at 12.75% of total share capital.
This is a new pledge creation by the promoter for personal borrowing, which marginally increases encumbered shares but the overall pledged portion remains modest at 12.75% of total share capital. Shareholders should monitor for any future pledge invocation or sharp increase in encumbrance, but this disclosure itself is a routine regulatory filing.