The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on July 29, 2025 for Rahul Saraogi
GOCOLORS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Promoter Rahul Saraogi has reported two encumbrance events on his holding in Go Fashion (India) Ltd. On 21 July 2025, 11,16,848 shares (about 2.07% of share capital) were released from a pledge held with Kotak Mahindra Bank and IndusInd Bank (trustee: Catalyst Trusteeship). On 25 July 2025, a fresh pledge of 1,50,000 shares (0.28% of share capital) was created in favour of Indian Overseas Bank. Net effect: his pledged shares fell from 58,13,600 (10.76%) to 48,46,752 (8.97%) of total share capital. Rahul Saraogi personally holds 99,32,320 shares (18.39%), and total promoter group holding stands at 2,85,08,648 shares (52.79%).
Net reduction in pledged shares is a mild positive for shareholders, as it eases the promoter's overall debt burden and reduces forced-sale risk. The total promoter pledge of 8.97% remains comfortably low and is not a concern.