The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 21, 2025 for Gautam Saraogi
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On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 1.8 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.
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Go Fashion (India) promoter Gautam Saraogi has released a pledge on 2,72,600 equity shares (0.50% of total share capital) that were previously encumbered in favor of Bajaj Financial Securities Limited for personal borrowings. The release event is dated April 19, 2025, and was disclosed to the exchanges on April 21, 2025. After this release, Gautam Saraogi's individual holding stands at 99,32,320 shares (18.39%) with zero pledged shares. Overall promoter group holds 52.79% of the company, of which 58,13,600 shares (10.76%) remain pledged, mostly attributable to co-promoter Rahul Saraogi.
This is a positive signal for shareholders as a pledge release reduces the promoter's debt burden and lowers the risk of forced selling. Gautam Saraogi is now completely unencumbered on his holdings, though co-promoter Rahul Saraogi still has 10.76% of shares pledged, which remains a point to watch.