The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Catalyst Trusteeship Ltd
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Catalyst Trusteeship Ltd, acting as Security Trustee for a lender, has released 11,16,848 pledged shares of Go Fashion (India) Ltd, which were originally pledged by Rahul Saraogi. The encumbered (pledged) shares have come down from 37,58,600 shares (6.96% of total share capital) to 26,41,752 shares (4.89%). The release was effected on July 21, 2025, and disclosed under SEBI SAST Regulation 29(2). Catalyst Trusteeship is not classified as a promoter, but Rahul Saraogi (the pledgor) is associated with the promoter group. The total share capital of the company remains unchanged at 5,40,08,984 equity shares.
This pledge release is a mildly positive signal for shareholders, as it reduces the encumbered stake from 6.96% to 4.89%, lowering the risk of forced selling in the open market. It suggests reduced financial pressure on the pledgor, though a meaningful portion of shares remains pledged.