Promoter Reclassification28 Apr 2026, 06:55 pm
Go Fashion: Promoter Group Seeks Reclassification to Public Category
AI Summary
Go Fashion (India) Ltd has received requests from six members of its Promoter Group, including Neha Garodia, Corona Creatives, and others, to be reclassified from 'Promoter and Promoter Group' to 'Public' shareholders. These entities currently hold NIL equity shares. The requests, made under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, will be placed before the Board of Directors for consideration. Upon Board approval, the company will seek no-objection from NSE and BSE. The applicants have declared compliance with Regulation 31A conditions, including not holding more than 10% share capital, not exercising control, and not having special rights.
Key Highlights
- Go Fashion received reclassification requests from six Promoter Group entities.
- Entities seek reclassification to 'Public' shareholder category under SEBI Regulation 31A.
- The applicants currently hold NIL equity shares in the company.
- The requests will be considered by the Board of Directors.
- Post-Board approval, applications will be made to stock exchanges.
Price Impact
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