Go Fashion Promoter Rahul Saraogi Pledges 16.25 Lakh Shares
Rahul Saraogi, a promoter of Go Fashion (India) Ltd, has disclosed the creation of an encumbrance on 16,25,000 equity shares, representing 3.08% of his total shareholding. The shares were pledged on August 13, 2026, with Bajaj Financial Securities Limited acting as the lender and trustee. This disclosure is made in accordance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Saraogi's total shareholding in the company stands at 99,32,320 shares, or 18.88% of the total share capital, prior to this pledge. The encumbrance is for creation of pledge, with the reason cited as collateral for loans. This action impacts the promoter's direct control over a portion of their stake.
Key Highlights
- Promoter Rahul Saraogi pledged 16.25 lakh Go Fashion shares.
- The pledged shares represent 3.08% of total share capital.
- Bajaj Financial Securities is the lender for the pledge.
- Disclosure made under SEBI Takeover Regulations.
- Promoter's total holding is 18.88% pre-pledge.
Price Impact
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