Go Fashion (India) Ltd

Go Fashion (India) Ltd has announced that its Board of Directors will convene on July 30, 2026. The primary agenda item for this meeting is to consider and approve the company's unaudited financial results for the quarter ending June 30, 2026. This announcement is made in compliance with SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Go Fashion (India) Ltd has announced the closure of its trading window for designated persons. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The window will be shut from July 01, 2026, until 48 hours after the declaration of the unaudited financial results for the quarter and year to date ended June 30, 2026. The specific date for the board meeting to approve these results will be communicated separately.

Go Fashion (India) Limited promoter Rahul Saraogi has disclosed the release of encumbrance on 46,81,752 equity shares. The shares were released from a pledge held by Kotak Mahindra Bank Limited and IndusInd Bank Limited, with Catalyst Trusteeship Limited acting as the trustee. This action, reported on June 23, 2026, pertains to shares previously pledged by Rahul Saraogi. The disclosure is made in accordance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Following the release, Rahul Saraogi's direct holding remains significant, with a portion of his shares still encumbered.

Go Fashion (India) Ltd. has clarified that the recent increase in trading volume is market-driven. The company stated it possesses no undisclosed price-sensitive information and has kept the exchange informed of all material events as per SEBI regulations. The company confirms investors have the latest relevant information.

Go Fashion (India) Ltd. has submitted an application to BSE and NSE seeking approval for the reclassification of certain individuals and entities from the 'Promoter/Promoter Group' category to the 'Public' category. This action follows a board resolution on April 30, 2026, approving the reclassification request, subject to stock exchange approvals, as per Regulation 31A of the SEBI Listing Regulations. The list of promoters seeking reclassification is provided in Annexure A, with each holding Nil shares.

Go Fashion (India) Limited announced its audited financial results for Q4 and FY2026. For Q4 FY26, total revenue decreased by 4% YoY to 196.1 Cr, EBITDA fell 20% to 49.6 Cr, and Profit After Tax (PAT) plunged 60% to 7.9 Cr. For the full fiscal year FY26, revenue saw a 1% decline to 838.0 Cr, EBITDA was down 12% to 237.1 Cr, and PAT decreased 37% to 59.2 Cr. The company's portfolio mix has shifted to ~70% value-added bottoms (non-leggings). Go Fashion added 26 net Exclusive Brand Outlets (EBOs) during FY26, bringing the total to 802 stores, and increased total retail area by 11%. However, Same Store Sales Growth (SSSG) for EBOs was -3.4% for FY26. CEO Mr. Gautam Saraogi highlighted a new strategy focusing on larger EBO stores (700+ sq. ft.) to enhance customer experience, with plans to close smaller, less efficient stores. The company aims to achieve positive SSSG in FY27 and significantly expand its footprint over the next five years, supported by product freshness, new designs, and marketing initiatives including influencer collaborations and a brand ambassador.

Go Fashion (India) Ltd's Board of Directors approved the Audited Financial Results for the financial year ended March 31, 2026, on April 30, 2026. The statutory auditors, Price Waterhouse Chartered Accountants LLP, issued an unmodified opinion on the standalone financial statements. Additionally, the Board approved the reclassification of 26 individuals and entities from the 'Promoter'/'Promoter Group' category to the 'Public' category. These entities hold NIL shares, do not exercise control, have no special rights, are not KMP, and are not wilful defaulters or fugitive economic offenders. The reclassification requires No Objection from stock exchanges but not shareholder approval, as their combined holding is less than 1% of total voting rights.

Go Fashion (India) Ltd's Board of Directors approved the Audited Financial Results for the financial year ended March 31, 2026, with the Statutory Auditors issuing an unmodified opinion. Additionally, the Board approved the reclassification of 26 individuals and entities from the 'Promoter Group' to the 'Public' category. These entities hold no equity shares and have confirmed they do not hold more than 10% voting rights, exercise control, or have special rights. Shareholder approval is not required as the outgoing promoters hold less than 1% of total voting rights. The company will now seek No-Objection from stock exchanges for this reclassification.

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.

Go Fashion (India) Ltd has scheduled a meeting of its Board of Directors on April 30, 2026, to consider and approve the Annual Audited Financial Results for the quarter and year ended March 31, 2026.