Go Fashion Receives Additional Reclassification Requests from Promoter Group Members
Go Fashion (India) Limited received additional requests from 6 promoter group members on April 28, 2026, seeking reclassification from 'Promoter and Promoter Group' category to 'Public' category under SEBI LODR Regulation 31A. This follows the earlier intimation dated April 22, 2026, regarding 20 promoter group members. All requesting entities currently hold NIL equity shares and NIL percentage shareholding in the company. The requests include individuals and corporate entities such as Neha Garodia, Corona Creatives, Corona International, Corona Steel Industry Private Limited, Priyanka Vivek Taparia, and Ava Living LLP. Each entity has declared compliance with Regulation 31A provisions, confirming they do not hold more than 10% of total paid-up share capital, do not exercise control over company affairs, and meet other regulatory requirements. The reclassification requests will be placed before the Board of Directors for consideration at its forthcoming meeting. Following board approval, Go Fashion will submit applications seeking no-objection from both the National Stock Exchange of India Limited and BSE Limited.

*this image is generated using AI for illustrative purposes only.
Go Colors announced on April 28, 2026, that it received additional requests from 6 promoter group members seeking reclassification from 'Promoter and Promoter Group' category to 'Public' category shareholders under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This development follows the company's earlier intimation dated April 22, 2026, regarding similar requests from 20 promoter group members.
Additional Reclassification Requests
The company received these new requests on April 28, 2026, pursuant to Regulation 31A of SEBI LODR Regulations. All requesting entities currently hold NIL equity shares in the company, representing NIL percentage shareholding. The requests include a mix of individuals and corporate entities.
| Entity Name | Category | Current Shareholding |
|---|---|---|
| Neha Garodia | Promoter Group | NIL |
| Corona Creatives | Promoter Group | NIL |
| Corona International | Promoter Group | NIL |
| Corona Steel Industry Private Limited | Promoter Group | NIL |
| Priyanka Vivek Taparia | Promoter Group | NIL |
| Ava Living LLP | Promoter Group | NIL |
Regulatory Compliance Framework
Each requesting entity has declared compliance with Regulation 31A provisions, confirming they do not hold more than 10.00% of total paid-up share capital or voting rights, do not exercise control over company affairs directly or indirectly, have no special rights through formal or informal arrangements, are not represented on the board of directors, do not act as key managerial persons, are not wilful defaulters per RBI Guidelines, are not fugitive economic offenders, and have no pending regulatory actions.
Next Steps and Approval Process
The company will place these reclassification requests before the Board of Directors for consideration at its forthcoming meeting. Following board approval, Go Fashion will submit applications seeking no-objection from both the National Stock Exchange of India Limited and BSE Limited. Company Secretary and Compliance Officer Gayathri Kethar signed the regulatory intimation, confirming that all request letters have been attached as supporting documentation. The intimation has been uploaded on the company's website at https://www.gocolors.com/investorrelations for public access and transparency.
Historical Stock Returns for Go Colors
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.19% | -3.91% | -5.23% | -50.90% | -69.29% | -78.46% |
What strategic motivations might drive Go Colors' promoters to distance themselves from the company despite holding no current equity stakes?
How could this mass reclassification of 26 promoter group entities impact Go Colors' corporate governance structure and decision-making processes?
Will the reclassification create opportunities for new institutional investors or strategic partners to increase their stake in Go Colors?


































