Catalyst Trusteeship Reduces Stake in Go Fashion (India) to 4.89%

Go Fashion (India) Limited , a Chennai-based fashion retailer, has seen a significant reduction in shareholding by Catalyst Trusteeship Limited, acting as a Security Trustee on behalf of a lender. The company's stake has decreased from 6.96% to 4.89%, following a transaction completed on July 21, 2025.

Transaction Details

The disposal involved the release of 11,16,848 equity shares, representing 2.07% of the total shareholding, which were previously pledged by Rahul Saraogi. Following this transaction, Catalyst Trusteeship now holds 26,41,752 shares in Go Fashion.

Regulatory Compliance

In compliance with the Securities and Exchange Board of India (SEBI) regulations, specifically Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Catalyst Trusteeship submitted a revised disclosure to both the BSE and National Stock Exchange of India on September 19, 2025.

Company Overview

Go Fashion (India) Limited, listed on both the BSE and NSE, has a total equity share capital of 5,40,08,984 shares with a face value of Rs. 10 each. The company's registered office is located at No.43/20, Nungambakkam High Road, Chennai, Tamil Nadu.

Shareholding Structure

The following table illustrates the changes in Catalyst Trusteeship's shareholding:

Shareholding	Before Disposal	Shares Disposed	After Disposal
Number of Shares	37,58,600	11,16,848	26,41,752
Percentage	6.96%	2.07%	4.89%

This transaction does not affect Go Fashion's total equity share capital, which remains at 5,40,08,984 shares.

Additional Information

Deesha Srikkanth, Senior Vice President of Catalyst Trusteeship Limited, signed the disclosure as the authorized signatory. The company clarified that it does not belong to the Promoter/Promoter group of Go Fashion (India) Limited.

This development may be of interest to investors and market analysts monitoring changes in institutional holdings of publicly traded companies.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.48%	+1.62%	-3.89%	-7.71%	-43.38%	-45.37%

Go Fashion (India) Limited , known for its women's bottom wear brand 'Go Colors', reported stable revenue of INR 223.00 crores for the first quarter, remaining broadly flat year-on-year. The company faced temporary headwinds in its Large Format Store (LFS) channel and supply chain disruptions, which impacted its performance.

Key Financial Highlights

Metric	Value	Margin
Revenue	INR 223.00 crores	-
Gross Profit	INR 140.00 crores	63.00%
EBITDA	INR 69.00 crores	30.80%
Profit After Tax	INR 22.00 crores	10.00%

Operational Performance

The company experienced challenges during the quarter, including:

Temporary headwinds in the LFS channel
Supply chain disruptions due to a Bangladesh route blockade, which delayed shipments and affected product availability
Softer footfalls, particularly in April and May

Despite these challenges, Go Fashion reported some positive developments:

Gross margins improved to 63.00%, driven by easing raw material costs and a favorable product mix
Average selling price increased to INR 805.00
Added 27 new stores, bringing the total store count to 803
Remains on track for 120 net store additions for the full year

Store Expansion and New Initiatives

Go Fashion continues to focus on expanding its retail footprint:

Targeting 120-130 net store additions
Aiming for 60-70% of new store openings in virgin markets
Piloting new categories including women's topwear and select menswear across 15-20 stores
Launched its first international store in Dubai, showing positive initial traction

Future Outlook

Gautam Saraogi, CEO of Go Fashion, expressed optimism about the company's future prospects:

"We remain confident in the strength of India's consumption story and expect to see revival in demand in the upcoming quarters, driven by a successful upcoming festive season. As the environment improves, we are well positioned to capitalize on the recovery through our strong brand, disciplined execution and expanding footprint."

The company is focusing on achieving low single-digit same-store sales growth, improving store-level productivity, and maintaining a strong check on inventory levels to ensure a healthy balance sheet and improved return on capital employed.

Go Fashion's management is committed to turning every lever to reach mid-single-digit same-store sales growth over the next few quarters, while continuing cautious expansion into new markets.

As the retail environment shows signs of recovery, particularly from June onwards, Go Fashion remains optimistic about its growth prospects and its ability to navigate the current challenges in the Indian retail landscape.