Go Fashion Revises Board Meeting Agenda to Include Q3FY26 Results and Share Buyback Proposal

1 min read     Updated on 26 Jan 2026, 05:54 PM
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Reviewed by
Ashish TScanX News Team
Overview

Go Fashion (India) Limited has revised its board meeting intimation for January 29, 2026, to include consideration of a share buyback proposal alongside the previously announced Q3FY26 unaudited financial results review. The company, which trades as GOCOLORS on NSE and under scrip code 543401 on BSE, initially announced the meeting on January 23, 2026, but expanded the agenda through a revised intimation dated January 26, 2026. The potential buyback will be evaluated under SEBI (Buy-Back of Securities) Regulations, 2018, marking a significant corporate development for the fashion retailer.

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*this image is generated using AI for illustrative purposes only.

Go colors has issued a revised board meeting intimation, expanding the agenda for its upcoming board meeting scheduled for January 29, 2026. The company has informed both BSE Limited and National Stock Exchange of India about the additional agenda item that will be considered alongside the previously announced financial results review.

Board Meeting Agenda Details

The revised intimation, filed under Regulation 29(1) & (2) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, outlines the expanded scope of the board meeting. The meeting will now address two key corporate matters that could significantly impact the company's stakeholders.

Meeting Details: Information
Date: January 29, 2026
Original Intimation: January 23, 2026
Revised Intimation: January 26, 2026
Primary Agenda: Q3FY26 Unaudited Financial Results
Additional Agenda: Equity Share Buyback Proposal

Financial Results Consideration

The board will consider and approve the unaudited financial results for the quarter and year-to-date ended December 31, 2025. This represents the company's Q3FY26 performance, which will provide insights into Go Fashion's operational and financial performance during the third quarter of the current fiscal year.

Share Buyback Proposal

In the revised intimation, Go Fashion (India) Limited has added a significant agenda item - the consideration of a proposal for buyback of equity shares. The potential buyback will be evaluated in accordance with the SEBI (Buy-Back of Securities) Regulations, 2018, as amended. This regulatory framework governs the process and requirements for companies undertaking share buyback programs.

Regulatory Compliance

The company has fulfilled its disclosure obligations by informing both major stock exchanges where its shares are listed. Go Fashion trades on BSE Limited under scrip code 543401 and on the National Stock Exchange of India under the trading symbol GOCOLORS. The intimation was signed by Gayathri Kethar, Company Secretary & Compliance Officer, ensuring proper corporate governance protocols are followed.

Corporate Governance Framework

The revised intimation demonstrates Go Fashion's commitment to transparent communication with stakeholders and regulatory compliance. By providing advance notice of both the financial results review and the potential buyback consideration, the company ensures that investors and market participants are adequately informed about upcoming corporate decisions that may impact share value and ownership structure.

Historical Stock Returns for Go Colors

1 Day5 Days1 Month6 Months1 Year5 Years
-1.06%-5.56%-17.19%-57.12%-59.63%-69.76%

Mirae Asset Mutual Fund Reduces Stake in Go Colors to 0.37%

1 min read     Updated on 14 Jan 2026, 05:38 PM
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Reviewed by
Naman SScanX News Team
Overview

Mirae Asset Mutual Fund has reduced its stake in Go Fashion (India) Ltd. from 0.79% to 0.37% by selling 229,470 shares through open market transactions on January 13, 2026. The disposal, disclosed under SEBI takeover regulations, represents a 0.42% reduction in the mutual fund's holding in the textile company, which maintains a total equity capital of 54,008,984 shares.

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*this image is generated using AI for illustrative purposes only.

Mirae Asset Mutual Fund has substantially reduced its shareholding in Go Colors , disclosing the transaction under SEBI's takeover regulations. The mutual fund sold a significant portion of its stake through open market operations on January 13, 2026.

Transaction Details

The key parameters of the share disposal are outlined below:

Parameter: Details
Shares Sold: 229,470 shares
Transaction Date: January 13, 2026
Mode of Sale: Open Market
Percentage Reduction: 0.42%

Shareholding Changes

The transaction resulted in a notable change in Mirae Asset Mutual Fund's ownership structure in the textile company:

Holding Period: Number of Shares Percentage Holding
Before Disposal: 427,652 shares 0.79%
After Disposal: 198,182 shares 0.37%
Net Change: -229,470 shares -0.42%

Company Information

Go Fashion (India) Ltd. maintains its equity share capital at 54,008,984 shares, with no changes reported in the total voting capital following this transaction. The company's shares are listed on both the National Stock Exchange of India Ltd. and BSE Ltd.

Regulatory Compliance

The disclosure was filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, on January 14, 2026. Mirae Asset Investment Managers (India) Private Limited, through its Head of Compliance, Legal and Company Secretary Rimmie Jain, submitted the required documentation to both stock exchanges where the company is listed.

Market Context

Mirae Asset Mutual Fund is not part of the promoter or promoter group of Go Fashion (India) Ltd. The fund's decision to reduce its stake represents a strategic portfolio adjustment, with the remaining 0.37% holding indicating continued but reduced exposure to the textile sector company.

Historical Stock Returns for Go Colors

1 Day5 Days1 Month6 Months1 Year5 Years
-1.06%-5.56%-17.19%-57.12%-59.63%-69.76%

More News on Go Colors

1 Year Returns:-59.63%