Go Fashion (India) Ltd has received a disclosure from SBI Mutual Fund regarding a significant reduction in its shareholding under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The mutual fund has reduced its stake by 2% through a market sale transaction completed on February 26, 2026.

Shareholding Reduction Details

SBI Mutual Fund, operating under its various schemes, sold 49,310 shares of Go Fashion (India) Ltd, representing 0.0913% of the company's paid-up share capital. This transaction was executed through market sale on February 26, 2026, as disclosed in the regulatory filing dated February 27, 2026.

Current Shareholding Position

Following the share sale, SBI Mutual Fund's total holding in Go Fashion (India) Ltd stands at 41,49,164 shares, representing 7.6823% of the company's paid-up share capital. This marks a decrease from the fund's previous disclosed holding of 9.7230%, which was reported in May 2022.

Company Share Capital Structure

Go Fashion (India) Ltd maintains a stable equity share capital structure with no changes reported in connection with this transaction. The company's total equity share capital remains at Rs 54,00,89,840, consisting of 5,40,08,984 equity shares with a face value of Rs 10 each.

Regulatory Compliance

The disclosure was made by Vinaya Datar, Chief Compliance Officer and Company Secretary of SBI Funds Management Limited, in compliance with SEBI regulations. The filing was simultaneously submitted to both the National Stock Exchange of India Limited and BSE Limited, where Go Fashion (India) Ltd shares are listed. This regulatory disclosure ensures transparency in substantial shareholding changes and maintains market integrity through timely reporting of significant transactions by institutional investors.

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.

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.