Go Colors has announced the appointment of Mr. S Zafir Ahmed as Chief Merchandising Officer in the Senior Management Category, effective March 02, 2026. The appointment was disclosed to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

The company formally communicated the appointment to BSE Limited and National Stock Exchange of India Ltd on March 02, 2026. The disclosure was made pursuant to Regulations 16(1)(d) and 30 read with Schedule III of the SEBI Listing Regulations.

Professional Background

Mr. S Zafir Ahmed brings extensive experience to his new role at Go Fashion (India) Limited. He is a senior retail professional with over three decades of experience in merchandising and planning. His career has been marked by leadership positions in reputed retail organizations where he has been instrumental in driving business growth, operational efficiency, and organizational transformation.

Key Areas of Expertise

Mr. Ahmed's professional expertise encompasses several critical areas of retail operations:

• Merchandise planning and strategy
• Assortment management and optimization
• Space management and allocation
• Business growth initiatives
• Operational efficiency improvements
• Organizational transformation

Regulatory Compliance

The appointment disclosure was made in compliance with SEBI circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company provided comprehensive details as prescribed under the Listing Regulations, ensuring full transparency with stakeholders and regulatory authorities.

The announcement was signed by Gayathri Kethar, Company Secretary & Compliance Officer, confirming the company's adherence to corporate governance standards and regulatory requirements.

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.