Go Fashion (India) Limited has successfully secured shareholder approval for the appointment of Ms. Sakshi Vijay Chopra as a Non-Executive Independent Director through postal ballot. The special resolution was passed with overwhelming support, receiving 99.99% votes in favor on December 18, 2025.

Postal Ballot Results

The voting results demonstrate strong shareholder confidence in the appointment:

Key Details of the Appointment

Professional Background

Ms. Chopra brings extensive experience to her new role at Go Colors. Her career highlights include:

• Focus on growth-stage companies
• Advisory roles in investments across consumer and fintech sectors
• Experience with companies such as Five Star Business Finance, Indigo Paints, Yubi, Neo, Purplle, HealthKart, and Wakefit
• Previous work at Deutsche Bank in Germany and India
• Current association with PeakXV (previously known as Sequoia)

Ms. Chopra holds an MBA from the Asian Institute of Management, adding to her qualifications for this position.

Compliance and Process

The postal ballot process was conducted in accordance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had initially corrected the appointment date from November 7, 2025, to November 17, 2025, in a previous corrigendum.

Srinidhisridharan Associates served as the scrutinizer for the postal ballot process, ensuring proper compliance with all regulatory requirements. The voting was conducted entirely through remote e-voting facility provided by National Securities Depository Limited (NSDL).

This appointment strengthens Go Colors' board composition with an experienced professional, reflecting the company's commitment to robust corporate governance and strategic growth in the Indian fashion retail sector.

Go Colors promoter Rahul Saraogi has pledged 12 lakh equity shares to leading banks, marking a significant corporate financing development. The pledge was created on December 10, 2025, and disclosed in compliance with regulatory requirements.

Pledge Details and Banking Partners

The share pledge involves two prominent banking institutions as lenders, with Catalyst Trusteeship Limited serving as the trustee. The arrangement demonstrates the company's engagement with established financial institutions for corporate financing needs.

Promoter Holdings Structure

The disclosure reveals the comprehensive shareholding pattern of Go Fashion's promoter group. The promoters maintain substantial ownership in the company while utilizing share pledging for financing arrangements.

Regulatory Compliance

The pledge creation was disclosed under Regulation 31(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates timely disclosure of any encumbrance created on shares held by promoters and persons acting in concert.

Rahul Saraogi, in his capacity as Managing Trustee of VKS Family Trust and promoter of Go Fashion (India) Limited, submitted the disclosure to both BSE Limited and National Stock Exchange of India Limited. The company's registered office is located at Nungambakkam High Road, Chennai.

Impact on Shareholding Pattern

Following this pledge creation, the total pledged shares by the promoter group now represent 12.75% of the company's total share capital. The promoters continue to maintain majority control with their combined holding of 52.79% in the textile company. The pledge arrangement provides the promoters with access to financing while maintaining their significant stake in the business operations.