Go Fashion Promoter Pledges 12 Lakh Shares to Kotak Mahindra and IndusInd Bank
Go Fashion (India) Limited promoter Rahul Saraogi pledged 12 lakh equity shares to Kotak Mahindra Bank and IndusInd Bank on December 10, 2025, with Catalyst Trusteeship Limited as trustee. The disclosure under SEBI regulations shows total promoter pledged shares now stand at 68.87 lakh shares (12.75% of share capital), while promoters collectively hold 52.79% of the company. This financing arrangement involves established banking partners while maintaining promoter control in the textile company.
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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.
| Parameter: | Details |
|---|---|
| Pledged Shares: | 12,00,000 equity shares |
| Lender 1: | Kotak Mahindra Bank Limited |
| Lender 2: | IndusInd Bank Limited |
| Trustee: | Catalyst Trusteeship Limited |
| Transaction Date: | December 10, 2025 |
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.
| Promoter: | Shares Held | Holding % | Pledged Shares | Pledge % |
|---|---|---|---|---|
| Rahul Saraogi (VKS Family Trust): | 4,32,19,448 | 8.00% | NIL | NIL |
| Gautam Saraogi (PKS Family Trust): | 4,32,19,44 | 8.00% | NIL | NIL |
| Gautam Saraogi (Individual): | 99,32,320 | 18.39% | NIL | NIL |
| Prakash Kumar Saraogi: | 60 | 0.0001% | NIL | NIL |
| Total Promoter Holdings: | 2,85,08,648 | 52.79% | 68,86,752 | 12.75% |
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.
Historical Stock Returns for Go Colors
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.23% | -1.27% | -11.73% | -45.95% | -52.33% | -63.40% |
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