Go Fashion (India) Ltd , the company behind the popular women's bottom-wear brand 'Go Colors', has reported that the Income Tax Department has commenced search operations at its offices, warehouses, and stores. The company made this disclosure in a regulatory filing to the stock exchanges on October 7, 2025.

Key Details of the Search Operation

Company's Response

Go Fashion has assured stakeholders that despite the ongoing search activities, its business operations continue uninterrupted. The company has committed to complying with all legal obligations regarding disclosures as the situation develops.

Regulatory Compliance

The intimation was made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Go Fashion has stated that it will provide updates on its website at www.gocolors.com as more information becomes available.

Market Implications

While the exact nature of the tax department's investigation remains unclear, such actions can often lead to increased scrutiny of a company's financial practices. Investors and market analysts will likely be watching closely for any further developments or disclosures from the company regarding this matter.

As the situation is still unfolding, it's important for stakeholders to await official communications from Go Fashion and relevant authorities for accurate and up-to-date information.

Go Fashion (India) Limited , a Chennai-based fashion retailer, has seen a significant reduction in shareholding by Catalyst Trusteeship Limited, acting as a Security Trustee on behalf of a lender. The company's stake has decreased from 6.96% to 4.89%, following a transaction completed on July 21, 2025.

Transaction Details

The disposal involved the release of 11,16,848 equity shares, representing 2.07% of the total shareholding, which were previously pledged by Rahul Saraogi. Following this transaction, Catalyst Trusteeship now holds 26,41,752 shares in Go Fashion.

Regulatory Compliance

In compliance with the Securities and Exchange Board of India (SEBI) regulations, specifically Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Catalyst Trusteeship submitted a revised disclosure to both the BSE and National Stock Exchange of India on September 19, 2025.

Company Overview

Go Fashion (India) Limited, listed on both the BSE and NSE, has a total equity share capital of 5,40,08,984 shares with a face value of Rs. 10 each. The company's registered office is located at No.43/20, Nungambakkam High Road, Chennai, Tamil Nadu.

Shareholding Structure

The following table illustrates the changes in Catalyst Trusteeship's shareholding:

This transaction does not affect Go Fashion's total equity share capital, which remains at 5,40,08,984 shares.

Additional Information

Deesha Srikkanth, Senior Vice President of Catalyst Trusteeship Limited, signed the disclosure as the authorized signatory. The company clarified that it does not belong to the Promoter/Promoter group of Go Fashion (India) Limited.

This development may be of interest to investors and market analysts monitoring changes in institutional holdings of publicly traded companies.