Go Colors Promoter Rahul Saraogi Pledges 16.25 Lakh Shares
Go Colors Promoter Creates Share Pledge
Rahul Saraogi, a promoter of Go Fashion (India) Limited, has created an encumbrance by pledging 16,25,000 equity shares in favour of Bajaj Financial Securities Limited. The pledge was created for personal borrowing purposes.
The pledged shares account for 3.08% of the company's total paid-up share capital. The disclosure was made under Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Impact on Promoter's Pledged Holding
Prior to the latest transaction, Rahul Saraogi had 22,05,000 equity shares, representing 4.19% of the company's total share capital, under pledge.
Following the additional pledge of 16,25,000 shares, his total pledged holding has increased to 38,30,000 equity shares, representing 7.28% of the company's total share capital.
The latest pledge was created on August 13, 2026, for personal borrowings, with Bajaj Financial Securities Limited acting as the lender.
Go Colors Promoter Pledge Details
- Promoter: Rahul Saraogi
- Shares Newly Pledged: 16,25,000 equity shares
- Percentage of Share Capital: 3.08%
- Purpose: Personal borrowings
- Lender: Bajaj Financial Securities Limited
- Date of Pledge Creation: August 13, 2026
- Earlier Shares Under Pledge: 22,05,000 equity shares
- Total Shares Under Pledge: 38,30,000 equity shares
- Total Pledged Percentage: 7.28%
- Exchange Disclosure Date: August 18, 2026
What to Watch Next
- Investors may monitor further disclosures relating to the promoter's pledged shareholding or any changes to the existing encumbrance.
- Any future release, invocation or creation of additional pledges may be disclosed by the company to the stock exchanges.
- Investors may track changes in promoter shareholding alongside the company's subsequent corporate disclosures.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
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