Withdrawal of application for reclassification of six Promoter Group members to Public category
Go Fashion (India) Ltd said six Promoter Group members have requested withdrawal of their applications for reclassification from the 'Promoter Group' category to the 'Public' category.
- Number of Promoter Group Members Withdrawing
- six
- Application Update Date
- April 28, 2026
- Shareholding of Entities
- NIL equity shares of the total paid-up equity share capital
What the company told the exchanges
Go Fashion (India) Ltd has informed BSE and NSE that it has received requests from six members of its Promoter Group to withdraw their respective applications for reclassification from the 'Promoter Group' category to the 'Public' category. The company had submitted applications to both exchanges on April 28, 2026, seeking their no-objection/approval for the reclassification. It now says it will make the necessary steps to process the withdrawal, subject to the approval of its Board of Directors.
Who has asked to withdraw
- Ms. Priyanka Vivek Taparia
- M/s. AVA Living LLP
- Ms. Neha Garodia
- M/s. Corona Creatives
- M/s. Corona International
- M/s. Corona Steel Industry Private Limited
Each of the enclosed letters states that the entity holds NIL equity shares of the total paid-up equity share capital of the company, and that it will continue to be classified as a Promoter Group member for all regulatory purposes, including under Regulation 31 of the SEBI LODR and applicable SEBI (ICDR) Regulations, 2018. Each letter says the reclassification request is withdrawn and revoked with immediate effect and should be treated as withdrawn, null and void.
What reclassification means, in simple terms
Promoter reclassification is the process by which a promoter group member asks the stock exchanges to move it out of the 'Promoter Group' category and into the 'Public' category. Once reclassified, that entity's holding is no longer counted as promoter holding. Here, the entities themselves have asked to pull back that request, so they continue to be treated as part of the Promoter Group of the company.
Points a retail investor may note
- The requests to withdraw have come from the six promoter group entities themselves, not from the company.
- The company's letter says the processing of the withdrawal is subject to the approval of its Board of Directors, while the individual letters state the withdrawal is with immediate effect.
- The letters state that each of these entities holds NIL equity shares of the total paid-up equity share capital of the company.
- The company has asked the exchanges to take the intimation on record.
Also from Go Fashion (India)
Board approves withdrawal of reclassification application for 6 Promoter Group entities
7 Oct 2026
More numbers
- Promoter Group members requesting withdrawal of reclassification applicationssix (6)
- Equity shares held by each withdrawing Promoter Group entityNIL
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