Go Fashion (India) Limited Buyback 2026
1. Business Overview
Go Fashion (India) Limited is a prominent fashion retail company in India, primarily known for its women’s apparel under the brand name Go Colors. The company offers a wide range of products, including leggings, bottoms, and other casual wear.
2. Established Presence
Founded in 2010, Go Fashion has built a strong presence in the Indian fashion retail market. It has a significant retail network across the country, with hundreds of stores in various cities and states.
3. Product Offerings
The company focuses on providing high-quality, affordable, and trendy apparel. Its product portfolio includes leggings, churidars, palazzos, tights, and other styles in different fabrics and designs, catering to various age groups and preferences.
4. Strong Retail Network
Go Fashion operates through an extensive offline retail network along with an e-commerce platform to reach a broader audience. The company has grown significantly with the opening of new stores in various regions of India.
5. Brand Recognition
The Go Colors brand has become synonymous with comfortable and stylish women’s clothing, especially in the affordable fashion segment. The brand is recognized for its inclusive sizing and affordable pricing, attracting a wide range of customers.
Buy Back Offer Deal:
| Buyback Type: | Tender Offer |
| Buyback Record Date: | Feb 09 2026 |
| Buyback Offer Amount: | ₹ 64.99 cr |
| Date of Board Meeting approving the proposal: | Jan 29 2026 |
| Date of Public Announcement: | Jan 29 2026 |
| Buyback Offer Size: | 2.61% |
| Buyback Number of Shares: | 14,13,000 |
| FV: | 10 |
| Buyback Price: | ₹ 460 Per Equity Share |
Details of Buyback:
Salient financial parameters:
| Particulars (in cr) | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| Sales + | 251 | 401 | 665 | 763 | 848 |
| Expenses + | 203 | 277 | 450 | 517 | 577 |
| Operating Profit | 47 | 124 | 215 | 246 | 271 |
| OPM % | 19% | 31% | 32% | 32% | 32% |
| Other Income + | 32 | 21 | 12 | 17 | 25 |
| Interest | 22 | 25 | 31 | 42 | 49 |
| Depreciation | 60 | 72 | 87 | 110 | 124 |
| Profit before tax | -3 | 48 | 109 | 110 | 123 |
| Tax % | 13% | 26% | 24% | 25% | 24% |
| Net Profit + | -4 | 36 | 83 | 83 | 94 |
| EPS in Rs | -1.18 | 6.59 | 15.33 | 15.33 | 17.31 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
| Acceptance Ratio | 33% | 50% | 75% | 100% |
| Amount Invested in Buyback | 169215 | 169215 | 169215 | 169215 |
| No. of Shares Buyback | 143 | 217 | 326 | 435 |
| Buyback Profit | 10153 | 15407 | 23146 | 30885 |
| Profit% | 6.00% | 9.10% | 13.68% | 18.25% |
24 Comments
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What is the likelihood of go fashions delaying the buyback to next financial year to benefit from the new taxation rules?
no , they can’t as per buyback rules.
as per buyback rules, they have to open buyback within 4 working days post record date. RD is 9th feb. They have to open the buyback tender window by next friday 13th Feb for minimum period of 5 days. Correct me if I am wrong.
You are correct Bro.
Bro how they benefit from new taxation rules, as promoters are already intended not to participate in buyback
What the new change means to us , will it be like old times like how it was before the dividend change brought in ? can somebody clarify. will there be more buybacks compared to last year, how the AR will be impacted
I see one advantage for Corporate Promotors like TATA Sons that instead of opting for Dividend they will go for buyback. Because buyback only 22% tax but dividend income will fall under their income tax bracket which will be higher for sure. @other members here correct me if my view is not right
Why this is “Bad News” for Tata Sons
The new regime for Assessment Year 2026-27 (effective April 1, 2026) targets the “tax arbitrage” holding companies used to extract cash from subsidiaries.
Higher Entry Tax (22%): Unlike retail investors who pay 12.5% on long-term gains, Tata Sons (as a corporate promoter) must pay an effective 22% tax on gains from tendering shares in a buyback.
Loss of Pass-Through (Double Taxation):
The Problem: When Tata Sons receives buyback money, it is now taxed as Capital Gains. Crucially, the Section 80M deduction (which allows companies to avoid tax on dividends if they distribute them to their own shareholders) applies only to dividends, not capital gains.
The Result: Tata Sons pays 22% on the gain. When it later pays out that remaining money to its shareholders (like Tata Trusts), it must do so as a dividend, which is taxed again in the hands of the shareholders.
Comparison to Dividends: If Tata Sons simply received a dividend from TCS, it could distribute that dividend further and pay 0% tax under Section 80M. By using a buyback, they now trigger a mandatory 22% leak at the first level.
With this new buyback rule, it’s clear that no promotors will participate in Buyback. We can expect very few buybacks going forward.
We can expect buybacks where promotors really want to increase their shareholding.
But i see non-corporate promotor is having advantage of going to buyback route instead of dividend route to get the money from his company. As effective tax on buyback is shield at 30% . And EPS of his company will also improve because of buyback.
Anyone please confirm ,the latest buyback rules is really helpful or not?
And can we see more buyback announcement in future like before 2024 ?
And please explain with one example for better understandings
Change in taxation of buyback was brought in to address the
improper use of buyback route by promoters. In the interest of
minority shareholders, I propose to tax buyback for all types of
shareholders as Capital Gains. However, to disincentivize misuse of
tax arbitrage, promoters will pay an additional buyback tax. This will
make effective tax 22 percent for corporate promoters. For non-
corporate promoters the effective tax will be 30 percent.
Post budget taxation tweak, retail acceptance will decrease as participation will increase as gains will not get added to income slabs leading to investors in high tax slabs also participate.
On contrary, promoter participation will decrease.
the old buyback (before 2024) was totally tax free (no income tax, no capital gain tax). So, this new amendment AR will be still higher thatn the old buyback (before 2024).
Acceptance ration nowdays was mostly 50% or above for all buybacks, but with new Buyback rule acceptance ration will like it was in past 20% or little more
I heard some changes to buyback like it will be treated as capital gains. Let’s look for details.
Any reason for 10% correction in stock price despite promoters not participating and a decent premium of 20% at the current price after the crash?
Not good results, also when the bb announced the stock was trading at 420 that hardly left any decent premium
any suggestion here from mentors, is it good to enter at current price for tender in buyback with expectation of 100% acceptance. Purpose is only to accumulate capital losses as income is far below exempted tax slab. Any valuable input here will help me to make mind as Record date is only at weeks distance
I would consider a trade if this is available below 300 below Record date.
Do you mean 400 Gaurav ji?
The Board approved the proposal to buy back up to 14,13,000 (Fourteen lakh thirteen thousand
only) fully paid-up equity shares of face value ₹ 10 (Rupees Ten only) each of the Company
(“Equity Shares”) for an amount not exceeding ₹ 64,99,80,000 (Rupees Sixty Four Crores Ninety
Nine Lakhs Eighty Thousand only. The Board has noted the intention of the Promoters and members of the Promoter Group of the Company not to participate in the proposed Buy Back.
Bad Results posted by the Company.