Responsive Industries: Promoter Group Creates Pledge on 6,00,000 Equity Shares

1 min read     Updated on 25 Mar 2026, 02:26 AM
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Radhika SScanX News Team
AI Summary

Fairpoint Tradecom LLP has pledged 6,00,000 equity shares of Responsive Industries Limited to Virtue Financial Services Limited and Imperial Solutions Private Limited for personal borrowing. The pledge, valued at Rs. 9,01,80,000, increases the promoter group's total encumbered shares to 70,49,971, representing 28.60% of the company's share capital.

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Fairpoint Tradecom LLP, a promoter group entity of Responsive Industries Limited, has disclosed the creation of a pledge on 6,00,000 equity shares of the company. The disclosure was made in compliance with Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Pledge Details

The pledge was created on March 20, 2026, involving two separate entities as beneficiaries:

Parameter Details
Total Shares Pledged 6,00,000 equity shares
Pledge Date March 20, 2026
Beneficiary 1 Virtue Financial Services Limited (3,00,000 shares)
Beneficiary 2 Imperial Solutions Private Limited (3,00,000 shares)
Purpose Personal borrowing
Value of Pledged Shares Rs. 9,01,80,000

Promoter Holdings and Encumbrance Impact

Fairpoint Tradecom LLP holds a total of 2,46,50,000 shares in Responsive Industries Limited, representing 9.25% of the company's total share capital. The current pledge adds to the existing encumbered shares held by the promoter group.

Shareholding Details Number of Shares Percentage
Total Promoter Holding 2,46,50,000 9.25% of total share capital
Previously Encumbered Shares 64,49,971 26.17% of promoter holding
Current Pledge 6,00,000 2.43% of promoter holding
Total Encumbered Shares (Post-Event) 70,49,971 28.60% of total share capital

Regulatory Compliance

The disclosure confirms that the encumbered shares represent less than 50% of the promoter's shareholding and less than 20% of the company's total share capital. The pledge was created in favor of entities engaged in activities auxiliary to financial intermediation, and the borrowed amount is intended for personal use by the promoter group.

Company Information

Responsive Industries Limited is listed on both BSE Limited (Scrip Code: 505509) and National Stock Exchange of India Limited (Stock Symbol: RESPONIND). The company is headquartered at Mahagaon Road, Betegaon Village, Boisar (East), Tal. Palghar, Dist. Thane, Maharashtra.

Historical Stock Returns for Responsive Industries

1 Day5 Days1 Month6 Months1 Year5 Years
-0.63%-10.75%-20.51%-28.64%-26.23%-11.85%

Will the increasing promoter pledge percentage (now at 28.60%) impact investor confidence and Responsive Industries' stock price performance?

What are the potential consequences if Fairpoint Tradecom LLP defaults on the personal borrowings secured against these pledged shares?

Could this pledge creation signal upcoming liquidity challenges for the promoter group or plans for further stake monetization?

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Responsive Industries Clarifies Unsolicited ESG Rating Disclosure by CFC Finlease Private Limited

1 min read     Updated on 21 Mar 2026, 05:03 PM
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Radhika SScanX News Team
AI Summary

Responsive Industries Limited issued a regulatory clarification on March 21, 2026, regarding an unsolicited ESG rating disclosure submitted by CFC Finlease Private Limited. The company emphasized it has not engaged the SEBI registered ESG rating provider for any services, and the rating was based solely on publicly available information. The company learned of this development through BSE Limited's notification received on March 20, 2026, concerning the disclosure for ISIN INE688D01026.

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Responsive Industries Limited has issued a formal clarification to stock exchanges regarding an unsolicited ESG rating disclosure submitted by CFC Finlease Private Limited. The company emphasized that it has not engaged the ESG rating provider for any rating services.

Regulatory Disclosure Details

The company filed the intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on March 21, 2026. The disclosure pertains to CFC Finlease Private Limited, a SEBI registered ESG Rating Provider, submitting a rating for the company's securities.

Parameter: Details
ISIN: INE688D01026
Rating Provider: CFC Finlease Private Limited
Disclosure Date: March 21, 2026
Notification Source: BSE Limited
Notification Date: March 20, 2026

Company's Position

Responsive Industries Limited clarified that the ESG rating disclosure was made without the company's engagement or authorization. The rating provider based their assessment solely on information available in the public domain. This represents an unsolicited rating initiative by CFC Finlease Private Limited.

The company became aware of this development through an official email intimation from BSE Limited received on March 20, 2026. The exchange informed the company that CFC Finlease Private Limited had submitted the disclosure for INE688D01026, which corresponds to Responsive Industries Limited's ISIN.

Compliance and Transparency

In line with regulatory requirements, the company has made the announcement available on its official website at www.responsiveindustries.com . The disclosure was signed by Mohini Sharma, Company Secretary & Compliance Officer, ensuring proper authorization and compliance with listing regulations.

The intimation serves to maintain transparency with stakeholders and clarify the company's position regarding the unsolicited ESG rating disclosure by the third-party rating provider.

Historical Stock Returns for Responsive Industries

1 Day5 Days1 Month6 Months1 Year5 Years
-0.63%-10.75%-20.51%-28.64%-26.23%-11.85%

How might this unsolicited ESG rating impact Responsive Industries' stock performance and investor sentiment in the coming quarters?

Will Responsive Industries consider engaging authorized ESG rating providers to establish official sustainability credentials following this incident?

What regulatory measures might SEBI implement to prevent unauthorized ESG rating disclosures by rating providers in the future?

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1 Year Returns:-26.23%