Responsive Industries: Promoter Group Creates Fresh Pledge on 7,20,000 Shares
Responsive Industries' promoter group entity Fairpoint Tradecom LLP has created a fresh pledge on 7,20,000 equity shares valued at Rs. 9,12,24,000 in favor of Imperial Solutions Private Limited for personal borrowing purposes. This increases the total encumbered shares to 77,69,971, representing 2.91% of the company's total share capital and 28.60% of the promoter's holding, while remaining compliant with regulatory thresholds.
*this image is generated using AI for illustrative purposes only.
Fairpoint Tradecom LLP, a promoter group entity of Responsive Industries Limited, has disclosed the creation of a fresh pledge on 7,20,000 equity shares of the company. The disclosure was made on March 31, 2026, in compliance with Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Latest Pledge Details
The new pledge was created on March 30, 2026, involving Imperial Solutions Private Limited as the sole beneficiary:
| Parameter: | Details |
|---|---|
| Total Shares Pledged: | 7,20,000 equity shares |
| Pledge Date: | March 30, 2026 |
| Beneficiary: | Imperial Solutions Private Limited |
| Purpose: | Personal borrowing |
| Value of Pledged Shares: | Rs. 9,12,24,000 |
| Entity Type: | Activities auxiliary to financial intermediation |
Updated Promoter Holdings and Encumbrance Impact
Fairpoint Tradecom LLP maintains its total holding of 2,46,50,000 shares in Responsive Industries Limited, representing 9.25% of the company's total share capital. The latest pledge significantly increases the total 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: | 70,49,971 | 2.64% of total share capital |
| Current Pledge: | 7,20,000 | 0.27% of total share capital |
| Total Encumbered Shares (Post-Event): | 77,69,971 | 2.91% of total share capital |
| Encumbrance as % of Promoter Holding: | 28.60% | Of promoter shareholding |
Regulatory Compliance and Disclosure
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 Imperial Solutions Private Limited, an entity engaged in activities auxiliary to financial intermediation. The borrowed amount is intended for personal use by the promoter group, as disclosed in the regulatory filing.
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. The disclosure was signed by Mohini Sharma, Company Secretary & Compliance Officer, on March 31, 2026.
Historical Stock Returns for Responsive Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.10% | +10.49% | -3.51% | -16.18% | -21.36% | -5.16% |
Will Fairpoint Tradecom LLP need to pledge additional shares if their personal borrowing requirements increase further?
How might this increased encumbrance level of 28.60% affect Responsive Industries' credit rating or investor confidence?
Could Imperial Solutions Private Limited potentially convert this pledge into an equity stake if repayment terms are not met?
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