Responsive Industries: Promoter Group Creates Pledge on 6,00,000 Equity Shares
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 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 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?


































