Responsive Industries Limited received a disclosure regarding the release of pledge on its equity shares by its promoter group entity, Fairpoint Tradecom LLP. The release covers 10,00,000 shares, representing 0.38% of the company's total share capital.

The disclosure was filed with the stock exchanges on October 14, 2026, citing compliance with Regulation 31(1) and (2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The event pertains to the release of encumbrance created for margin trading funding purposes.

Pledge Release Details

The promoter group entity released shares that were previously pledged with the Central Depository Services (India) Limited. This transaction reduces the total number of encumbered shares held by the promoter group.

Note: The table above reflects the specific transaction dated September 29, 2026, as detailed in the subsequent creation entry in the source data, or potentially aggregates the net effect if interpreted as a net reduction. However, strictly following the source's explicit 'Release' entries:

The source data lists two distinct releases and one creation within the reporting period. The most recent significant release mentioned in the summary context often refers to the net position or the latest major movement. Let us look at the specific rows provided:

1. Release on Sept 24, 2026: 7,00,000 shares (0.26% of total capital).
2. Release on Sept 25, 2026: 3,00,000 shares (0.11% of total capital).
3. Creation on Sept 29, 2026: 10,00,000 shares (0.38% of total capital).

The headline fact is the release activity which reduced the encumbrance load prior to a new creation. The total promoter holding remains at 2,46,50,000 shares, constituting 9.25% of the total share capital.

Current Encumbrance Status

Following the series of events reported, the post-event holding of encumbered shares stands at 80,95,971 shares. This represents 3.04% of the total share capital. The encumbrance is categorized as a pledge for personal use by promoters, specifically for margin trading funding on the stock exchange.

The disclosure confirms that the encumbered shareholding does not constitute 50% or more of the total promoter shareholding, nor does it represent 20% or more of the total share capital of the listed company.

What the Numbers Show

The promoter group's encumbered holding fluctuated between 3.04% and 3.41% of total share capital during late September 2026. While the group released 10,00,000 shares in two tranches totaling 10,00,000 shares (7 lakh + 3 lakh), they subsequently re-pledged an equal amount (10,00,000 shares) on September 29, 2026. This indicates that despite the interim releases, the net encumbered position returned to 90,95,971 shares (3.41%) after the final creation event, though the latest reported status in the final summary table shows 80,95,971 shares (3.04%), suggesting the final state reflects the releases without the final creation being fully accounted for in the final snapshot or implying a different net calculation in the source's final summary section. Based strictly on the final summary table provided in the source: Post-event encumbered shares are 80,95,971 (3.04%).

Responsive Industries has decided not to proceed with its proposed share buy-back. The Board of Directors dropped the plan after reviewing the proposal during its meeting held on September 17, 2026.

Decision details

The company had scheduled the board meeting on September 17, 2026, specifically to consider the buy-back of equity shares. This followed earlier indications that the firm was exploring mechanisms to return capital to shareholders. However, the board ultimately determined that moving forward with the buy-back was not in the company's best interest at this time.

After due deliberations and taking into consideration the prevailing market conditions, global economic uncertainties and their impact on the Company's export business, the Board decided not to proceed with the proposed Buy-back at this stage. The Board may reconsider the proposal for buy-back at an appropriate time in the future, having regard to the prevailing market conditions, business environment and subject to compliance with applicable laws and regulatory requirements.

Trading window status

The trading window for designated persons, which was closed prior to the meeting in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, has now reopened. It was set to reopen 48 hours after the conclusion of the board deliberations.

Key details

No financial specifics regarding a potential future buy-back size, price band, or timeline have been disclosed. The decision marks a reversal of the capital return strategy previously under consideration.