Responsive Industries , a company listed on both the BSE Limited and the National Stock Exchange of India Limited, has reported that Fairpoint Tradecom LLP, a promoter group entity, has created a pledge on 15 lakh shares of the company, according to a recent disclosure.

Pledge Details

The pledge, created on September 30, 2025, involves 15,00,000 shares of Responsive Industries, representing 0.56% of the company's total share capital. The shares were pledged in favor of Virtue Financial Services Private Limited, a company engaged in activities auxiliary to financial intermediation.

Impact on Promoter Shareholding

The encumbered shares account for 9.25% of the total promoter shareholding in Responsive Industries. This pledge brings the total encumbered shares as a percentage of promoter shareholding to 14.20%, which is significant but still below critical thresholds:

• It does not exceed 50% of the promoter shareholding
• It remains below 20% of the total share capital of the company

Purpose of the Pledge

According to the disclosure, the borrowed amount against the pledged shares is intended for personal use by the promoters.

Regulatory Compliance

The disclosure was made in compliance with Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and the master circular dated February 16, 2023, issued by SEBI. This transparency is crucial for investors to understand the changing dynamics of promoter holdings and potential risks associated with share pledges.

Financial Implications

While the pledge itself does not immediately impact the company's operations, it does highlight potential financial activities of the promoter group. Investors may want to monitor this situation closely, as any default on the loan against which these shares are pledged could lead to a change in shareholding patterns or impact market sentiment.

The creation of this pledge underscores the importance of scrutinizing promoter actions and their potential implications for the company and its shareholders. As always, investors are advised to consider such developments as part of their overall assessment of the company's financial health and governance practices.

Responsive Industries Limited , a prominent player in the Indian manufacturing sector, has announced a significant addition to its board of directors. The company has appointed Mr. Sanjiv Swarup as an Additional Non-executive Independent Director, effective October 4, 2022.

Professional Background

Mr. Swarup brings a wealth of experience and expertise to his new role. He is a Member of the Institute of Chartered Accountants of India, showcasing his strong financial acumen. Additionally, he holds a Bachelor of Laws degree from Saurashtra University, adding legal insight to his professional repertoire.

Current Roles and Experience

Sanjiv Swarup's appointment is notable given his current position as Chairman & Independent Director of Bharat Wire Ropes Ltd, a role that demonstrates his leadership capabilities in the corporate sector. His experience extends beyond this, as he has served as a Senior Advisor for 16 years in BSE Listed SEBI registered Merchant Bankers. This extensive advisory experience in the financial sector is likely to be a valuable asset to Responsive Industries.

Appointment Process and Compliance

The appointment of Mr. Swarup aligns with regulatory requirements. The Board of Responsive Industries has confirmed his declaration under regulation 25(8) of Listing Regulations after conducting due assessment. This step ensures compliance with corporate governance norms and underscores the company's commitment to maintaining high standards of board independence and expertise.

Implications for Responsive Industries

The addition of Sanjiv Swarup to the board as an Independent Director is expected to bring fresh perspectives to Responsive Industries' strategic decisions. His blend of financial, legal, and advisory experience could potentially contribute to enhanced corporate governance and strategic planning within the company.

This appointment reflects Responsive Industries' ongoing efforts to strengthen its board with diverse and experienced professionals, which may be viewed positively by stakeholders and investors alike.