Disclosure for release of pledge by promoter group of the Company
RESPONIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and 1.6 pts more than its Furniture Home Furnishing peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Fairpoint Tradecom LLP, a promoter group entity, has released pledge on 3,00,000 equity shares of Responsive Industries Ltd. The shares were previously pledged in favour of Imperial Solutions Private Limited. After this release, the promoter's total encumbered shares reduce from 77,69,971 shares (2.91%) to 74,69,971 shares (2.80%). The total promoter holding remains at 2,46,50,000 shares representing 9.25% of total share capital. The value of shares at the time of encumbrance was Rs. 4.75 crore. The encumbered shares as percentage of promoter shareholding stands at 31.5%, which is below the 50% threshold.
The release of pledge by 3 lakh shares is a modest positive signal as it reduces promoter encumbrance, indicating improved financial flexibility for the promoter group. However, the overall promoter holding and encumbrance position remains largely unchanged with 31.5% of promoter stake still pledged.