Promoter Group Fairpoint Tradecom LLP creates pledge on 3.2 lakh shares
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 1.8 pts less than Nifty Microcap 250 and 0.6 pts less than its Furniture Home Furnishing peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Fairpoint Tradecom LLP (Promoter Group) of Responsive Industries has pledged 3,20,000 shares (0.12% of total share capital) to Timelink Agencies Pvt Ltd as collateral for a loan, with shares valued at Rs. 5.5 crore. Post-pledge, total encumbered promoter shares stand at 77,69,971 (2.91% of total share capital; 31.52% of promoter holding). The encumbrance is below 50% of promoter holding and below 20% of total share capital.
Pledged shares are 31.52% of promoter holding and 2.91% of total share capital — not a major risk signal currently.