Promoter group pledges 15 lakh Responsive Industries shares
RESPONIND · price
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On the reaction day the stock moved 1.5 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.
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Fairpoint Tradecom LLP, part of the promoter group, pledged 15,00,000 Responsive Industries shares to Virtue Financial Services Private Limited on September 30, 2025 for personal borrowing. The pledge equals 0.56% of company capital. Total pledged promoter shares then covered 14.20% of the promoter stake, below the stated 50% promoter and 20% company capital thresholds.
The pledge raises default and possible sale risk, but no shares were sold or transferred. Promoter ownership remains 9.25%.