Responsive Industries Limited has informed the Exchange regarding 'Revised disclosure for creation of pledge by promoter group'.
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Responsive Industries Limited has submitted a revised disclosure (correcting a typo from a March 7, 2026 letter) regarding the creation of a pledge on shares held by promoter group entity Fairpoint Tradecom LLP. The pledge was originally created on March 5, 2026, for personal borrowing purposes. Two separate pledges were created: 3,00,000 shares (0.11% of total share capital) with Virtue Financial Services Limited, and 23,50,000 shares with Imperial Solutions Private Limited. After these pledges, Fairpoint Tradecom LLP's total encumbered holding stands at 64,49,971 shares, or 2.42% of the company's total share capital. The reason cited for the encumbrance is personal borrowing by the promoter group entity.
This is a procedural correction of an earlier disclosure and not a new event. The pledge is a relatively small portion of the promoter group's 9.25% stake and a very small fraction of total share capital, so the financial impact on shareholders is limited. Investors should note that the promoter group has pledged some of their shares for personal borrowings, which is a normal disclosure obligation.