Responsive Industries Limited has informed the Exchange regarding 'Disclosure for creation of pledge by the promoter group of the company'.
RESPONIND · price
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Responsive Industries Limited informed the exchanges that Fairpoint Tradecom LLP, part of the promoter group, has created a new pledge on 7,20,000 equity shares (0.27% of total share capital) in favour of Imperial Solutions Private Limited on March 30, 2026. The reason stated is personal borrowing by the promoter. After this pledge, Fairpoint Tradecom LLP's total encumbered shares stand at 77,69,971 shares (2.91% of share capital), up from 70,49,971 shares (2.64%) earlier. The entity's encumbered shares are 28.60% of its own promoter shareholding, which is well below the 50% mark.
The pledge is small in size and tied to personal borrowing rather than company-level debt. The promoter group's encumbered position remains well below 50% of its own holding and well below 20% of total share capital, so this is a routine disclosure with limited concern for shareholders.