Responsive Industries Limited has informed the Exchange regarding 'Disclosure for creation of pledge by promoter group of the company'.'.
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Fairpoint Tradecom LLP, a member of the promoter group of Responsive Industries (holding 9.25% stake or 2.46 crore shares), has created a new pledge on 6,00,000 equity shares (about 0.23% of total share capital). The pledge was split equally — 3,00,000 shares in favor of Virtue Financial Services Limited and 3,00,000 shares in favor of Imperial Solutions Private Limited — on March 20, 2026. The reason stated is personal borrowing by the promoter. After this pledge, total encumbered promoter shares rise to 70,49,971 (28.60% of promoter shareholding), up from 64,49,971 (26.17%). The encumbered shares are valued at approximately Rs. 9.02 crore. The pledged percentage remains well below the 50% promoter shareholding threshold.
This is a routine disclosure of pledge creation. While pledging of promoter shares for personal borrowing can be viewed as a mild negative signal, the size is small relative to total share capital and encumbrance remains comfortably below the 50% promoter shareholding threshold. Investors should monitor for any future pledge invocation, which could trigger forced selling and price pressure.