Fairpoint Tradecom LLP Conducts Pledge Transactions Against Shares of Responsive Industries Ltd
Fairpoint Tradecom LLP, representing the Promoter Group, has been involved in various pledge transactions concerning its equity shares in Responsive Industries Ltd. These actions include the creation and subsequent release of pledges over a portion of the promoter holding.The promoter group holds 2,46,50,000 equity shares in Responsive Industries Limited, accounting for 9.25% of the total share capital. The pledged shares have been encumbered primarily as collateral against loans.
Details regarding the creation of pledge included the following:
- Shares Pledged: Fairpoint Tradecom LLP created a pledge of 74,69,971 shares (representing 2.80% of total share capital) on June 04, 2026.
- Recipient and Purpose: The shares were pledged in favor of Mrs. Suman Gandhi as collateral for a loan.
- Post-Event Holding: Following this transaction, the holder's holding of encumbered shares was reported as 3,00,00,000 shares (0.11%).
The transactions involving the promoter group and pledgee details are summarized below:
| Type of Event | Date | Shares Involved (Number) | Shares Involved (% of Total Capital) | Recipient/Encumbrance Detail |
|---|---|---|---|---|
| Pledge Creation | 04.06.2026 | 74,69,971 | 2.80% | Mrs. Suman Gandhi (Collateral for Loan) |
| Pledge Creation | 08.06.2026 | 1,00,000 | 0.04% | Mrs. Suman Gandhi (Collateral for Loan) |
Later, in a subsequent pledge release action on June 09, 2026, Fairpoint Tradecom LLP released an encumbrance related to shares pledged to Imperial Solutions Private Limited.
Key details of the pledge release are as follows:
- Shares Released: 3,20,000 shares (0.12% of total share capital).
- Releasee: The pledge was released in favor of Imperial Solutions Private Limited.
- Post-Event Holding: After this release, the post-event holding of encumbered shares stands at 74,49,971 shares (2.79%).
The promoter group maintains a total promoter shareholding of 2,46,50,000 equity shares in Responsive Industries Limited.
RESPONIND Stock Price Movement
As of 12:20 PM, shares of Responsive Industries Limited shed ₹1.42 or 0.83%, currently standing at ₹169.99 in live trading. The equity experiences volatility during the session, which has seen a day high of ₹172 and a low touching ₹169.5 amid 11,279 shares traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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