Promoter group entity releases pledge on 10,00,000 shares, creates pledge on 10,00,000 shares
Responsive Industries has disclosed pledge-related events reported by Fairpoint Tradecom LLP (Promoter Group).
By ScoutQuest · · 2 min read
- Pledge Released
- 7,00,000 shares (0.26%) on 24-09-2026 and 3,00,000 shares (0.11%) on 25-09-2026
- Pledge Created
- 10,00,000 shares (0.38%) on 29-09-2026
- Encumbered Holding After Events
- 90,95,971 shares (3.41%) — the same as before the events
Fairpoint Tradecom LLP, a promoter group entity of Responsive Industries, has reported creation and release of pledge on the company's equity shares.
Events reported
- 24-09-2026: release of pledge on 7,00,000 shares, or 0.26% of total share capital
- 25-09-2026: release of pledge on 3,00,000 shares, or 0.11% of total share capital
- 29-09-2026: creation of pledge on 10,00,000 shares, or 0.38% of total share capital
Where the encumbrance stands
Before these events the encumbered holding was 90,95,971 shares, or 3.41% of total share capital. After the three events the encumbered holding is again 90,95,971 shares, or 3.41%.
Who holds the encumbrance
The shares are encumbered in favour of Central Depository Services (India) Limited. The entity is not a scheduled commercial bank, public financial institution, NBFC or housing finance company, and the nature of its business is stated as activities auxiliary to financial intermediation. There are no other entities named in the agreement.
Why the pledge
The reason stated for every one of the three events is margin pledge / margin trading funding for trading on the stock exchange. On the end use of the borrowed money, the update marks personal use by promoters and PACs, and marks "for the benefit of listed company" as not applicable.
The big picture
- Promoter holding: 2,46,50,000 equity shares, or 9.25% of total share capital
- Encumbered shares as a percentage of promoter shareholding: 36.90%
- Encumbered share is 50% or more of promoter shareholding: No
- Encumbered share is 20% or more of total share capital: No
Values recorded for the shares on the date of each event
- Released pledge of 7,00,000 shares: Rs.11,06,14,000
- Released pledge of 3,00,000 shares: Rs.4,83,69,000
- Created pledge of 10,00,000 shares: Rs.16.81 crore
In simple terms, a promoter group entity has freed some shares from pledge and pledged a similar number afresh, leaving its total encumbered position unchanged at 90,95,971 shares. The pledge is tied to margin trading funding, and the update states the encumbered portion is below half of this entity's holding and below a fifth of total share capital.
Also from Responsive Industries
Board meeting on October 30, 2026 to approve September quarter and half-year results
23 Oct 2026
Non-Executive Independent Director Sanjiv Swarup tenders resignation
22 Oct 2026
More numbers
- Promoter holding in the company2,46,50,000
- Promoter holding as % of total share capital9.25%
- Encumbered holding before the events90,95,971
- Shares released from pledge on 24-09-20267,00,000
- Shares released from pledge on 25-09-20263,00,000
- Shares pledged on 29-09-202610,00,000
- Encumbered shares as % of promoter shareholding36.90%
- Value of shares for pledge created on 29-09-2026Rs.16,80,90,000/-
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