Responsive Industries has announced that its promoter, Fairpoint Tradecom, has created an encumbrance on 2,46,50,000 shares. This represents 9.25% of the total shareholding in the company. The encumbrance was created on 5th March 2026 and is categorised as a pledge for personal borrowing purposes.
The total number of shares encumbered by Fairpoint Tradecom now stands at 37,99,971, which accounts for 14.20% of the total shareholding. The encumbrance was made in favour of Virtue Solutions LLP, with the purpose of securing a financial borrowing.
This move is part of the company’s ongoing financial management strategy, as the promoters continue to leverage their holdings to meet financial obligations and capital requirements.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Business Desk and reviewed by Markets Desk before publication.