Responsive Industries has disclosed the creation of a pledge on shares by its promoter group entity, Fairpoint Tradecom LLP, in accordance with regulatory requirements.
The disclosure was filed on March 24, 2026, with both the BSE and NSE under Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing follows the master circular dated February 16, 2023, issued by SEBI (No. SEBVHO/CFD/PoD-1/P/CIR/2023/31).
The pledge creation by Fairpoint Tradecom LLP, a member of the promoter group, has been formally documented and submitted to the stock exchanges. The company’s shares are listed on the BSE with scrip code 505509 and on the NSE under the stock symbol RESPONIND.
Mohini Sharma, Company Secretary and Compliance Officer at Responsive Industries, signed the disclosure letter confirming receipt of the pledge notification from the promoter group. The filing was submitted to the Corporate Relationship Manager at BSE Limited and to the NSE’s Exchange Plaza office in Mumbai.
Under SEBI regulations, substantial shareholders and promoter groups are required to make timely disclosures of pledges created on their shareholdings. Such disclosures ensure market transparency and enable investors to assess potential changes in shareholding patterns and control structures.
The creation of pledges is typically undertaken as part of financing arrangements or corporate restructuring activities. The disclosure requirement mandates that any pledge of shares held by substantial shareholders or their group entities must be communicated to stock exchanges within the stipulated timeframe.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Kinjal and reviewed by Markets Desk before publication.