Responsive Industries promoter creates pledge on 2.46 crore shares Tezzbuzz  |  2026-03-09 16:24:30

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.

Read more
Sunny Hinduja on fans asking for UPSC advice after ‘Aspirants’ success
Khelja
Mika Singh Backs Ranveer Singh Amid Don 3 Fallout With Farhan Akhtar, Says ‘Will Talk To FWICE’
Abplive
Honey Singh On His Bipolar Disorder Struggle, Says 'Fame Meant Nothing, I Wanted Death'
Abplive
5 easy tips for better voice commands
Newspoint
How Mindtrip makes virtual travel more fun and easy
Newspoint
AI app creates fun lifestyle quizzes
Newspoint
Earth could lose half its population by 2064, says study
Newspoint
Government refuses to disclose if SOP exists for deporting Bangladeshis
Newspoint
SARTHAK-PDS will strengthen food security for 81.35 crore NFSA beneficiaries: Dharmendra Pradhan
Newspoint
ENG W vs IND W 2026: Danni Wyatt-Hodge and Maia Bouchier added to England squad vs India
Newspoint