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Responsive Industries Discloses Pledge Creation on Promoter Group Shares

Story Highlights
  • Responsive Industries’ promoter group entity Fairpoint Tradecom LLP has created a pledge over certain company shares.
  • The company reported the pledge in line with SEBI takeover regulations, enhancing transparency on encumbered promoter holdings.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Responsive Industries Discloses Pledge Creation on Promoter Group Shares

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Responsive Industries Limited ( (IN:RESPONIND) ) has provided an announcement.

Responsive Industries Limited disclosed that a member of its promoter group, Fairpoint Tradecom LLP, has created a pledge over certain shares of the company. The disclosure has been made in compliance with Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, signaling the encumbrance of promoter-held shares and providing investors with transparency on changes in security interests.

More about Responsive Industries Limited

Responsive Industries Limited is an India-listed company whose shares trade on BSE and the National Stock Exchange under the symbol RESPONIND. The company is closely held by a promoter group that includes Fairpoint Tradecom LLP, which actively manages a significant stake and related encumbrances in the company’s equity.

Average Trading Volume: 15,944

Technical Sentiment Signal: Sell

Current Market Cap: 33.78B INR

Learn more about RESPONIND stock on TipRanks’ Stock Analysis page.

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