Nature of the Disclosure

Regulatory disclosure regarding creation of share pledge by promoter group entity Fairpoint Tradecom LLP in Responsive Industries Limited, filed under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and SEBI (Prohibition of Insider Trading) Regulations, 2015.

Key Quantitative Figures

  • Total promoter shareholding: 2,46,50,000 equity shares (9.25% of total share capital)
  • Shares pledged in this event: 74,49,971 equity shares (2.79% of total share capital)
  • Additional existing encumbered shares: 3,20,000 equity shares (0.12% of total share capital)
  • Total encumbered shares post-pledge: 77,69,971 equity shares (2.91% of total share capital)
  • Encumbered shares as percentage of promoter holding: 31.52%
  • Value of shares on date of agreement: ₹5,50,00,000

Dates of Action

  • Date of pledge creation: June 10, 2026
  • Date of reporting to exchanges: June 11, 2026
  • Date of company submission to exchanges: June 15, 2026

Parties Involved

  • Promoter group entity: Fairpoint Tradecom LLP (LLPIN: AAA-3299)
  • Listed company: Responsive Industries Limited (CIN: L65100MH1982PLC027797)
  • Entity in whose favor pledge created: Timelink Agencies Private Limited
  • Company signatory: Mehul Vala, Whole Time Director & CEO (DIN: 08361696)

Purpose and Rationale

  • The pledge was created as collateral for a personal loan taken by the promoters/PACs
  • End use of borrowed money: Personal use by promoters and PACs
  • Not for the benefit of the listed company

Entity Details

  • Timelink Agencies Private Limited is NOT a scheduled commercial bank, public financial institution, NBFC, or housing finance company
  • Nature of business of Timelink Agencies Private Limited: Not specified in disclosure

Financial Impact Assessment

  • The encumbrance represents personal borrowing by promoters and does not directly impact the listed company's financials
  • No financial impact on Responsive Industries Limited disclosed
  • The pledged shares represent 31.52% of the promoter group's total holding in the company
  • The encumbered shares (2.91% of total capital) are below the 20% threshold that would trigger additional disclosure requirements

Capital Structure Impact

  • No change to the total share capital of Responsive Industries Limited
  • Change only in the encumbrance status of existing promoter shares
  • No dilution effect on other shareholders