SYNOPSIS: Promoter of one of the leading global manufacturers and exporters of PVC-based products, Fairpoint Tradecom LLP, pledged an additional 3 lakh shares, increasing total encumbered shares to 37.99 lakh, representing 15.41 percent of its promoter holding.
During Tuesday’s trading session, shares of one of the leading global manufacturers and exporters of PVC-based products tumbled nearly 3 percent on the stock exchanges, after the company’s promoter created a fresh pledge of 3,00,000 equity shares.
With a market cap of Rs. 4,745.6 crores, shares of Responsive Industries Limited were trading in the red at Rs. 178 on BSE, down by around 2 percent, compared to its previous closing price of Rs. 181.75. The stock has delivered negative returns of over 11 percent in one year, but has gained by around 7 percent in the last one month.
News
As per the latest disclosures with the stock exchanges, Responsive Industries Limited has disclosed that its promoter group entity, Fairpoint Tradecom LLP, has created a fresh pledge on a portion of its shareholding.
Fairpoint Tradecom LLP currently holds 2,46,50,000 equity shares in the company, representing 9.25 percent of the total share capital. Out of this, 34,99,971 shares, equivalent to 14.2 percent of the promoter’s holding, were already encumbered prior to this transaction.
On 20th February 2026, the promoter entity created an additional pledge of 3,00,000 shares, accounting for 1.22 percent of the company’s total share capital, in favour of O J Financial Services Limited. The pledge has been created for the purpose of personal borrowing.
Following this transaction, the total number of encumbered shares held by the promoter group has increased to 37,99,971 shares, representing 15.41 percent of the promoter’s shareholding in the company.
Financials
Responsive Industries reported a decline in revenue from operations by over 15 percent YoY, from Rs. 368 crores in Q3 FY25 to Rs. 311 crores in Q3 FY26. Likewise, its net profit decreased during the same period from Rs. 47 crores to Rs. 22 crores, representing a fall of around 53 percent YoY during the same period.
Responsive Industries Limited is one of the leading India-based manufacturers of polyvinyl chloride (PVC)-based products with the product verticals viz. vinyl flooring, synthetic leather, luxury vinyl tile (LVT) and stone plastic composite (SPC), synthetic ropes and waterproof membrane (PVC specialised covers).
Globally, the company ranks as the 5th largest manufacturer, with more than 300 international distributors across 70 countries and is amongst the top 5 producers of vinyl flooring globally, along with extensive retail presence across the developed markets of Europe and North America.
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