Responsive Industries: Fairpoint Tradecom Releases Pledge of 3 Lakh Equity Shares

Fairpoint Tradecom LLP, a promoter group entity of responsive industries , has released the pledge of 3,00,000 equity shares on April 29, 2026. The disclosure was submitted to BSE Limited and National Stock Exchange of India Limited under Regulation 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, read with the master circular dated February 16, 2023 issued by SEBI. The shares were released in favour of Imperial Solutions Private Limited.

Shareholding Details

Fairpoint Tradecom LLP holds 2,46,50,000 shares in Responsive Industries Limited, representing 9.25% of the total share capital. Prior to the release, the promoter group had 77,69,971 shares encumbered, accounting for 2.91% of the total share capital. Following the release of 3,00,000 shares, the total encumbered shares now stand at 74,69,971, which represents 2.80% of the total share capital.

Parameter Number of Shares % of Total Share Capital Total Promoter Holding 2,46,50,000 9.25 Encumbered Shares (Pre-release) 77,69,971 2.91 Shares Released 3,00,000 0.11 Encumbered Shares (Post-release) 74,69,971 2.80

Encumbrance Details

The value of the shares on the date of the event was Rs.4,75,20,000. The encumbered shares as a percentage of promoter shareholding stand at 31.5%. The disclosure confirmed that the encumbered shares do not constitute 50% or more of the promoter shareholding, nor do they represent 20% or more of the total share capital of the company.

Company Information

Responsive Industries Limited is listed on both BSE Limited with scrip code 505509 and National Stock Exchange of India Limited with stock symbol RESPONIND. The company's registered office is located at Mahagaon Road, Betegaon Village, Boisar (East), Tal. Palghar, Dist. Thane 401 501, Maharashtra, India. The disclosure was signed by Mehul Vala, Whole Time Director & CEO of Responsive Industries Limited.

Responsive Industries Limited has successfully completed its postal ballot process, with shareholders delivering overwhelming support for a key board appointment. The company announced the voting results on April 14, 2026, following the conclusion of remote e-voting on April 11, 2026.

Postal Ballot Results

The special resolution for appointing Ms. Jeny Vinod Kumar Gowadia (DIN: 03014009) as Non-Executive Independent Director received exceptional shareholder support. The voting results demonstrate strong confidence in the proposed appointment across all shareholder categories.

Voting Category: Votes Cast Percentage In Favour: 162907293 99.9998% Against: 250 0.0002% Total Valid Votes: 162907543 100%

Voting Process and Timeline

The postal ballot process followed a structured timeline to ensure comprehensive shareholder participation. The company initiated the process with a notice dated February 13, 2026, followed by systematic communication to all eligible members.

Key Timeline Events

Notice Date: February 13, 2026

Cut-off Date: March 06, 2026

E-voting Commencement: March 13, 2026 at 09:00 A.M. (IST)

E-voting Conclusion: April 11, 2026 at 05:00 P.M. (IST)

Results Declaration: April 14, 2026

Shareholder Category-wise Participation

The voting pattern across different shareholder categories reveals strong institutional support for the appointment. M/s. MUFG Intime India Private Limited provided the remote e-voting platform, facilitating secure electronic voting for all eligible shareholders.

Category: Shares Held Votes Polled Polling % Approval Rate Promoter and Promoter Group: 157663945 154039476 97.70% 100.00% Public Institutions: 29010714 8866363 30.56% 100.00% Public Non-Institutions: 79933885 1704 0.002% 85.33%

Scrutinizer Confirmation and Compliance

M/s. Mayank Arora & Co., Practising Company Secretaries, served as the appointed scrutinizer for the postal ballot process. The scrutinizer confirmed that the voting process was conducted in accordance with applicable laws and maintained fair and transparent procedures throughout.

The company has fulfilled all regulatory requirements under Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The voting results and scrutinizer's report have been uploaded on the company's website and submitted to both BSE Limited and National Stock Exchange of India Limited.

Board Appointment Details

Ms. Jeny Vinod Kumar Gowadia will serve as Non-Executive Independent Director for a term of five years, subject to the overwhelming shareholder approval received through this postal ballot. The appointment strengthens the company's board composition with independent oversight and governance expertise.

The successful completion of this postal ballot process demonstrates strong shareholder confidence in the company's governance decisions and board composition strategy.

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