RESPONSIVE INDUSTRIES LTD.

Responsive Industries Ltd has announced that its Board of Directors will convene on October 30, 2026. The primary agenda is to consider and approve the Unaudited Standalone & Consolidated Financial Results for the quarter and half-year ended September 30, 2026. Concurrently, the trading window for designated persons and their relatives will be closed until 48 hours after the board meeting concludes, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The company will also make this disclosure available on its website.

Responsive Industries Ltd announced the resignation of Mr. Sanjiv Swarup as Non-Executive Independent Director, effective October 22, 2026. Mr. Swarup cited personal and professional reasons, including statutory limitations on directorships, as the cause for his departure. He confirmed there are no other material reasons for his resignation. The company expressed gratitude for his contributions during his tenure. Details of his directorships in other listed entities and committee memberships are provided in the filing.

Mr. Sanjiv Swarup has resigned as a Non-Executive Independent Director of Responsive Industries Ltd., effective October 22, 2026. The resignation also includes his membership in various board committees. Mr. Swarup cited personal and professional reasons, along with statutory limitations on directorships, as the cause for his departure. He confirmed there are no other material reasons for his resignation. The company expressed gratitude for his contributions.

Responsive Industries Limited has disclosed that Fairpoint Tradecom LLP, a promoter group entity, has released a pledge on 83,95,971 equity shares, representing 3.15% of the total share capital. This release occurred on September 24, 2026. The promoter group's total holding in the company is 2,46,50,000 shares, or 9.25% of the total share capital. The filing also notes a creation of pledge for 7,00,000 shares (0.26%) on September 25, 2026, and another creation of pledge for 10,00,000 shares (0.38%) on September 29, 2026, both by Fairpoint Tradecom LLP for margin trading purposes.

Responsive Industries Ltd has announced the closure of its trading window for designated persons in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will be shut from October 1, 2026, until 48 hours after the board meeting where the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026, are approved. The exact date of the board meeting will be communicated later. This measure is standard practice to prevent insider trading during the sensitive period leading up to financial result announcements.

Responsive Industries Ltd's Board of Directors, in a meeting held on September 17, 2026, decided not to proceed with a proposed buy-back of equity shares at this time. The decision was made after considering prevailing market conditions, global economic uncertainties, and their potential impact on the company's export business. The board indicated that the buy-back proposal may be reconsidered in the future under more favorable market and business conditions, subject to regulatory compliance. The trading window for designated persons will remain closed until 48 hours after the board meeting conclusion.

Responsive Industries Ltd has announced that its Board of Directors will convene on September 17, 2026, to consider a proposal for the buy-back of the company's equity shares. Concurrently, the trading window for designated persons and their immediate relatives will be closed from the announcement until 48 hours after the board meeting concludes, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The company will also upload this intimation on its website.

Responsive Industries Limited has disclosed that Fairpoint Tradecom LLP, a promoter group entity, has created a pledge on a portion of its equity shares. This action, reported on August 31, 2026, involves 75,95,971 shares, representing 2.85% of the total share capital, for margin trading purposes with Bajaj Financial Securities Limited. An additional 1,00,000 shares were pledged with Imperial Solutions Private Limited, and 4,00,000 shares with Virtue Financial Services Private Limited, all for loan collateral. The total encumbered shares by the promoter group amount to 3.69% of their holding.

Responsive Industries Ltd has announced the closure of its trading window for designated persons, effective July 1, 2026. This closure is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The trading window will remain shut until 48 hours after the conclusion of a Board Meeting. This meeting is scheduled to consider a proposal for the buy-back of the company's equity shares. The exact date of the Board Meeting will be communicated in due course. This measure is standard practice to prevent insider trading during sensitive corporate actions.

Responsive Industries' Q1 FY27 consolidated print was a sharp miss against both our pre-result preview and its recent run-rate: revenue of ₹192.87 Cr came in well below the ₹340-360 Cr the preview had flagged, and net profit of ₹2.74 Cr missed the ₹15-20 Cr floor by a wide margin. Against the year-ago quarter, revenue is down 43.1% (₹338.71 Cr to ₹192.87 Cr) and PAT is down 94.5% (₹49.87 Cr to ₹2.74 Cr); sequentially, revenue fell 55.2% and PAT fell 88.0% from Q4 FY26. EPS dropped to ₹0.10 from ₹1.87 a year ago. Net profit margin compressed to 1.41% from 14.63% YoY, consistent with the bearish Street stance going in (68 analysts rated the stock Sell pre-result, with consensus targets implying 35-40% downside). The bulk of the revenue decline traces to the Cost of Traded Goods Purchased line, which fell to ₹18.53 Cr this quarter from ₹263.86 Cr in Q4 FY26 and ₹136.72 Cr in Q1 FY26 — a low-margin, pass-through trading/distribution business, so its pullback explains why margins didn't collapse in proportion to revenue. EBITDA-level margin (OPM) actually held at 12.09%, within the 11-13% band flagged pre-result and up from 10.77% last quarter, though still well off the 21.43% posted a year ago. The bigger squeeze shows up below the operating line, where finance costs and depreciation absorbed a much larger share of a smaller revenue base; net margin fell to a fraction of its year-ago level even as PBT before exceptional items (₹3.64 Cr) stayed marginally positive. There were no exceptional items this quarter, so the weakness is purely operational, not one-off-driven. Standalone and consolidated tell a broadly similar story: standalone revenue was ₹148.28 Cr with PAT of ₹2.54 Cr, while the three foreign subsidiaries (Hong Kong and USA units, covering the export/LVT vinyl-flooring business the preview flagged as a bull case) added ₹45.60 Cr of revenue but just ₹0.20 Cr of profit and a negative ₹(0.23) Cr other comprehensive income, per the auditor's review note — thin overseas profitability this quarter, not the offsetting driver bulls had hoped for. Management gives no formal guidance on record for this business, so vsGuidance cannot be assessed against a stated target; no separate management commentary accompanied this filing beyond the board-outcome letter, which addressed only the buyback process and said nothing about operating performance. Concurrently, the Board formed a Buy-Back Committee to evaluate a proposed share buyback — flagged pre-result as a possible catalyst — but deferred size, pricing and timing to a future meeting, alongside a previously-set ₹0.10/share dividend record date of August 14, 2026 and the FY26 BRSR filing ahead of the August 24 AGM. Going into Q2 FY27, the key markers are whether the traded-goods/distribution line rebounds or the pullback is structural, whether the ~12% OPM band holds as a floor, and what size and terms the Buy-Back Committee eventually proposes.