Announced Fri, 28 Aug · 12:22 IST
Promoter Ajay Pungalia releases 5.05% pledged shares
VPRPL · price
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Price reaction · full curve 14 horizons · vs prior close
+0.3%1-day move
₹33.39
prior close
₹32.35
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1+0.1+0.1+0.1+0.3-1.6+5.5+7.7+9.0+9.3+1.8———
Up moveDown movePending
AI summary
Promoter Ajay Pungalia released 66.50 lakh pledged shares (5.05% of share capital) on 24 August 2026, reported to exchanges on 27 August. Pledged shares were held by Nidhi Castings and Alloys Private Limited. Post-release, only 1.75 lakh shares (0.14%) remain encumbered, down from the prior 5.34% encumbered holding. The release was pursuant to terms of the financing undertaking or agreement.
Likely market impact
Pledge release cuts promoter encumbered holding to 0.14%, signaling reduced financial stress and lower risk of forced invocation.