The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on December 16, 2025 for Manohar Lal Punglia
VPRPL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter Manohar Lal Punglia has filed a SAST Regulation 31(1)/31(2) disclosure reporting the creation of fresh pledges on company shares. Two pledge events were recorded: 1,50,000 shares (0.12% of share capital) pledged on 08-Dec-2025 with KRChoksey Financial Services, and 1,45,000 shares (0.12%) pledged on 10-Dec-2025 with Castings And Alloys Nidhi Private Limited. In both cases, the reason cited was to meet margin shortfall. Total promoter holding in the company stands at 82,20,000 shares, which is just 6.59% of total share capital.
Although the pledged quantities are small in absolute terms, the encumbrance has been created solely to meet margin shortfall, which is mildly negative as it indicates liquidity pressure on the promoter. However, since promoter holding itself is very low at 6.59%, the overall impact on stock price is likely to be limited.