The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on December 30, 2025 for Manohar Lal Punglia
VPRPL · price
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On the reaction day the stock moved 7.9 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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Manohar Lal Punglia, a promoter of Vishnu Prakash R Punglia Ltd (holding 82.20 lakh shares or 6.59% of total share capital), has filed a disclosure under SEBI's SAST Regulations. On December 19, 2025, KR Choksey Financial Services Private Limited invoked a pledge on 2 lakh shares (0.16% of share capital). On December 22, 2025, three new pledges were created with Comfort Fincap Limited (3 lakh shares, 0.24%), Nidhi Alloys Private Limited (4 lakh shares, 0.32%), and Castings And... (83,000 shares, 0.07%). The stated reason for all encumbrances was 'meeting margin shortfall.' Post-event, the promoter's total encumbered shareholding rose from 3.57% to 4.36% of share capital.
A pledge invocation signals potential margin pressure on the promoter, which is a mild negative signal for shareholders. However, total encumbrance remains low at around 4.36% of total share capital, so the immediate risk to shareholding is limited.