The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on January 05, 2026 for Manohar Lal Punglia
VPRPL · price
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Promoter Manohar Lal Punglia, who holds 82,20,000 shares (6.59% of total share capital) in Vishnu Prakash R Punglia Ltd, filed a disclosure covering share encumbrance activity between 24-12-2025 and 31-12-2025. He created three new pledges totalling 16,00,000 shares (~1.28% of capital), including a 10 lakh share pledge with HDFC Bank Limited specifically to raise liquidity for infusing funds into the company itself. Over the same period, he also released five existing pledges totalling around 12.17 lakh shares following closure of underlying loans with entities like Comfort Fincap and Nidhi Castings & Alloys. As a result, the promoter's encumbered shareholding came down from 5.16% to 4.68% of total share capital — a net reduction in pledged shares.
The net decline in pledged shares is mildly positive for shareholders, indicating reduced encumbrance risk. Notably, one of the new pledges is aimed at raising liquidity to be infused directly into the company, which signals the promoter's continued confidence and commitment to fund the business.