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 Kamal Kishor Pungalia
VPRPL · price
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Promoter Kamal Kishor Pungalia has disclosed creation of a pledge on 47,50,000 shares (3.81% of share capital) of Vishnu Prakash R Punglia Ltd in favour of HDFC Bank Limited. The reason cited is to generate liquidity for infusion of funds into the company and its listing on NSE and BSE. Post this creation, the promoter's total encumbered holding stands at 56,50,000 shares, which is 4.53% of the total share capital. The pledge was created on 26-12-2025 and the disclosure was filed with the exchange on 05-01-2026.
This is a routine promoter pledge creation for raising liquidity and supporting the company's planned NSE/BSE listing. No shares have been invoked or sold, so direct equity dilution risk is limited. However, rising pledged holdings are a soft negative signal that investors should track going forward.