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 Sanjay Kumar Punglia
VPRPL · price
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Promoter Sanjay Kumar Punglia has created a new pledge of 47,50,000 shares, equal to 3.81% of the company's total share capital, in favor of HDFC Bank Limited on December 29, 2025. This pledge covers roughly 84% of his individual shareholding of 56,49,883 shares (4.53% of total share capital). Before this event, the promoter had zero encumbered shares, so this is a fresh pledge. The stated purpose is to raise liquidity for infusion of funds into an intended company.
Pledging about 84% of personal holdings is a high level of encumbrance and signals the promoter is leveraging shares aggressively to raise funds, which can increase downside risk for minority shareholders if the stock price falls and the pledge is invoked.