The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on January 30, 2026 for Manohar Lal Punglia
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Promoter Manohar Lal Punglia has created fresh pledges on his equity shares in Vishnu Prakash R Punglia Ltd, reported to the exchanges on January 30, 2026, under SEBI SAST Regulations. Three separate pledge creation events were logged on January 20-21, 2026, in favour of KRChoksey Financial Services, Comfort Fincap Services, and HDFC Bank, with the stated reason being to meet margin shortfall requirements. The promoter's total shareholding remains unchanged at 6.59% of total share capital, but the pledged (encumbered) portion has moved from 5.16% to 5.42% of the company's share capital. Effectively, roughly 82% of the promoter's stake is now encumbered, meaning over 50% of his holdings are pledged to lenders.
High pledge ratio (>50% of promoter holding) is a red flag signalling potential financial stress on the promoter, and any further margin shortfall could force a sale of pledged shares, creating overhang risk for retail shareholders.