The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on February 20, 2026 for Vijay Punglia
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Promoter Vijay Punglia has released 10,00,000 shares (0.80% of total share capital) from an existing pledge held with Imperial Solutions Private Limited. The encumbrance (pledge) was released on February 11, 2026, and the disclosure was reported to the exchanges on February 20, 2026. After this release, the promoter's remaining pledged shares stand at 3,50,000 shares, equal to 2.81% of total share capital. The promoter's overall shareholding in the company remains 52,90,000 shares (4.24% of share capital).
A pledge release is generally viewed positively by investors as it reduces the promoter's encumbered holdings and lowers the risk of forced selling. The encumbrance level is quite small relative to total share capital, suggesting limited risk concern for shareholders.