The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 16, 2026 for Vijay Punglia
VPRPL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Promoter Vijay Punglia submitted a revised disclosure under SEBI (SAST) Regulations to BSE on March 16, 2026, after the exchange pointed out that reasons for encumbrance (pledge creation, release or invocation) were missing in the earlier filing. The revised disclosure covers three events in February 2026: creation of a pledge on 15 lakh shares (1.20% of capital) with Imperial Solutions Pvt Ltd on Feb 20 to generate liquidity; invocation of 27 lakh shares (2.17%) with Imperial Solutions on Feb 23 due to pledge terms; and release of 42 lakh shares (3.37%) pledged with Bikewin Trading Pvt Ltd on Feb 24 linked to fund infusion into the company. Vijay Punglia's total holding in the company stays unchanged at 52.9 lakh shares (4.24%), but his encumbered shares have come down fully to zero from 4.24% earlier.
This is essentially a compliance correction and does not change the promoter's economic stake in the company. The full release of pledged shares removes any immediate encumbrance risk on the promoter's holding, which is mildly positive for the stock, but the promoter's overall shareholding remains small at 4.24%.