The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vishnu Prakash Punglia
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Awaiting price reaction for this filing.
Promoter Vishnu Prakash Punglia sold 6,00,000 shares (about 0.48% of the company) through the open market on 18th September 2025. After this sale, his holding in the company has come down from 9.045% (1.12 crore shares) to 8.564% (1.07 crore shares). The disclosure was filed under SEBI's takeover regulations on 22nd September 2025. Importantly, the promoter stated the reason for the sale was to generate liquidity for infusing funds back into the company.
The size of the sale is small (under 1% of equity) and is partly offset by the stated intent to reinvest proceeds into the company, which is mildly reassuring for investors. Promoter stake sales are generally watched as a confidence signal, so any further sales would warrant closer attention.