The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pushpa Devi Pungalia
VPRPL · price
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Awaiting price reaction for this filing.
Pushpa Devi Pungalia, a member of the promoter group of Vishnu Prakash R Punglia Ltd, sold 6,00,000 equity shares (0.481% of total share capital) through the open market on December 18, 2025. Her stake in the company dropped from 71,10,000 shares (5.704%) to 65,10,000 shares (5.223%). The total equity share capital of the company stands at approximately 12.46 crore shares of Rs 10 each. The disclosure was filed on December 22, 2025, as required under SEBI SAST Regulation 29(2). The stated reason for the sale is to generate liquidity for an intended infusion of funds back into the company.
This is a relatively small open-market sale by an individual promoter-group member, so direct price impact is likely limited. The stated intent to reinvest proceeds into the company is mildly reassuring for long-term shareholders, though any promoter selling can create short-term sentiment overhang.