The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sanjay Kumar Punglia
VPRPL · price
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Awaiting price reaction for this filing.
Sanjay Kumar Punglia, one of the promoters of Vishnu Prakash R Punglia Limited, sold 6,00,000 equity shares (0.481% of paid-up capital) through the open market on 18th September 2025. His holding dropped from 68,49,883 shares (5.495%) to 62,49,883 shares (5.014%), effectively breaching the 5% disclosure threshold on the lower side. The disclosure was filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011 with both BSE and NSE on 22nd September 2025. The promoter has stated the reason for the sale as generating liquidity for an intended infusion of funds back into the company.
The promoter remains comfortably part of the company with over 5% stake intact, so this is not a major exit. However, the open market sale even at this size may be read as a mild negative by short-term traders, though the stated intent to reinvest funds into the company partially offsets the concern.