The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ajay Pungalia
VPRPL · price
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Ajay Pungalia, a promoter of Vishnu Prakash R Punglia Ltd, sold 5,00,000 equity shares (0.401% of the company's share capital) through an open market transaction on 1st September 2025. After this sale, his holding in the company has come down from 86,00,000 shares (6.899%) to 81,00,000 shares (6.498%). The total equity share capital of the company stands at 12,46,44,000 shares of Rs 10 each. The promoter has stated that the sale was done to generate liquidity for an intended infusion of funds into the company, which may indicate a forthcoming capital contribution by the promoter.
Though this is a promoter offloading, the stated reason suggests the promoter plans to reinvest proceeds back into the company, which could be viewed as a positive sign of commitment. Near-term, the small stake sale (under 1%) is unlikely to materially impact the stock price.