The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pooja Punglia
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Pooja Punglia, a member of the promoter group of Vishnu Prakash R Punglia Limited, sold 10,95,000 shares (0.88% of share capital) in the open market on March 10 and 11, 2026. Her holding dropped from 25,00,000 shares (2.00%) to 14,05,000 shares (1.12%) of the company. The reason cited for the sale is to generate liquidity for an intended infusion of funds back into the company, suggesting the promoter plans to bring fresh capital in through another route. The company's total equity share capital is 12,46,44,000 shares of Rs 10 each, or roughly Rs 124.6 crore. The disclosure was filed under Regulation 29(2) of the SEBI Takeover Code.
Although the stake sold is small (under 1% of equity), open-market selling by a promoter group member is usually watched with mild caution by investors. However, the stated intent to reinvest the sale proceeds into the company may offset some of the negative sentiment and could be a positive signal if the fresh infusion materialises.