The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pushpa Devi Pungalia
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Pushpa Devi Pungalia, a member of the promoter group, sold 5,00,000 equity shares (0.401% of total share capital) of Vishnu Prakash R Punglia Limited through open market on December 22, 2025. Her holding declined from 65,10,000 shares (5.223%) to 60,10,000 shares (4.822%) of the company. The seller cited the purpose of the sale as generating liquidity for intended infusion of funds into the company. The company's total equity share capital is 12,46,44,000 shares of Rs 10 each, and this disclosure was filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011.
This is a modest reduction in promoter group stake, but the stated intent to reinvest the sale proceeds back into the company is a constructive signal suggesting continued promoter confidence. Investors should watch for further disclosures from other promoter group members and any announcements regarding capital infusion plans.