The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pushpa Pungalia
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Pushpa Pungalia, a member of the promoter group of Vishnu Prakash R Punglia Ltd, sold 9,00,000 equity shares (0.722% of paid-up capital) via the open market on December 19 and December 22, 2025. Her holding in the company declined from 69,90,000 shares (5.608%) to 60,90,000 shares (4.886%) after the transaction. The total equity share capital of the company remains 12,46,44,000 shares of Rs 10 each. The stated reason for the sale is to generate liquidity for the intended infusion of funds into the company.
While any promoter sale can create short-term supply pressure on the stock, the stated reason — raising funds to reinvest back into the company — is a relatively reassuring signal for shareholders, suggesting continued promoter commitment rather than an exit.