Sanjay Kumar Popli declares 26.81% stake in Victory Electric Vehicles
Sanjay Kumar Popli disclosed a 26.81% stake in Victory Electric Vehicles International, holding 64,60,000 equity shares as of FY26. The shares are free from encumbrances, with no pledges or liens created during the year.

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Sanjay Kumar Popli has declared a substantial shareholding of 26.81% in Victory Electric Vehicles International for the financial year ended March 31, 2026. The disclosure, submitted to the National Stock Exchange of India Limited, confirms that Popli holds 64,60,000 equity shares, representing a significant portion of the company's total paid-up equity share capital.
The declaration was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires individuals holding substantial stakes to disclose their holdings and the status of those shares to the stock exchanges.
Popli confirmed that the shares held are free from any encumbrance. Furthermore, he stated that no pledge, lien, or non-disposal undertaking was created, directly or indirectly, on the said shares during the financial year ended March 31, 2026, except as previously disclosed.
The following table details the shareholding disclosed:
| Shareholder | Shares Held | Percentage of Paid-up Capital |
|---|---|---|
| Sanjay Kumar Popli | 64,60,000 | 26.81% |
The declaration, dated April 6, 2026, was submitted from Delhi for the exchange's records.
Historical Stock Returns for Victory Electric Vehicles International
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.54% | +6.63% | +19.35% | -43.51% | -43.51% | -43.51% |
Will this substantial shareholding trigger any changes in the company's board composition or governance structure?
Could Popli's increased stake signal potential strategic shifts or new business directions for Victory Electric Vehicles?
How might the market react to this disclosure in terms of stock price or investor sentiment?


























