Vishnu Prakash R Punglia Limited has confirmed that its promoters and persons acting in concert did not create any encumbrances on their shares during the financial year 2025-26, other than those previously disclosed. Promoter Manohar Lal Punglia submitted the declaration to BSE Limited and National Stock Exchange of India Limited on April 08, 2026, in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure ensures transparency regarding the pledging or hypothecation of promoter holdings, a key metric for investor risk assessment.

The filing provides a detailed list of promoters and members of the promoter group as on March 31, 2026. The promoter group collectively holds 55,598,276 shares, representing 44.6057% of the company's total paid-up share capital and voting rights. Vishnu Prakash Punglia is the largest individual shareholder among the promoters, holding 10,675,000 shares, which accounts for an 8.5644% stake. Manohar Lal Punglia holds 8,220,000 shares, translating to a 6.5948% ownership in the company.

Other significant shareholders within the promoter group include Ajay Pungalia and Kamal Kishor Pungalia, holding 5.3352% and 4.5329% respectively. The list includes numerous individuals and entities associated with the promoter group, some of whom hold zero shares. The declaration explicitly states that no fresh encumbrances were made on these holdings during the specified financial year, ensuring that the previously disclosed status remains unchanged.

Promoter Shareholding Details

The following table outlines the shareholding of key promoters and members of the promoter group as of March 31, 2026:

The disclosure was signed by Manohar Lal Punglia on behalf of the Promoter & Promoter Group and persons acting in concert. The document was filed for the information and record of the stock exchanges and the company's audit committee.

Vishnu Prakash R Punglia Limited reported a net loss of ₹1,501.16 million for the financial year ended March 31, 2026, reversing the net profit of ₹585.96 million in FY25. The infrastructure firm attributed the loss before tax of approximately ₹151.77 crore during the quarter to exceptional, non-recurring, and timing-related factors rather than a deterioration in business fundamentals. Management emphasized that significant recoveries are expected from contractual claims, pending approvals, and price escalation provisions, ensuring long-term viability.

The Board of Directors approved the standalone financial results on May 30, 2026. The results were reviewed by the Audit Committee and accompanied by an audit report from Statutory Auditors M/s Banshi Jain & Associates Chartered Accountants. While the auditors issued an unmodified opinion, they highlighted material uncertainty relating to going concern due to a severe cash crunch caused by delays in receivables. The company published the audited financial results in the Financial Express and Navshakti on June 2, 2026, pursuant to Regulation 47 of SEBI (LODR) Regulations, 2015.

Financial Performance

Revenue from operations for the year fell to ₹8,511.95 million from ₹12,374.18 million in FY25, while total income stood at ₹8,613.95 million. Total expenses for the year totaled ₹10,286.91 million, compared to ₹11,656.74 million in the previous year. Basic and Diluted Earnings Per Share (EPS) for the year stood at (12.04), compared to 4.70 in the prior year.

The quarter ended March 31, 2026 reflected a sharp deterioration, with the company reporting a net loss of ₹1.3 billion against a net profit of ₹162 million in the same quarter of the prior year. Revenue from operations fell to ₹1 billion from ₹4.05 billion, while EBITDA swung to a loss of ₹1.3 billion from a gain of ₹456 million.

One-Time Challenges and Provisions

Management identified specific factors driving the quarterly loss, including the termination of the Jaipur–Sawai Madhopur project, which resulted in a total impact of ₹22.42 crore. This included a one-time charge of approximately ₹12.46 crore and an exceptional item of ₹9.96 crore recognized in the previous quarter. The company also reversed revenue of ₹17.65 crore due to pending departmental approvals and incurred additional project costs of approximately ₹32.00 crore due to delayed payments by government departments.

Furthermore, the company recognized Expected Credit Loss (ECL) provisions and other accounting provisions aggregating approximately ₹65 crore during the quarter. Management stated that these provisions are accounting-driven adjustments and do not necessarily represent actual cash losses. The company repaid and closed borrowing facilities aggregating approximately ₹340 Crore during the year to manage liquidity constraints.