Vishnu Prakash R Punglia Ltd disclosed that promoter Pushpa Devi Pungalia released a pledge on 23,00,000 equity shares on August 24, 2026. The move significantly reduces the promoter’s encumbered stake in the company.

The disclosure was filed with stock exchanges and the target company in compliance with Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The reporting date for this event was August 27, 2026.

Shareholding Details

Pushpa Devi Pungalia holds a total of 25,35,493 shares in Vishnu Prakash R Punglia Ltd, representing 2.03% of the total share capital. Prior to this release, she had encumbered 24,00,000 shares, which accounted for 1.93% of the total share capital.

The pledge was originally created in favor of Nidhi Castings and Alloys Private Limited. The release was executed pursuant to the terms of the financing agreement between the parties.

What the Numbers Show

The release covers 85% of the previously pledged block held by Pushpa Devi Pungalia. Post-release, only 1,00,000 shares remain under encumbrance, reducing the promoter’s pledged percentage from 1.93% to 0.08% of the total share capital. This indicates a substantial de-leveraging of the promoter’s collateral position with the specified lender.

Promoter Vishnu Prakash Punglia revoked the pledge on 25,53,491 shares of Vishnu Prakash R Punglia , representing 2.05% of the company’s total voting capital. The transaction was executed on August 21, 2026.

The disclosure was filed with the Bombay Stock Exchange and the National Stock Exchange on August 25, 2026, pursuant to Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The pledge was originally created in favor of Sidhpu R Commoties Pvt. Ltd.

Holding Structure Changes

Prior to the pledge revocation, Vishnu Prakash Punglia held 72,66,000 shares in the target company, constituting 5.83% of the total share capital. Of this holding, 71,50,000 shares (5.74%) were encumbered through pledges.

Following the release of the pledge, the promoter’s unencumbered holding increased. The encumbered portion decreased by the released amount. The total promoter holding remains at 72,66,000 shares.

Transaction Details

The table below outlines the encumbrance details as per the regulatory filing:

The revocation pertains to shares pledged to Sidhpu R Commoties Pvt. Ltd. The filing indicates that 459,650 shares (3.69%) remain part of the broader encumbrance structure or related holdings as disclosed in the report.

Total Stake Remains Constant

The promoter’s aggregate holding in the company stands at 72,66,000 shares, equivalent to 5.83% of the total diluted share capital. This figure includes both voting rights and encumbered shares.

The total equity share capital of Vishnu Prakash R Punglia Limited remains at 12,46,44,000 equity shares of ₹10 each, aggregating to ₹1,24,64,40,000. No new shares were issued or acquired during this transaction; the change reflects only a shift in the lien status of existing holdings.