Vishnu Prakash R Punglia Limited has announced that its board meeting will be held on Saturday, May 30, 2026. The meeting has been convened pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Agenda for the Meeting

The Board of Directors will consider several key proposals during the session. The primary agenda includes the review and approval of the audited financial results of the company for the quarter and year ended March 31, 2026.

Furthermore, the board will deliberate on recommending to the members an increase in the authorised share capital. This proposal includes a consequent alteration of the capital clause in the Memorandum of Association of the company.

Capital Restructuring Proposals

In addition to the financial results, the board will consider the conversion of unsecured loans from executive directors-cum-promoters into equity shares of the company. This move aims to strengthen the equity base by converting promoter debt into equity.

The directors will also evaluate and recommend the issuance of Fully Convertible Warrants on a preferential basis. These warrants are proposed to be issued to persons belonging to the “Promoter Group” and the “Non-Promoter-Public Category”. The table below summarizes the key proposals to be considered:

Trading Window Closure

The company has also informed the stock exchanges regarding the closure of the trading window. In accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the securities of the company will remain closed. This closure will continue until the expiry of 48 hours after the dissemination of the audited financial results for the quarter and year ended March 31, 2026.

Vishnu Prakash R Punglia Limited has informed the stock exchanges of a court order received from the High Court of Judicature for Rajasthan, Jodhpur, in connection with a railway contract termination matter. The disclosure was made on 14-05-2026 under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and follows an earlier intimation dated 13-05-2026 regarding a termination notice from North Western Railway.

Background: Railway Contract Termination

The matter pertains to a contract for the major upgradation of Bikaner Railway Station of Bikaner Division of North Western Railway, awarded on an EPC basis to the joint venture VPRPL-KSIPL BKN JV, in which Vishnu Prakash R Punglia Limited is a partner. Following the issuance of a termination notice by North Western Railway, the joint venture pursued legal recourse by filing a writ petition along with a stay application in the Rajasthan High Court, Jodhpur. The petition sought quashing of the order rescinding the contract and restrained the department from encashing the bank guarantee.

Court Order Details

The joint venture received a court order bearing SB Civil Writ Petition No. 10651/2026 from the High Court of Judicature for Rajasthan, Jodhpur. The key details of the communication are summarised below:

Financial Implications

The potential monetary liability arising from the termination notice included the forfeiture of a performance guarantee through encashment of a bank guarantee worth INR 191.215 million and a security deposit of INR 8.257 million. However, with the Rajasthan High Court's order staying the encashment of the bank guarantee, the company has stated that the expected financial implication on the listed entity is NIL at this stage. The stay remains in effect until the next date of hearing.

Regulatory Disclosure

The disclosure was made by Managing Director Manohar Lal Punglia (DIN: 02161961) in compliance with applicable regulatory requirements and for the information of stock exchanges and stakeholders. The company has stated that the above information is being disclosed to ensure transparency with all relevant parties as the legal proceedings continue.