Vishnu prakash r punglia Limited has released its unaudited financial results for the third quarter ended December 31, 2025, revealing a net loss of ₹299.81 million compared to a profit of ₹36.50 million in the previous quarter. The company's performance was significantly impacted by exceptional items totaling ₹99.64 million related to a contract dispute with North Western Railway.

Financial Performance Overview

The company's revenue from operations declined to ₹1,774.81 million in Q3FY26 from ₹2,956.85 million in Q2FY26. Total income, including other income of ₹37.81 million, stood at ₹1,812.62 million for the quarter.

Contract Dispute and Exceptional Items

The Chief Engineer (Construction) - III, North Western Railway rescinded the contract for the "Jaipur - Sawai Madhopur Doubling Project" through a termination notice dated January 13, 2026. Subsequently, the railway authority encashed the performance bank guarantee and forfeited the security deposit, resulting in an aggregate impact of ₹99.64 million.

The company has filed Civil Writ Petition No. S.B.C.W. 983/2026 against the Chief Engineer before the Rajasthan High Court, Jodhpur. Management expects to succeed in the proceedings with high likelihood of contract restoration based on strong legal and factual grounds. However, the company has provided an expected credit loss of ₹99.64 million, disclosed as an exceptional item in the current quarter results.

Nine-Month Performance

For the nine months ended December 31, 2025, the company reported a net loss of ₹193.26 million compared to a profit of ₹423.52 million in the corresponding previous period. Revenue from operations for the nine-month period stood at ₹7,495.71 million.

Auditor's Review and Joint Operations

Banshi Jain & Associates, the company's auditors, conducted a limited review of the unaudited financial results. The review included 19 jointly controlled operations incorporated on a proportionate basis, which contributed total revenues of ₹398.41 million for the quarter and ₹1,040.74 million for the nine-month period.

The auditors noted that one joint operation, VPRPL-KALPATARU JV, has not been incorporated in the financial results due to a dispute with the joint venture partner, resulting in no access to the operation's financials.

Regulatory Compliance

The financial results were prepared in accordance with Indian Accounting Standard 34 "Interim Financial Reporting" and comply with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Audit Committee reviewed and recommended the results on February 14, 2026, which were subsequently approved by the Board of Directors.

Source: Exclusive

Vishnu Prakash R Punglia Limited has reported a regulatory disclosure regarding the encumbrance of promoter shares under SEBI Takeover Regulations. The disclosure, dated February 5, 2026, pertains to additional share pledging by the company's promoter to address margin requirements.

Share Pledging Details

Promoter Vishnu Prakash Punglia created encumbrance on additional shares through a pledge arrangement on January 29, 2026. The transaction involved pledging 69,000 shares in favor of Siddhpur Commodities Private Limited to meet margin shortfall requirements.

Current Shareholding Position

The promoter maintains a total holding of 1,06,75,000 shares, representing 8.56% of the company's total share capital. Prior to this transaction, the promoter had already encumbered 1,03,90,000 shares, equivalent to 8.33% of the total share capital.

Regulatory Compliance

The disclosure was made in compliance with Regulation 31 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company's shares are listed on both NSE and BSE exchanges. The formal disclosure document was signed by an authorized signatory from Jodhpur on February 5, 2026.

The pledging arrangement represents a standard corporate finance practice where promoters use their shareholding as collateral to meet margin requirements or secure financing arrangements.