Vishnu Prakash R Punglia Limited , a prominent engineering and construction company, has announced a significant change in its key personnel. The company's Company Secretary and Compliance Officer, Ms. Neha Matnani, has submitted her resignation, citing personal reasons.

Key Details of the Resignation

Implications of the Resignation

The departure of Ms. Matnani has several implications for Vishnu Prakash R Punglia Limited:

1. Cessation of Key Managerial Personnel: With her resignation, Ms. Matnani will no longer serve as a Key Managerial Personnel of the company.

2. Change in Authorized Personnel: She will also cease to be the designated person authorized to make disclosures to stock exchanges.

3. Compliance with SEBI Regulations: The company has made this announcement in compliance with Regulation 30 read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Transition Process

In her resignation letter dated October 24, 2025, Ms. Matnani expressed her commitment to ensuring a smooth transition of responsibilities. She also conveyed her gratitude to the Board of Directors, management, and colleagues for their support during her tenure.

The company has accepted Ms. Matnani's resignation and she will be relieved from her duties effective October 31, 2025. Vishnu Prakash R Punglia Limited has not yet announced a replacement for the position of Company Secretary and Compliance Officer.

This development comes as the company continues its operations in the engineering, contracting, and designing sectors. As an ISO 9001:2015 certified company, Vishnu Prakash R Punglia Limited is expected to maintain its commitment to quality and compliance in its future endeavors.

Vishnu Prakash R Punglia Limited , a prominent engineering and construction company, has secured a favorable ruling from the High Court of Judicature at Bombay in a case related to an income tax notice for the Assessment Year 2019-20.

Court Decision

The High Court issued an order setting aside and quashing a notice issued under Section 148 of the Income-tax Act, 1961. This decision effectively nullifies all related proceedings and orders stemming from the original notice.

Background

The case has its roots in earlier communications from the Income Tax Department:

• Initial notice received under sub-section (1) of Section 148A of the Income-tax Act, 1961.
• Subsequent order received under sub-section (3) of Section 148A, alleging income had escaped assessment for the Assessment Year 2019-20.

Financial Implications

In a disclosure to the stock exchanges, Vishnu Prakash R Punglia Limited stated that it does not anticipate any material financial impact from this development. This assertion suggests that the company's financial position remains unaffected by the outcome of the case.

Company's Disclosure

The company promptly informed the stock exchanges about this development, adhering to the disclosure requirements under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Here's a summary of the key details from the company's disclosure:

This favorable court ruling marks a significant development for Vishnu Prakash R Punglia Limited, potentially alleviating concerns related to the alleged escaped income assessment for the 2019-20 fiscal year. The company's proactive disclosure and assertion of no material financial impact demonstrate its commitment to transparency and corporate governance.