Vishnu Prakash R Punglia Limited has announced that its promoter Ajay Pungalia has pledged a significant portion of his shareholding to HDFC Bank Limited. The encumbrance disclosure was filed on January 5, 2026, under Regulation 31 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Share Pledge Details

The promoter pledged 47,50,000 shares representing 3.81% of the company's total share capital to HDFC Bank Limited on December 26, 2025. This pledge was created to generate liquidity for the intended infusion of funds into the company.

Promoter Holdings Overview

Prior to this encumbrance creation, Ajay Pungalia held 66,50,000 shares constituting 5.34% of Vishnu Prakash R Punglia Limited's total share capital. The promoter had no existing encumbrances on his shareholding before this transaction.

Purpose and Compliance

The pledge was specifically created to generate liquidity for the intended infusion of funds into the company, indicating the promoter's commitment to supporting the company's capital requirements. The disclosure was made from Jodhpur and filed in accordance with SEBI regulations governing substantial acquisition of shares and takeovers.

The company's shares are listed on both NSE and BSE, and this encumbrance disclosure ensures transparency for all stakeholders regarding changes in promoter shareholding patterns and any restrictions on share transfers.

Vishnu Prakash R Punglia shares extended their decline for the second straight session on Thursday, falling nearly 5% amid heavy trading volumes. The infrastructure services provider's stock performance reflects a sustained bearish trend that has persisted across multiple trading sessions.

Sharp Decline from Recent Highs

The stock's current performance represents a dramatic fall from its December 2024 peak. Trading data shows the extent of the decline across different timeframes:

The stock has gained in only four out of the last 25 trading sessions, highlighting the persistent selling pressure. At the end of December, the company had delivered negative returns for eight consecutive months.

Elevated Trading Activity

Thursday's session witnessed significantly higher trading volumes compared to recent averages. Over 70 lakh shares were traded by 11 AM, substantially exceeding the 20-day average volume of 13 lakh shares. This elevated activity suggests continued investor interest despite the declining price trend.

Shareholding Pattern Changes

The company's shareholding structure has undergone notable changes between reporting periods:

Institutional Holdings

Quant Smallcap Fund remains the only mutual fund with a stake in the company, increasing its holding from 2.20% to 4.08% between September 2023 and September 2024.

Retail and Promoter Holdings

Retail investor participation has increased significantly, with the number of shareholders holding up to ₹2.00 lakh in authorized share capital rising from 47,400 to 1.20 lakh. These retail shareholders now collectively hold a 26.20% stake in the company.

Promoter holdings decreased during the September quarter, falling from 67% to 58% as promoters sold some of their stake in the company.

Current Market Position

The infrastructure services provider's shares closed the session 4.40% lower at ₹50.31, continuing the downward momentum that has characterized the stock's performance over recent months. The 40% decline over the past month underscores the challenging market conditions facing the company's shares.