Vishnu Prakash R Punglia Limited has disclosed receiving an adjudication order from the Securities and Exchange Board of India (SEBI) dated February 24, 2026, which imposes a monetary penalty for disclosure regulation violations. The company informed stock exchanges about this development as part of its regulatory compliance obligations under SEBI's listing requirements.

SEBI Penalty Details

The adjudication order, bearing reference number Order/SM/SM/2025-26/32149, imposes a penalty under Section 15A(b) of the SEBI Act 1992. The financial implications of this regulatory action are outlined in the following table:

Nature of Violations

SEBI found the company guilty of two specific disclosure violations related to material events and their subsequent developments:

Primary Violation: The company failed to disclose within the stipulated timeframe an action taken by the Public Health Engineering Department, Government of Rajasthan, through its order dated June 22, 2024. This delay violated Regulation 30(2) read with Part A, Para A, Sub-Para 20 of Schedule III and Regulation 4(1)(d) of the LODR Regulations.

Secondary Violation: Updates regarding litigation initiated by the company before the Rajasthan High Court were also disclosed beyond the required timeframe. These updates included the grant of stay on the June 22, 2024 order and its subsequent quashing, violating multiple provisions of the LODR Regulations.

Regulatory Framework Violated

The violations encompassed several key regulatory provisions:

• Regulation 30(3) read with Regulation 30(4)(i)(c) of LODR Regulations
• Part A of Schedule III of the LODR Regulations
• Para B Sub-Para 8 of Schedule III
• Regulation 4(1)(d) of LODR Regulations

Company's Response

Vishnu Prakash R Punglia Limited has indicated that it is presently evaluating the findings contained in the SEBI adjudication order. The company stated it will adopt an appropriate recourse under law, suggesting potential legal challenges to the regulatory decision.

The disclosure was made to both BSE Limited and National Stock Exchange of India Limited on February 25, 2026, through the company secretary Nitisha Jain, ensuring compliance with ongoing regulatory obligations despite the penalty imposed.

Vishnu prakash r punglia Limited has announced that promoter Anil Punglia has pledged 10 lakh shares of the company to generate liquidity for intended fund infusion. The disclosure was made under SEBI Regulation 31 pertaining to substantial acquisition of shares and takeovers, dated February 20, 2026.

Share Encumbrance Details

The pledge transaction involves a significant portion of the promoter's shareholding in the company. Anil Punglia created an encumbrance on February 11, 2026, by pledging shares to Bikewin Trading Private Limited.

Purpose and Transaction Structure

The encumbrance was created specifically to generate liquidity for the intended infusion of funds into the company. This represents a strategic move by the promoter to support the company's capital requirements through pledging a portion of his equity stake.

Promoter Holdings Overview

Prior to this pledge transaction, Anil Punglia held 45 lakh shares representing 3.61% of the total share capital without any encumbrance. The current pledge of 10 lakh shares constitutes 0.80% of the company's total share capital.

Regulatory Compliance

The disclosure has been made to both NSE and BSE where the company's shares are listed, ensuring compliance with SEBI regulations for transparency in promoter share transactions. The formal disclosure was signed and submitted from Jodhpur on February 20, 2026, maintaining regulatory adherence for substantial shareholding changes.