Rs 5,146 Crore Order Book: Engineering Company Promoters Sell 9.15% Equity, Pledge 1.78% Shares to Infuse Interest-Free Loan
DSIJ Intelligence-2 / 04 Oct 2025/ Categories: Mindshare, Trending
The stock is up by 5 per cent from its 52-week low of Rs 91.72 per share.
Vishnu Prakash R Punglia Limited (VPRPL), an Engineer, Contractor & Designer, has issued a clarification addressing recent promoter equity transactions.
Managing Director Mr. Manohar Lal Punglia stated that promoters sold 9.15 per cent of their equity holding through open market transactions. In addition, 1.78 per cent of his personal shareholding has been pledged. The company emphasized that these moves were undertaken solely to infuse liquidity into VPRPL.
The proceeds from the equity sale and pledge are being extended to the company as an interest-free loan. This capital will be used to strengthen liquidity, meet operational and working capital requirements, and support future growth initiatives.
VPRPL reassured shareholders that the promoters remain committed to the company’s long-term success. Despite the partial reduction, they continue to hold a significant stake and remain aligned with VPRPL’s objectives.
About the Company
Vishnu Prakash R Punglia Limited is one of India's fastest-growing infrastructure development companies. Incorporated in 1986, Vishnu Prakash R Punglia Limited is engaged in the business of designing and constructing infrastructure projects for the Central and State Governments, autonomous bodies, and private bodies across 9 States and 1 Union territory in India. As of December 31, 2024, the company’s Order Book stands at Rs 5,125 crore.
The company has a market cap of over Rs 1,200 crore and has delivered good profit growth of 36 per cent CAGR over the last 5 years. The shares of the company have an ROE of 7.81 per cent and an ROCE of 11.4 per cent. The stock is up by 5 per cent from its 52-week low of Rs 91.72 per share.
Disclaimer: The article is for informational purposes only and not investment advice.