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Vishnu Prakash R Punglia Ltd. ( (IN:VPRPL) ) has provided an update.
Vishnu Prakash R Punglia Limited has addressed shareholder concerns over recent changes in promoter shareholding, clarifying that promoter and promoter group entities have cumulatively divested about 19.18% of the company’s equity. The company emphasized that the entire approximately ₹200 crore proceeds from these stake sales have been infused back into the business as an interest-free loan from the promoters, framing the move as a prudent capital management exercise to enhance liquidity, strengthen the balance sheet and support long-term strategic growth. Management reiterated that promoters remain fully aligned with the company’s long-term vision and governance framework, continue to be actively involved in operations and expansion plans, and that the company maintains a robust order book with continued focus on timely execution, operational efficiency, financial discipline and sustainable value creation, underscoring its commitment to transparent and consistent communication with stakeholders.
More about Vishnu Prakash R Punglia Ltd.
Vishnu Prakash R Punglia Limited is a leading ISO 9001:2015-certified engineering, procurement and construction (EPC) company, operating as an engineer, contractor and designer with a diversified portfolio across water and municipal services, roads, railways, infrastructure and mining, executing large-scale infrastructure projects across India.
Average Trading Volume: 181,963
Technical Sentiment Signal: Sell
Current Market Cap: 6.68B INR
See more data about VPRPL stock on TipRanks’ Stock Analysis page.