Vishnu Prakash R Punglia Ltd

Judgement and remedies update

• Full High Court judgement pronounced in termination notice case for Jaipur–Sawai Madhopur Doubling Project.
• Court directs status quo to be maintained for 45 days from pronouncement.
• Court directs availing alternative efficacious remedy before competent forum.
• Performance Guarantee and Security Deposit encashed; no further financial implication currently.
• No LOA issued up to 21-07-2026; fresh NIT undecided.
• Company to file petition before competent forum per court direction.
• Receipt of court communication dated 19-08-2026 from High Court, Jodhpur.

Court order impact on JV

• Full judgement issued by the High Court of Judicature for Rajasthan, Jodhpur.
• Judgement grants liberty to avail remedies before competent forum.
• Status quo to be maintained for 30 days from pronouncement.
• Bank guarantee shall not be encashed for 45 days from pronouncement.
• Encashment of bank guarantee stayed for 45 days.
• Fresh NIT decisions cannot proceed as LOA not issued by 21.07.2026.
• Penalty: Forfeiture of performance guarantee is stayed for 45 days.
• Action: Company will file petition to seek efficacious remedy.
• Context: North Western Railway termination notice relates to the JV contract.

Encumbrance release details

• Target Company: Vishnu Prakash R Punglia Limited.
• Disclosing Party: Vijay Punglia (Promoter group).
• Transaction Type: Release of encumbrance on 7,00,000 shares via pledge invocation.
• Pre-Transaction: 26,15,000 voting rights; 19,00,000 encumbrances (2.10% VR, 1.52% encumbrances).
• Transaction Details: Encumbrance released 7,00,000 shares (0.56%).
• Post-Transaction: Voting rights 26,15,000; encumbrances 12,00,000 (2.10%, 0.96%).
• Total post holding: 38,15,000 shares (3.06% diluted).
• Date of Transaction: August 13, 2026.
• Equity capital before: Rs. 1,24,64,40,000 (12,46,44,000 shares).
• Equity capital after: Rs. 1,24,64,40,000 (12,46,44,000 shares).

Encumbrance details

• Target company: Nidhi Castings and Alloys Private Limited.
• Encumbrance type: pledge (invoked).
• Date of invocation: 13-08-2026.
• Promoter: Vijay Punglia.
• Encumbered shares: 1.52% of total share capital.
• Number of shares: 3,815,000.
• Reason: pursuant to terms of the financing agreement.

Financial results (June 30, 2026)

• Revenue from operations: Rs 1,378.78 million in the quarter.
• Total income: Rs 1,394.38 million for the quarter.
• Total expenses: Rs 1,906.02 million; construction and material costs included.
• Profit before tax: Rs -511.64 million.
• Profit after tax: Rs -393.16 million.
• Total comprehensive income: Rs -391.27 million.
• Auditors issued an unqualified opinion on the results.
• Single operating segment: construction and infrastructure in India.
• Joint venture VPRPL-KALPATARU excluded due to lack of access to financials.

Liquidity, going concern & contingencies

• Temporary liquidity constraints due to delayed government receivables; recovery expected with approvals.
• Promoters provided unsecured interest-free loans; company repaid about Rs 3,340 crore in 2025-26.
• Management expects to meet obligations; going concern basis adopted.
• Ongoing court proceedings for contract terminations; guarantees encashed; outcomes uncertain.

Meeting Details

• Date: August 13, 2026; time and venue not disclosed.
• Location: not disclosed.

Key Agenda Items

• Consider unaudited 'Limited Reviewed' financial results for quarter ended June 30, 2026.

Other Notes

• Trading window closed until 48 hours after dissemination of results.

Certificate details

• Certificate from the Registrar and Share Transfer Agent attached for Reg 74(5) filing.
• Document relates to the reporting quarter under the DP Regulations.
• No explicit processing details of dematerialisation/rematerialisation provided in this excerpt.

Board meeting cancellation

• Board meeting scheduled for 13 July 2026 cancelled due to unavoidable circumstances.
• Original date: 13 July 2026.
• Reason: Unavoidable circumstances.
• New date to be advised; stock exchange will be informed in due course.

Meeting Details

• Date set for Monday, July 13, 2026; time and venue not disclosed.

Key Agenda Items

• To consider and approve raising of funds via preferential warrants, subject to Board terms.

Other Notes

• Trading window for designated persons remains closed until 48 hours after June-quarter results declaration.