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Promoters Inject Funds into Stock Down 90% from Peak, Repaying Over ₹300 Crore Debt
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Vishnu Prakash R Punglia Gets ₹285 Cr Promoter Infusion, Repays ₹328 Cr Debt
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CNBC TV18
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10-03-2026, 11:58
Vishnu Prakash R Punglia Gets ₹285 Cr Promoter Infusion, Repays ₹328 Cr Debt
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Promoters infused ₹285 crore interest-free capital into Vishnu Prakash R Punglia Ltd. to stabilize liquidity and strengthen its balance sheet.
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The company repaid ₹328 crore debt, reducing overall bank borrowings by nearly 50%.
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Outstanding Trade Receivables Discounting System (TReDS) dues sharply declined from ₹345 crore to ₹17 crore.
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Despite facing operational challenges, the company boasts a strong order book exceeding ₹4,500 crore, providing future revenue visibility.
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The stock is down 90% from its peak of over ₹340 and 60% from its IPO price of ₹99.
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