VPRPL

Vishnu Prakash R Punglia's Board of Directors, meeting on May 30, 2026, approved the appointment of M/s Rajendra Singh Bhati & Co. as Cost Auditor and M/S R. G. Maheshwary & Co. as Internal Auditor for FY 2026-27. Additionally, the Board recommended an increase in the Authorized Share Capital from ₹150 crores to ₹200 crores, involving 20 crore equity shares of ₹10 each, with consequential changes to the Memorandum of Association.

Standalone Revenue ₹8,511.95 Million vs ₹12,374.18 Million (▼31.19% YoY), EBITDA ₹-818.48 Million vs ₹1,642.35 Million (▼149.84% YoY), PAT ₹-1,501.16 Million vs ₹585.96 Million (▼356.12% YoY). EBITDA Margin -9.62% vs 13.27% (▼2289bps). The auditors have highlighted a 'Material Uncertainty Relating to Going Concern' due to delayed realization of receivables and cash crunch. The company also faced rescinded contracts and forfeiture of bank guarantees totaling approximately ₹299 Million.

Vishnu Prakash R Punglia Limited (VPRPL) has received a Court Order dated 14-05-2026, staying the encashment of its Bank Guarantee worth INR 191.215 million and Security Deposit of INR 8.257 million. These relate to a contract for the upgradation of Bikaner Railway Station, which was terminated by North Western Railway. The court order prevents the encashment until the next hearing, thus mitigating immediate financial implications for the company.

Vishnu Prakash R Punglia Limited received a termination notice from North Western Railway for a contract on Bikaner Railway Station's upgradation, involving a JV. The contract rescission implies financial implications of INR 199.472 million, including the proposed forfeiture of a Performance Guarantee (INR 191.215 million) and Security Deposit (INR 8.257 million). The company has filed a writ petition in the Rajasthan High Court to quash the termination order and prevent the encashment of the Bank Guarantee.

On May 01, 2026, Vishnu Prakash R Punglia Limited's Board of Directors approved raising funds up to INR 300 crores. The funds will be raised in one or more tranches via equity shares and/or equity-linked instruments through preferential allotment, rights issue, warrants, bonds, or other permissible methods, subject to required approvals.

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VISHNU PRAKASH R PUNGLIA LIMITED announced the closure of its trading window for Designated Persons from April 01, 2026, until 48 hours after the declaration of financial results for the quarter and year ended March 31, 2026, as per SEBI regulations.

The company received ₹285 Cr promoter capital, repaid ₹328 Cr debt, reducing bank borrowings by nearly 50%. Payment cycles are normalizing, and a strong order book of over ₹4,500 Cr provides revenue visibility, significantly strengthening the balance sheet.

CARE Ratings downgraded Vishnu Prakash R Punglia Limited's long-term and short-term bank facilities to CARE BB+/Negative from CARE BBB-/Stable, with a Negative outlook. This was due to deteriorating operating performance, Q3FY26 operating loss, stretched liquidity, and additional promoter share pledges.

VISHNU PRAKASH R PUNGLIA LIMITED received an Adjudication Order from SEBI on Feb 24, 2026, imposing a penalty of INR 2,00,000 for delayed disclosures of an order from the Public Health Engineering Dept. and related litigation updates.