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PNN
Jodhpur, (Rajasthan) [India], March 11: Vishnu Prakash R Punglia Limited(NSE: VPRPL, BSE: 543974 | INE0AE001013) Background and Financial Update Over the past nine months, the Company has navigated certain operational and financial challenges primarily arising from payment cycle realignments, broader liquidity tightening across the infrastructure sector. These factors were external and cyclical in nature and do not indicate any structural weakness in the Company's core operations or execution capabilities. Promoter Support and Capital Infusion - Promoters infused (Interest Free) approximately 285 Crores into the Company, including stake sale proceeds. - The funds deployed to support liquidity stabilization and project execution. Deleveraging and Reduction in Fund Based Exposure - Approximately 328 Crores of debt has been repaid. - Nearly 50% reduction in overall bank borrowings. - TReDS outstanding reduced from 345 Crores to 17 Crores. - Significant strengthening of balance sheet and working capital discipline. Banking Facilities Position Working Capital (OD) - Fund Based - Sanctioned: 200.00 Cr - Outstanding: 198.00 Cr - Lender: Consortium led by BOB - Purpose: EPC Working Capital Term Loan - Fund Based - Sanctioned: 191.71 Cr - Outstanding: 108.06 Cr - Lender: Various Banks - Purpose: Equipment & Project Finance TReDS (PBD) - Fund Based - Sanctioned: 345.00 Cr - Outstanding: 17.00 Cr - Lender: Banks - Purpose: Bill Discounting Total Fund Based - Sanctioned: 736.71 Cr - Outstanding: 323.06 Cr BG / LC Limits - Non-Fund Based - Sanctioned: 515.00 Cr - Outstanding: 515.00 Cr - Lender: Consortium - Purpose: PBG & FBG Total FB + NFB Exposure - Outstanding: 838.06 Cr Sanctioned limits as on March 2025 Unsecured Loans from Promoters Unsecured Loan (Interest Free) - Outstanding: 285.00 Cr - Source: Promoters & Promoter Group - Purpose: Liquidity and Project Funding Support. Operational Update - 232 Crores inflows received during the last quarter. - Payment cycles are gradually normalizing. - Strong order book of approximately 4,500+ Crores providing revenue visibility. Management Comment The Management confirms that through promoter capital infusion, substantial reduction in fund-based limits, interest-free unsecured loans, and disciplined financial management, the Company has materially strengthened its balance sheet. The liquidity position is stabilizing, and the Company remains committed to transparency, financial prudence, and long-term shareholder value creation. (ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same.)
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