Company Overview
Vishal Fabrics Limited submitted its Annual Report for the financial year 2025-26 to BSE Limited pursuant to Regulation 34(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The document includes the Notice of the 41st Annual General Meeting scheduled for Tuesday, August 11, 2026 at 11:00 AM through Video Conferencing/Other Audio-Visual Means.
Financial Performance Summary
Vishal Fabrics reported consolidated financial results for the year ended 31st March 2026:
- Revenue from Operations: ₹1602.11 crore (5.4% increase from ₹1519.83 crore in FY25)
- Profit After Tax: ₹35.64 crore (22.9% increase from ₹29.01 crore in FY25)
- Share of profit from associates: ₹3.47 crore
- Basic EPS: ₹1.52 (up from ₹1.47 in FY25)
- Total assets: ₹1,023.75 crore (up from ₹945.61 crore)
- Total debt: ₹225.36 crore (down 19.2% from ₹292.39 crore)
- Debt-equity ratio: 0.35 (improved from 0.61 due to repayment of unsecured loans)
- Current ratio: 2.37 (improved from 1.94)
Capital Structure Changes
During the year, the company allotted 5,00,00,000 equity shares to "Non-Promoter, Public Category" investors on preferential basis due to conversion of warrants into equity as approved in the AGM held on August 27, 2024.
Paid-up Equity Share Capital: ₹123.81 crore comprising 24,76,10,003 equity shares of face value ₹5 each (Previous Year: ₹98.81 crore comprising 19,76,10,003 shares)
Promoter holding: 55.06% (decreased from 69.00% due to dilution from warrant conversion)
Operational Highlights & Investments
- Annual Fabric Processing Capacity: 100+ million meters across two advanced facilities in Ahmedabad, Gujarat
- Employee Strength: 440 employees
- Global Presence: Serving 11+ countries including Bangladesh, Sri Lanka, Nepal, Kenya, Thailand, South Africa
- Investments in Associates: ₹46.00 crore across three companies:
- Chiripal Textile Mills Private Limited (42.36% ownership)
- Nandan Industries Private Limited (27.25% ownership)
- Quality Exim Private Limited (37.92% ownership)
Sustainability Initiatives
- Water Management: Zero Liquid Discharge operations with 100% water recovery through advanced ETP and three-stage RO system
- Energy Management: 1 MW captive solar plant, energy optimization measures including inverters and AC drives
- Waste Management: Cotton fibers repurposed into denim bags, tablecloths, mats
- Green Cover: 2,00,000+ saplings planted to date
- CSR Expenditure: ₹0.99 crore across 4 implementation partners focused on education, sports, and community development
Annual General Meeting Details
Date & Time: August 11, 2026 at 11:00 AM IST
Mode: Video Conferencing/Other Audio-Visual Means
Record Date: August 4, 2026
Remote e-Voting Period: August 8, 2026 (10:00 AM) to August 10, 2026 (5:00 PM)
Agenda Items:
1. Adoption of audited financial statements for FY 2025-26
2. Reappointment of Mr. Arvind Pandey (DIN: 10637419) who retires by rotation
3. Ratification of remuneration of Cost Auditor M/s. A.G. Tulsian and Co. (₹50,000 + expenses)
4. Reappointment of Mr. Susanta Kumar Panda (DIN: 07917003) as Independent Director for second term of 5 years
Risk Management & Auditors
The company has exposure to credit risk, liquidity risk, and market risk with mitigation strategies for each category. Auditors: S V J K and Associates issued unmodified audit opinions on both standalone and consolidated financial statements with no key audit matters identified. Internal financial controls were found adequate and operating effectively.
Legal Proceedings & Contingent Liabilities
The Income Tax Department conducted a search under Section 132 of the Income Tax Act in July 2022. The company is examining the matter and will take appropriate actions if regulatory actions occur.
Contingent Liabilities:
- Letters of credit (net of margin): ₹7.40 crore
- Bank guarantees (net of margin): ₹1.55 crore
- Corporate guarantees given: ₹3.24 crore
- Direct tax matters: ₹2.58 crore