Latest news with #VishalFabrics
Mint
30-05-2025
- Business
- Mint
Small-cap stock below ₹50 Vishal Fabrics edges higher despite weak trends in Indian stock market
Small-cap stock below ₹ 50, Vishal Fabrics, edged higher in the morning trade on Friday, May 30, despite a weak trend in the Indian stock market. The gains in Vishal Fabrics come following a fundraising update by the company post-market hours on Thursday. Vishal Fabrics informed exchanges yesterday about the Board meeting outcome regarding fundraising. The Fundraising Committee's meeting pertained to the conversion of 69,32,824 warrants into an equal number of equity shares of the company. Vishal Fabrics had intimated on September 12, 2024, with respect to the allotment of warrants and in the same context. Vishal Fabrics said that the Fundraising Committee of the Board of Directors of the company, at their meeting held on Thursday, May 29, 2025, considered and approved the allotment of equity shares having a face value of ₹ 5/- each, upon part conversion of 69,32,824 warrants. This is out of a total of 1,50,00,000 warrants applied by Elysian Wealth Fund (formerly known as Silver Stallion Limited) under the non-promoter, public category. The warrants have been approved to be issued by Vishal Fabrics at an issue price of ₹ 30.60/- each, on preferential basis, upon receipt of amount aggregating to ₹ 15.91 crore at the rate of Rs. 22.95/- per warrant from the allottee under the exercise of their rights of conversion into equity shares. According to a release by Vishal Fabrics, these warrants were granted to "Non-Promoter, Public Category" on a preferential basis with a price of ₹ 30.60/-per warrant upon payment of ₹ 7.65/- per warrant, which is 25% of the issue price. This gives the warrant holders the right to convert their warrants into an equal number of equity shares of the company by paying the remaining 75%, or ₹ 22.95/-per warrant, within 18 months of the date of warrants allotment. Small-cap stock below ₹ 50, Vishal Fabrics share price, opened at ₹ 30 on the BSE on Friday, almost flat over the previous day's closing price of ₹ 30.04. The small-cap stock rose to an intraday high of ₹ 30.50, marking gains of 1.5% on a day when the Indian stock market was weak and the Sensex was down around 0.25%.
Mint
30-05-2025
- Business
- Mint
Small-cap stock below ₹50 Vishal Fabrics edges higher despite weak trends in Indian stock market
Stock Market Today: Small-cap stock below ₹ 50, Vishal Fabrics edged higher in the morning trades on Friday despite weak trends in the Indian stock market: Here's why Vishal Fabrics intimated the exchanges on 29 May 2025 about a Board of Directors meeting outcome with regards to fund raising . Th Outcome of the Fund-raising Committee Meeting of the Board of Directors held on May 29, 2025 was intimated by Vishal Fabrics to the Bombay Stock Exchange or the BSE. This was with reference too the Conversion of 69,32,824 warrants into equal number of equity shares of the Company. Vishal Fabrics had intimated on September 12, 2024, with respect to the allotment of warrants and in the same context Vishal Fabrics said that Fund raising Committee of the Board of Directors of the Company in their meeting held on Thursday , May 29, 2025, considered and approved the allotment of equity shares having face value of Rs. 5/- each , upon part conversion of 69,32,824 warrants. This is out of total 1,50,00,000 warrants applied by Elysian Wealth Fund (Formerly known as Silver Stallion Limited) under the Non-Promoter, Public Category. The warrants hav been approved to be issued by Small-cap stock below ₹ 50, Vishal Fabrics at an issue price of Rs. 30.60/- each, on preferential basis, upon receipt of amount aggregating to Rs.15,91,08,310.80 /- (Rupees Fifteen Crore Ninety One Lakhs Eight Thousand Three Hundred and Ten and Eighty Paisa only) at the rate of Rs. 22.95/- (Rupees Twenty-Two and Ninety-Five Paise only) per warrant from the allottee pursuant to the exercise of their rights of conversion into equity shares. According to a release by Vishal Fabrics, these warrants were granted to "Non-Promoter, Public Category" on a preferential basis with a price of Rs. 30.60/-per warrant upon payment of Rs. 7.65/- (Rupees Seven and Sixty-Five Paise only) per warrant, which is 25% of the Issue Price. This gives the warrant holders the right to convert their warrants into an equal number of Equity Shares of the Company by paying the remaining 75%, or Rs. 22.95/-per warrant, within 18 months of the date of warrants allotment. Small-cap stock below ₹ 50, Vishal Fabrics share price opened at ₹ 30 on the BSE on Friday, almost flat over the previous days closing price of ₹ 30.04. The Small-cap stock below ₹ 50, Vishal Fabrics share price gained to intraday highs of ₹ 30.50 marking gains of 1.5% on a day when Indian stock market was weak and sensex was down around 0.25%. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
22-05-2025
- Business
- Time of India
Vishal Fabrics profit rises 13% in FY25 despite 'industry headwinds'
Denim fabric manufacturer Vishal Fabrics on Thursday said its profit rose by 13 per cent to Rs 28.84 crore in the financial year ended on March 31, 2025, despite global challenges and industry headwinds . The company had reported a profit of Rs 21.13 crore in the year-ago period. Total income of the Chiripal Group company rose by 5 per cent to Rs 1,521.43 crore in 2024-25 from Rs 1,451.29 crore in FY24. "Despite global challenges and industry headwinds, our focus on efficiency, quality, and customer satisfaction has enabled us to achieve consistent growth," Dharmesh Dattani , CFO of Vishal Fabrics Limited, said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Mountain Gear for Extreme Conditions Trek Kit India Learn More Undo Vishal Fabrics continues to strengthen its presence in domestic and international markets through innovation in sustainable manufacturing and digital transformation , the company said in a statement.
Business Standard
21-05-2025
- Business
- Business Standard
Vishal Fabrics standalone net profit declines 25.15% in the March 2025 quarter
Sales decline 4.87% to Rs 391.46 crore Net profit of Vishal Fabrics declined 25.15% to Rs 4.88 crore in the quarter ended March 2025 as against Rs 6.52 crore during the previous quarter ended March 2024. Sales declined 4.87% to Rs 391.46 crore in the quarter ended March 2025 as against Rs 411.51 crore during the previous quarter ended March 2024. For the full year,net profit rose 12.83% to Rs 23.84 crore in the year ended March 2025 as against Rs 21.13 crore during the previous year ended March 2024. Sales rose 4.81% to Rs 1519.83 crore in the year ended March 2025 as against Rs 1450.13 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 391.46411.51 -5 1519.831450.13 5 OPM % 7.157.33 - 7.646.96 - PBDT 19.0518.77 1 78.1063.63 23 PBT 10.4210.43 0 44.9030.93 45 NP 4.886.52 -25 23.8421.13 13
Mint
28-04-2025
- Business
- Mint
Small-cap textile stock jumps more than 13% after THIS acquisition update. Details here
Stock Market Today: Small-cap textile stock Vishal Fabrics jumped more than 13% during the intraday trades on Monday after it announced this acquisition update. Details here On Monday, 28 April 2025, Vishal Fabrics announced a business update pertaining to an acquisition. The Vishal Fabrics said that it has acquired 528,100 Equity Shares of Nandan Industries Pvt Ltd. The equity shares of Nandan Industries have been acquired by Vishal Fabrics at price of Rs. 123 as per valuation report, amounting of Rs. 6,49,56,300 on dated 28th April, 2025 from shareholder of Nandan Industries Pvt Ltd. Currently Vishal Fabrics Limited holds 23.17% Equity Share Capital of Nandan Industries Pvt Ltd and Nandan Industries Pvt Ltd is already an 'Associate Company' of Vishal Fabrics Limited with effect from 29th March, 2024. Pursuant to the announced transfer as per the company, Vishal Fabrics Ltd post transfer holds 35.41% of Equity Share Capital of Nandan Industries Pvt Ltd. The intent of transfer and acquisition acquire of shares as per Vishal Fabrics is to focus on further development and enhancement of business. Nandan Industries Private Limited is engaged in business of manufacturing, weaving, bleaching, dying, processing, mercerizing, printing, sizing, importing, exporting, purchasing, selling and/or otherwise dealing in yarn of all types of cotton and other fabrics. The Authorized Share Capital of Nandan Industries Private Ltd stands at Rs. 6,81,50,000 divided into 50,40,000 Equity Shares of Rs. 10/- each and 17,75,000 Preference Shares of Rs. 10/-each." Paid-up Share Capital -Rs. 6,09,00,000/-comprises of 43,15,000 Equity Shares of Rs. 10/- each and 17,75,000 preference shares of Rs. 10/- each. Turnover of Nandan Industries Private Limited stood at Rs. 226.04 Crore for the financial year ended on March 31, 2024 Vishal Fabrics share price that opened at Rs. 25.86 gained to intraday highs of ₹ 29.25, which meant gains of more than 13% compared to previous days closing price of ₹ 25.85. The Vishal Fabrics share price ended the day at ₹ ₹ 28.72, more than 11% higher than the previous days close
