Latest news with #VishalFabricsLimited
Fibre2Fashion
5 days ago
- Business
- Fibre2Fashion
India's Vishal Fabrics' income climbs 17% in Q1 FY26
Vishal Fabrics Limited's total income grew by 17 per cent to ₹397.18 crore (~$45.42 million) in the first quarter (Q1) of fiscal 2026 (FY26) as compared to ₹340.10 crore (~$38.89 million) in the corresponding quarter of the previous financial year. The consolidated net profit stood at ₹9.16 crore (~$1.05 million) for the quarter, reflecting a strong growth of 92 per cent as against ₹4.78 crore (~$0.55 million) in Q1 FY25. The performance was driven by healthy revenue momentum, efficient cost management, and strategic business initiatives, the company said in a press release. Vishal Fabrics reported a 17 per cent rise in Q1 FY26 income to ₹397.18 crore (~$45.42 million) and a 92 per cent jump in net profit to ₹9.16 crore ($1.05 million), driven by strong revenue, cost efficiency, and strategic initiatives. CFO Dharmesh Dattani highlighted growth opportunities from the UK FTA and plans to expand into Latin America, Europe, Africa, and Bangladesh. "Sustained focus on efficiency and quality was the key trigger to nearly doubling our PAT. The Indian textile industry is going through an interesting phase, with the recently concluded FTA with the UK which will open up newer opportunities for the sector. We are extremely bullish on the future of the industry,' Dharmesh Dattani, CFO of Vishal Fabrics Limited , said. 'The company will continue to focus on new geographies for growth, operational efficiency, and value-added product offerings. In the quarters to come our focus will be to expand our presence in Latin America, Europe, Africa and Bangladesh,' concluded Dattani. Fibre2Fashion News Desk (RR)
Business Upturn
08-07-2025
- Business
- Business Upturn
Vishal Fabrics board approves conversion of 8,067,176 warrants into equity shares at Rs 30.60 each
Vishal Fabrics Limited has announced the allotment of 80,67,176 equity shares to Elysian Wealth Fund upon conversion of warrants, increasing its paid-up share capital significantly. In a regulatory filing dated July 8, 2025, the company informed that the Fund Raising Committee of the Board of Directors approved the allotment of equity shares of ₹5 each, […] By Aditya Bhagchandani Published on July 8, 2025, 19:27 IST Vishal Fabrics Limited has announced the allotment of 80,67,176 equity shares to Elysian Wealth Fund upon conversion of warrants, increasing its paid-up share capital significantly. In a regulatory filing dated July 8, 2025, the company informed that the Fund Raising Committee of the Board of Directors approved the allotment of equity shares of ₹5 each, issued at a price of ₹30.60 per share, to the non-promoter, public category investor, Elysian Wealth Fund (formerly known as Silver Stallion Limited). Key details of the transaction: Total shares allotted: 80,67,176 equity shares Issue price per share: ₹30.60 Total consideration received: ₹18.51 crore Warrants originally issued: 3 crore (of which these 80.67 lakh have been converted so far) Remaining warrants outstanding: 3 crore minus converted shares Investor category: Non-Promoter, Public Post-conversion holding of Elysian Wealth Fund: 3.71% of Vishal Fabrics' equity The company noted that these shares have been allotted pursuant to earlier member approval and in line with SEBI (ICDR) Regulations, 2018. The paid-up capital of the company now stands at ₹108.8 crore, consisting of 21.76 crore equity shares of ₹5 each. The warrants were issued on a preferential basis, with 25% of the amount paid at the time of subscription and the remaining 75% paid upon conversion. The investor retains the right to convert the remaining outstanding warrants into equity shares within 18 months of allotment. The company confirmed that the newly allotted shares rank pari-passu with existing shares and the outstanding warrants will lapse if not exercised within the prescribed period. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Fashion Network
27-05-2025
- Business
- Fashion Network
Vishal Fabrics Limited's profits rose 13% in FY25
Denim fabric manufacturer Vishal Fabrics Limited reported a 13% increase in net profit for the financial year ending March 31, 2025, despite broader market headwinds and global uncertainties. The Ahmedabad-based company posted a profit of Rs 28.84 crore last fiscal, up from Rs 21.13 crore in the 2024 financial year.
India.com
23-05-2025
- Business
- India.com
THIS company's profit rises 13 percent in FY25 despite 'industry headwinds'
इंवेस्टमेंट से पहले रिस्क को जांच लें New Delhi: Denim fabric manufacturer Vishal Fabrics Ltd on Thursday said its profit rose by 13 percent 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. 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. With PTI Inputs
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
