Vishal fabrics Limited has announced the resignation of its Manager (Accounts) in a regulatory filing submitted to BSE Limited on March 23, 2026. The disclosure was made in compliance with SEBI listing regulations regarding changes in senior management personnel.

Key Details of the Resignation

Mr. Dipex Modi has tendered his resignation from the position of Manager (Accounts) and Senior Management Personnel of the company. The resignation takes effect from March 23, 2026, specifically from the closure of working hours on that date.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was made pursuant to Schedule III, Part A, Para A clause 7 of the regulations, which mandates disclosure of changes in senior management personnel.

Background and Context

The resignation is attributed to Mr. Modi's transition to a new role within the Chiripal Group, indicating an internal movement rather than a departure from the group entirely. This suggests continuity in his association with the parent organization while changing his specific responsibilities.

Corporate Information

Vishal Fabrics Limited operates from its registered office at Shanti Corporate House, Near Hira Rupa Hall, Bopal-Ambli Road, Bopal, Ahmedabad - 380058, Gujarat. The company is incorporated under CIN: L17110GJ1985PLC008206 and trades on BSE under scrip code 538598 with security ID VISHAL.

The disclosure was signed by Brijmohan Chiripal, Managing Director (DIN: 00290426), confirming the company's compliance with regulatory requirements for senior management changes.

Vishal Fabrics Limited has announced its unaudited financial results for the third quarter ended December 31, 2025, showcasing steady growth in revenue and profitability. The textile company's Board of Directors approved these results during a meeting held on February 10, 2026, in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Financial Performance Overview

The company demonstrated resilient performance across key financial metrics for Q3FY26:

Nine-Month Performance Highlights

The cumulative performance for the nine months ended December 31, 2025, showed stronger growth momentum:

Cost Structure and Operational Efficiency

The company's cost management reflected mixed results during Q3FY26. Cost of materials consumed increased to ₹39,270.16 lakh from ₹35,546.76 lakh in Q3FY25. However, the company benefited from favorable inventory changes, recording a positive impact of ₹1,267.87 lakh compared to an adverse impact of ₹491.06 lakh in the previous year quarter.

Employee benefits expense rose to ₹828.92 lakh from ₹767.59 lakh, while finance costs increased to ₹1,101.60 lakh from ₹947.25 lakh year-on-year. Other expenses grew to ₹641.31 lakh from ₹444.51 lakh in Q3FY25.

Tax Efficiency and Profitability

The company's tax management showed improvement with total tax expenses declining to ₹299.73 lakh in Q3FY26 from ₹648.76 lakh in Q3FY25. This reduction was primarily driven by favorable deferred tax adjustments of ₹97.11 lakh and tax benefits from earlier years of ₹12.65 lakh.

Consolidated Results and Associate Companies

The consolidated financial results include the company's share in three associate companies: Chiripal Textile Mills Private Limited, Nandan Industries Private Limited, and Quality Exim Private Limited. Consolidated net profit for Q3FY26 reached ₹792.76 lakh, including ₹14.95 lakh as share in profit from associates. For the nine-month period, consolidated profit stood at ₹2,670.89 lakh, incorporating ₹203.94 lakh from associate companies.

Capital Structure and Regulatory Updates

The company's paid-up equity share capital increased to ₹12,380.50 lakh from ₹9,880.50 lakh in the previous year, reflecting the conversion of 5,00,000 equity warrants into equity shares during the first half of the financial year. These warrants were originally issued at ₹30.60 per warrant through a preferential issue.

The company has noted the implementation of New Labour Codes effective from November 21, 2025, consolidating 29 existing labour legislations into four unified codes. The company continues to evaluate the financial and operational impact as supporting rules are yet to be notified.

Audit and Compliance

The financial results were reviewed by S V J K and Associates, Chartered Accountants, who provided limited review reports for both standalone and consolidated results. The results were reviewed by the Audit Committee and approved by the Board of Directors on February 10, 2026. The company operates exclusively in the textile segment and maintains its registered office at Shanti Corporate House, Bopal, Ahmedabad.