Vishal Fabrics reports fire at Narol factory, operations restored

1 min read Updated on 25 Jun 2026, 12:05 PM

Reviewed by

Suketu GScanX News Team

AI Summary

Vishal Fabrics reported a fire incident at its Narol factory on June 23, 2026, caused by a spark in a plug. Operations were restored the same day with no casualties or material financial impact expected.

*this image is generated using AI for illustrative purposes only.

Vishal Fabrics reported a fire incident at its Narol factory on June 23, 2026, which was controlled within hours without causing any casualties or disrupting operations. The fire, caused by a spark in a plug, occurred at approximately 11:00 A.M. at the facility located in Ranipur, Narol Road, Ahmedabad. Normal operations were fully restored on the same day, and the company does not anticipate a material financial impact from the event.

The company informed BSE Limited that the plant is adequately insured and the insurance provider has been notified. Vishal Fabrics stated it remains in compliance with all applicable statutory and regulatory requirements following the incident. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Management is currently evaluating the extent of the damage or loss caused by the fire. In the interim, the company believes the small fire incident will not result in a material financial impact. The details regarding the incident were provided in accordance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Incident Details

Particulars	Details
Date and Time	June 23, 2026, at 11:00 A.M.
Location	Ranipur, Narol Road, Ahmedabad, Gujarat – 382405
Cause	Spark in a plug
Casualties/Injuries	None reported
Operational Impact	No disruption; operations restored same day
Insurance Status	Damage covered under insurance; insurer notified
Estimated Financial Impact	Not material; evaluation in process

Historical Stock Returns for Vishal Fabrics

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.67%	+1.02%	-0.19%	-23.36%	-40.62%	+12.93%

Will the insurance claim process lead to any upward revisions in premium costs for the Narol facility?

Does Vishal Fabrics plan to implement additional electrical safety audits across its other manufacturing plants following this incident?

Could this event prompt the company to re-evaluate its business continuity strategies despite the lack of operational disruption?

Read Next Article

Vishal Fabrics FY26 Net Profit Rises 23% to ₹3,564 Lakh

1 min read Updated on 21 May 2026, 12:09 AM

Reviewed by

Jubin VScanX News Team

Add as a preferred
source on Google

AI Summary

Vishal Fabrics reported a consolidated net profit of ₹3,564.31 lakh for FY26, a 23% increase from ₹2,901.04 lakh in FY25. Revenue from operations rose to ₹1,60,210.98 lakh. The Board approved the re-appointment of auditors and an independent director.

*this image is generated using AI for illustrative purposes only.

Vishal Fabrics has announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The Board of Directors, which met on May 20, 2026, approved the financial statements along with the re-appointment of key auditors and an independent director.

For the financial year ended March 31, 2026, the company reported a consolidated net profit of ₹3,564.31 lakh, an increase from ₹2,901.04 lakh in the previous year. On a standalone basis, the net profit for the period was ₹3,217.76 lakh, up from ₹2,383.75 lakh in the corresponding period of the previous year. Revenue from operations for the year rose to ₹1,60,210.98 lakh from ₹1,51,983.40 lakh in FY25.

Financial Performance

The company's total income for the consolidated year ended March 31, 2026, was ₹1,60,325.53 lakh, compared to ₹1,52,143.42 lakh in the prior year. Total expenses for the period were reported at ₹1,56,010.03 lakh. The profit before tax for the year stood at ₹4,315.50 lakh. Basic earnings per share (EPS) for the year increased to ₹1.52 from ₹1.47 in the previous year.

Metric	Year Ended 31.03.2026 (₹ Lakh)	Year Ended 31.03.2025 (₹ Lakh)
Revenue from Operations	1,60,210.98	1,51,983.40
Total Income	1,60,325.53	1,52,143.42
Total Expenses	1,56,010.03	1,47,653.15
Net Profit	3,564.31	2,901.04
Basic EPS	1.52	1.47

Board Decisions

During the meeting, the Board approved the re-appointment of M/s. A. G. Tulsian & Co, Cost Accountants, as the Cost Auditor for the financial year 2026-27. Additionally, M/s. G B & Co., Chartered Accountants, were appointed as the Internal Auditor for the same period. The Board also approved the re-appointment of Mr. Susanta Kumar Panda as an Independent Director for a second term of five years, subject to shareholder approval.

Corporate Governance

The Board approved the 41st Notice of the Annual General Meeting (AGM) and the Director's Report for the year ended March 31, 2026. The specific date for the AGM will be intimated in due course. The company also confirmed that the statutory auditors issued an audit report with an unmodified opinion on the annual financial results for the year ended March 31, 2026.

Historical Stock Returns for Vishal Fabrics

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.67%	+1.02%	-0.19%	-23.36%	-40.62%	+12.93%

Will Vishal Fabrics sustain its profit growth momentum in FY27 given rising input costs and potential demand fluctuations in the textile sector?

How might the re-appointment of Mr. Susanta Kumar Panda as Independent Director influence the company's strategic direction and governance decisions going forward?

Could Vishal Fabrics consider capacity expansion or diversification into value-added textile segments to accelerate revenue growth beyond the current 5% year-on-year pace?