Vishal Fabrics Limited reported a turnover of ₹1,602.11 crore for the financial year ended March 31, 2026, compared to ₹1,519.83 crore in the previous year. Profit after tax stood at ₹32.18 crore, an increase from ₹23.83 crore in the prior year, while profit before depreciation and tax was ₹74.78 crore. The company’s EBITDA for the year was ₹112.85 crore.

The Board has recommended the reappointment of Mr. Susanta Kumar Panda as an Independent Director for a second term of five years, effective from June 01, 2026, to May 31, 2031. Additionally, the company has proposed ratifying the remuneration of M/s. A.G. Tulsian and Co., Cost Auditors, set at ₹50,000 for the upcoming financial year.

Financial Performance

The company’s financial snapshot for FY26 highlights a growth in topline and profitability. The following table summarizes the key financial metrics:

AGM and Voting Schedule

The 41st Annual General Meeting (AGM) is scheduled to be held on August 11, 2026, at 11:00 A.M. through Video Conferencing (VC) and Other Audio Visual Means (OAVM). The Register of Members and Share Transfer Books will remain closed from August 05, 2026, to August 10, 2026. Shareholders whose names appear in the register of members or beneficial owners as on the cut-off date of August 04, 2026, are entitled to vote.

Vishal Fabrics received a final order from the Office of the Commissioner (Appeals) Central GST, Appeal Commissionerate, Ahmedabad, on July 6, 2026, determining the demand as zero. This decision resolves the matter where the company had previously received orders imposing significant penalties under the CGST and Gujarat GST Acts. The final order concludes the proceedings initiated by the tax authority.

The company had initially received an order on December 31, 2025, imposing a penalty of ₹24,26,74,876 under Section 74(9) of the CGST/Gujarat GST Act, 2017, read with Section 20 of the IGST Act, 2017, and Section 11 of the GST (Compensation to States) Act, 2017. Subsequently, a rectification order was issued revising the penalty to ₹21,35,65,819. The final order from the appellate authority has now set the demand to zero.

Based on the company's assessment, prevailing law, and advice from counsel, the company believes there will be no material financial impact resulting from this order. The intimation was submitted to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the Order

The company's board and management have taken the order on record, confirming that the matter is closed without any financial liability.