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Published: July 15, 2024
Updated: July 15, 2024
Vishal Fabrics Ltd. (BSE: 538598) is a premier supplier of top quality stretch denim fabric which is very popular among people of all ages.
Earlier, Vishal Fabrics Ltd acquired a 37.72 per cent stake (1,170,500 shares at Rs 135 per share) in Chiripal Textile Mills Pvt Ltd on March 30, 2024, for a total of Rs 158.02 crore. This acquisition makes Chiripal Textile Mills an associate company of Vishal Fabrics. Chiripal Textile Mills is a manufacturer and trader of various yarns and fabrics, with a turnover of Rs 539.03 crore for the financial year ending March 31, 2023.
Vishal Fabrics Ltd, a textile company established in 1985 and part of the Ahmedabad-based Chiripal Group, manufactures and distributes a wide range of fabrics including dyed yarn, denim, and custom textile work. Certified for quality and sustainability, they specialize in dyeing, printing, and processing denim and other fabrics for both their collections and client-specific jobs.
Their fabrics come in various compositions like 100 per cent cotton, cotton blends, and modal, and they are a leading supplier of stretch denim. With a focus on innovation, they offer diverse finishes, weaves, blends, and colours. Their extensive production capacity comes from multiple facilities in Ahmedabad, Gujarat, and they boast an impressive list of clientele including well-known international fashion brands.
Vishal Fabrics Limited is a premier supplier of top quality stretch denim fabric which is very popular among people of all ages. VFL stands for a denim revolution, that brings equality back to fashion, and change the market trend, forever. To engineer this goal, VFL is tirelessly working towards an ecosystem where the stakeholders benefit and grow with the company. VFL intends to grow with all, and grow for all. Since 3 decades, VFL’s clear goal has been to deliver quality fabrics that effortlessly match global standards. The company believes in innovation and technology, and it is sure it will help it grow as one of India’s leading dyeing, printing, and processing units.
August 15, 2024 - First Issue
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