Vishal Fabrics Ltd — Updates, 02-05-2025: Company Update

Vishal Fabrics Limited has announced a Monitoring Agency Report by CARE Ratings Limited on the preferential issue of equity share warrants aggregating Rs.153 crore. The proceeds are being utilized as intended: Rs.38 crore for working capital, Rs.86.33 crore for repayment of unsecured/secured loans and creditors, and Rs.28.42 crore for general corporate purposes. As of the latest quarter, Rs.38.25 crore has been received and partly deployed towards repayments, with no deviation or delays impacting project viability. The issue expenses are ongoing but within expected timelines. No unutilized funds have been invested elsewhere.