Vishal Fabrics Ltd — Updates, 08-07-2025: Company Update

Vishal Fabrics has announced a board meeting outcome approving the conversion of 8,067,176 warrants held by Elysian Wealth Fund into equity shares at an issue price of Rs. 30.60 each, raising Rs. 18.51 Cr. Post-conversion, the company’s paid-up capital increased to Rs. 108.81 Cr, comprising 217.61 million equity shares of Rs. 5 each. Elysian Wealth Fund’s stake rose to 3.71%. Warrants totaling 3 crore remain convertible within 18 months, requiring payment of Rs. 22.95 per warrant upon exercise. This fund infusion supports the company’s equity base and shareholder strength.