Vishal Fabrics Ltd — Important, 31-12-2025: Company Update

Vishal Fabrics Ltd. has received an order from the Central GST & Central Excise authority imposing a penalty of approximately Rs. 24.27 crore. This action stems from an alleged excess/incorrect Input Tax Credit claimed by the company. Management, after reviewing the order and consulting legal advisors, believes there will be no material financial impact on the company's operations from this penalty.