Vishal Fabrics Ltd — Important, 31-03-2026: Company Update

Vishal Fabrics has received an updated order from tax authorities, revising a previously imposed GST penalty. The original penalty, which was approximately Rs. 24.27 Cr, has now been reduced to about Rs. 21.36 Cr. This penalty stems from an excess or incorrect Input Tax Credit claimed by the company. Despite the revised order, Vishal Fabrics maintains its assessment, supported by legal counsel, that this matter will not have a material financial impact on the company's operations.