VISHAL FABRICS Share price

The Company was incorporated as Vishal Fabrics Private Limited on October 22 1985 under the Companies Act 1956 bearing the Registration Number 008206 of 1985-86 with the Registrar of Companies Gujarat. The status of the Company was changed to a public limited company and the name of our Company was changed to Vishal Fabrics Limited by a special resolution passed on February 25 2014. The fresh certificate of incorporation consequent to the change of name was granted to the Company on March 31 2014 by the Registrar of Companies Ahmedabad Gujarat.The business of VFL is weaving bleaching dyeing processing printing and sizing of Grey Fabric made from all types of yarn.As stated in the main objects contained in its memorandum of association the Company is engaged in the business of dyeing printing and processing of fabrics of its own and also on job work basis. The Company procures mainly Grey Fabric and dyes prints and finishes the same as per the client?s requirements. The processing unit of the Company is based in Narol Ahmedabad Gujarat. The plant has the capacity to print dye and process wide range of fabrics i.e. cotton polyester viscose and man-made & blended fabrics suitable for men?s women?s home furnishing and many other applications.The Company is promoted by Chiripal Group Ahmedabad. The Company was initially engaged in trading of fabrics. Though the Company was incorporated in 1985 the Company?s activities were almost dormant till the year 1999. During the year 1999-2000 we took over the Units of Associate concerns Bhushan Petrofils Private Limited and Prakash Calender Private Limited; both located at Narol Ahmedabad on lease basis and started the processing of fabrics. Over the years with a view to expand the installed capacity and broad base the market of its products we put up the own Plant & Machinery.Major events in the history of the CompanyOctober 22 1985- Incorporation of the CompanySeptember 03 2003- Setting up of a Captive Power Plant of 2.3 MWAugust 10 2005-Installation of Wider Width processing unitFebruary 15 2007-Expansion of the Wider Width Unit by installing new MachineryFebruary 14 2011- Setting up of a Continuous Bleaching Range (CBR) UnitFebruary 11 2012- Setting up of Oil BoilersMarch 31 2014-Conversion of the Company from Private to Public