| 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 Company
October 22, 1985
- Incorporation of the Company
September 03, 2003
- Setting up of a Captive Power Plant of 2.3 MW
August 10, 2005
-Installation of Wider Width processing unit
February 15, 2007
-Expansion of the Wider Width Unit by installing new Machinery
February 14, 2011
- Setting up of a Continuous Bleaching Range (CBR) Unit
February 11, 2012
- Setting up of Oil Boilers
March 31, 2014
-Conversion of the Company from Private to Public.
2017
-The company issued rights shares of Rs. 10 in the ratio of 2:3 at a premium of Rs. 90 per share.
2020
-The Company has issued Bonus Shares in the Ratio of 1:2.
2022
-The Company has issued Bonus Shares in the Ratio of 2:1.
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