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Vishal Fabrics Limited (BSE: 538598) (NSE: VISHAL)announced its un-auditedstandalone financials for thethird quarterended31^stDecember 2021

Commenting on the performance, Mr.Brijmohan Chiripal, Managing Director & CEO, said,

”During the quarter the company was able to achieve sustainable margins.The company was able tosuccessfully pass on the additional cost to the customers.Our continuous efforts to keep operating expenses under controlhelped to maintainEBITDA margins. Moreover, we carried forward the momentum and recorded 46% growth in the sale of finish fabrics. Capacity utilization level during the quarter remains stable. Our order book continues to be strong for the fourth quarter of FY22.To deliver superior outcomes to all of our stakeholders, we reaffirm our continuous focus on quality, production efficiency, on-time delivery, design, and innovation. While the short-term headwinds may persist, we continue to be optimistic on the growth opportunities for the Indian textile industry on a long-term basis and our ability to increase utilization level and increase our revenue and market share.’’

Corporate Action

The Board of Directors in their meeting held on 27.01.22 declared the Issue of Bonus Shares of the proportion of 2 (Two) Equity Share of Rs. 5/- each for every 1 (one) Equity Share of Rs.5/- each held by shareholders of the Company as on the record date,subject to the approval of members and other approvals, consents, permissions, conditions and sanctions, as may be necessary

StandaloneFinancial Performance:

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