Mauritius-Based Elysian Wealth Fund Raises Stake In This Textile Stock To 6.89%; Do You Own?

Situated in Ahmedabad, Vishal Fabrics Limited—renowned as a flagship denim producer within the Chiripal Group—has reported that Elysian Wealth Fund, previously operating as Silver Stallion Limited, has augmented its ownership to 6.89 per cent of the company's total paid-up equity capital. This transaction is aligned with the recent preferential issuance of 80.67 lakh equity shares, which were allotted subsequent to the conversion of fully convertible warrants, in accordance with the provisions stipulated in Chapter V of the SEBI ICDR Regulations. The disclosure was made by the fund, which is not part of the promoter group, to both BSE and NSE where the stock is listed.

Vishal Fabrics' net profit climbed by 35.54% to Rs 8.81 crore in the September 2025 quarter compared to Rs 6.50 crore in the September 2024 quarter. In Q2FY26, sales improved 12.56% to Rs 433.09 crore from Rs 384.78 crore in Q2FY25.

In a strategic initiative to bolster its capital base, the company's finance committee ratified, on 6 August 2025, the exercise of 2.25 crore convertible warrants into equity shares at an exercise price of Rs 30.60 per share (Rs 5 face value plus a share premium of Rs 25.60). The warrants were allotted to non-promoter and public category investors, and the conversion was authorised following the receipt of the remaining 75 per cent of the exercise price, aggregating to Rs 51.64 crore. The original allotment of the warrants was sanctioned on 12 September 2024, with the subscribers having remitted 25 per cent of the exercise price at the time of issuance.

Current strategic programs include first, sophisticated reclaimed-water facilities that drastically reduce freshwater withdrawal; second, the continuous substitution of conventional feedstocks with certified sustainably sourced fibers; and third, a comprehensive zero-liquid-discharge effluent treatment architecture that ensures complete resource recovery. Collectively, these initiatives not only embody a robust pledge to sustained ecological stewardship but also deliver measurable improvements in operational performance and resource productivity.

Vishal Fabrics Limited has announced that it has received a significant merchant export order from Kiran Enterprises for the supply of a wide and versatile range of premium denim fabrics valued at approximately Rs. 100 crore. This significant order, which was granted by a domestic organization, is set to be dispatched beginning on January 15, 2026, and will be carried out during the course of the 2026 calendar year. The export order is planned to cater to key foreign markets such as Nigeria, Egypt, South Africa, Turkey, and Morocco, maintaining the company's strong global foothold in the textile business.