Appointment of Chief Executive Officer

November 03, 2026 The Compliance Department, BSE Limited, P. J. Towers, Dalal Street, Fort, Mumbai – 400 001 Scrip Code: 538598 Security ID: VISHAL Dear Sir/Ma’am, Subject: Outcome of the Board Meeting held on November 03, 2026. In terms of Regulations 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with corresponding circulars and notifications issued thereunder, we hereby inform you that Meeting of the Board of Directors held on today Tuesday, November 03, 2026 commenced at 4.00 P.M. and concluded at 5:00 P.M. has inter alia: 1. Considered, approved and adopted the standalone and consolidated un-audited financial results of the company for the quarter and half year ended 30th September, 2026. The Standalone and Consolidated Un-Audited Financial Results of the Company for the quarter and half ended September 30, 2026 along with the Limited Review Report by the Statutory Auditors’ thereon is enclosed as Annexure -I. 2. Resignation of Mr. Suketu shah from the position of chief executive officer of the company, effective from November 03, 2026. The details as per the requirement of Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 read with SEBI Circular no. CIR/CFD/CMD/4/2015 dated September 09, 2015 and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 is given in Annexure- 3. Appointment of Mr. Ravindra Bajranglal Bajaj as the chief executive officer, effective from November 03, 2026. The details as per the requirement of Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 read with SEBI Circular no. CIR/CFD/CMD/4/2015 dated September 09, 2015 and SEBI Circular No. SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 dated July 13, 2023 is given in Annexure- Please take the same on your record. Thanking you, For VISHAL FABRICS LIMITED Brijmohan Chiripal Managing director DIN: 00290426 Encl: As above s CA VJ KAND ASSOCIATES Chartered Accountants I N o LIMITED REVIEW REPORT Independent Auditor's Review Report on the Unaudited Standalone Financial Results of VISHAL FABRICS LIMITED ("the Company") for the quarter ended 30 September 2026 and year to date results for the period from 1 April 2026 to 30 September 2026 pursuant to the Regulations 33 and 52 of the SEBI (Listing Obligation and Disclosure Requirements) Regulation 2015, (as Amended). The Board of Directors VISHAL FABRICS LIMITED 1. We have reviewed the accompanying statement of unaudited standalone financial results of VISHAL FABRICS LIMITED ("the Company") for the quarter ended 30 September 2026 and year to date results for the period from 1 April 2026 to 30 September 2026 ("the Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulations 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the Listing Regulations"). 2. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34, "Interim Financial Reporting" ("Ind AS 3411 ) prescribed under Section 133 of the Companies Act,2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulations 33 and 52 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 1 Review of Interim Financial Information Performed by the Independent Auditor of the Entity' issued by the Institute of Chartered Accountants of India (ICAI). This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free from material misstatement. A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under Section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 807, Phoenix, Opp. New Girish Cold Drinks, Near Vijay Cross Road, Navrangpura, 0009. Email: info@svjkadvisors.com Website: www.svjkadvisors.com Contact: 0 4. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard ("Ind AS") specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulations 33 and 52 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For, S V J K and Associates Chartered Accountants Firm Reg. No. 135182W CA Reeturaj Verma Partner M.No. 193591 UDIN: 26193591YSTLRU429 Place: Ahmedabad Date: November 03, 2026 SVJKAND ASSOCIATES CA Chartered Accountants INDIA LIMITED REVIEW REPORT Independent Auditor's Review Report on the Unaudited Consolidated Financial Results of Vishal Fabrics Limited ("the Company") for the quarter ended 30 September 2026 and year to date results for the period from 1 April 2026 to 30 September 2026 pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The Board of Directors of VISHAL FABRICS LIMITED 1. We have reviewed the accompanying Statement of Consolidated unaudited Financial Results of VISHAL FABRICS LIMITED ("the Parent")a nd its share of the net profit after tax and total comprehensive income/loss of its associates for the quarter ended 30 September 2026 and year to date results for the period from 1 April 2026 to 30 September 2026 (the 'Statement'), being submitted by the Parent Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended (the 'Listing Regulations'). 2. This Statement,w hich is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulations 33 and 52 of the Listing Regulations. Our responsibility is to express a conclusion on the State ment based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accorda [Showing first 8,000 characters — download PDF for full document]