newspaper publication of unaudited financial results for the quarter and half year ended 30th september, 2026

VISHAL CHIRIPAL « FABRICS LTD ANYONE ANYTIME ANYWHERE Date:04-11-2026 The Compliance Department, BSE Limited, P. J. Towers, Dalal Street, Fort, Mumbai — 400 001 Scrip Code: 538598 Security ID: VISHAL Dear Sir/Ma‘am Sub: Newspaper Advertisement. Pursuant to Regulation 30 and 47 of SEBI (Listing Obligation and Disclosure Requirements), 2015, we are enclosing copy of advertisement for unaudited Financial Results standalone and consolidated published in Chanakya Ni Pothi (English) and The Newsline (Gujarati) Ahmedabad on 04" November, 2026 for the Second quarter and Half Year ended on 30th September, 2026 of Vishal Fabrics Limited for your information and record. The same is also available on website of the Company at https:/vishalfabricsltd.com/ Please take the same on your record. Thanking you, For VISHAL FABRICS LIMITED Brijmohan Chiripal Managing director DIN: 00290426 Encl: As above Registered Office : Shanti Corporate House, Nr. Hira Rupa Hall, Bopal-Ambli Rd, Bopal, Ahmedabad - 380058, Gujarat, India. Ph:+91 6359701763 | 6359701796 info.vfi@chiripalgroup.com | www.vishalfabricsitd.com | CIN : L17110GJ1985PLC008206 $# © R rsnodenm e e e e e o e e e e T e e o CHANAKYA Ahmedabad 04-11-2026 Cement market steadily narrows to 2-horse race between UltraTech, Ambuja India’s cement industry is disappearance of independent than the sector. Its revenue steadily becoming a duopoly of companies absorbed by the big sharereached a record 34.4 per UltraTech Cement, part of the two. The number of cent at the end of March (FY26), NI POTHI Aditya Birla group, and Ambuja independent producers has up from 26.6 per cent in FY22 Cements, controlled by the fallen to 16 as of March 2026, and 20 per centin March 2016. Adani group. Through organic from 23 five years earlier and 32 growth and the purchase of in March 2016. The company was created SBI Q2FY27 results: Net profit rose NSE Q2FY27 results smaller independent producers, when the Aditya Birla group the two have captured almost UltraTech acquired a bought Larsen & Toubro’s 14% on loan growth, stake sales Consolidated net profit rises all of the sector’s incremental majoritystake in India Cements cement division in 2004. It growth over the past three in July 2024 and bought merged that business with the State Bank of India (SBI), opened in June. is on maintaining growth above 23% YoY to Rs.2,578 crore years. Kesoram Cement in March cement arm of Grasim the country’s largest lender, on nominal GDP growth. Ifnominal Tuesday reported a 14.28 per The bank used these GDP growth is around 12-12.5 The National Stock worked out by the working 2025. Ambuja has acquired Industries, the group’s parent cent year-on-year (Y-o0-Y) deposits to retire some of its per cent, SBI's growth rate is Exchange (NSE) on Tuesday group of the Securities and Since FY23 they have added Sanghi Industries, Penna company, in 2010. It later increase in net profit for the high-cost borrowings, which typically 3-4 percentage points reported a consolidated net Exchange Board of India (Sebi). Rs.2cror8e to, co0nsol0ida0ted Cement, Orient Cement and acquired most of the Jaypee July-September quarter helped improve margins. higher. That is the basis for our profit of Rs.2,578 crore in the That could be exciting for market net sales, against industry-wide Jaypee Cement in the past three group’s cement assets in three (Q2FY27), aided by lower guidance of 14-15 per cent second quarter (July- participants and that could revenue growth of about years. The latest consolidation stages, along with Binani provisions and healthy growth “T am happy that the NIM credit growth,” Setty said. September/Q2) of 2026-27 expand the cash market. Weare Rs.27,800 crore. wave began when the Adani Cement, Century Textiles and in net interest income (NII). trajectory has been positive. (FY27), up 23 per cent from also looking at the new group bought Ambuja and its Industries (now Aditya Birla ‘We will continue to benefit from He said SBI did not face any Rs.2,098.5 crore recorded in the amendments to the CAS regime The sector still looks subsidiary ACC from Real Estate), Kesoram The net profit stood at the 25 bps increase in the immediate pressure to raise corresponding period a year that go live in December. That competitive, with 16 Switzerland’s Holcim in May Industries and, most recently, Rs.23,038 crore in Q2FY27, external benchmark-linked rate deposit rates, as it had excess ago. However, on a quarter-on- can help investors trade more,” independent producers, but the 2023. Analysts say India Cements. beating market estimates of (EBLR). Ifthere are any further government securities (above quarter basis, net profit said Sriram Krishnan, chief gap between the top two and consolidation strengthens These have let UltraTech Rs.22,619 crore. Its NI — the repo rate hikes, the EBLR- the mandated statutory declined 17.38 per cent. business development officer at the rest is widening. Their pricing power. outpace the industry. Over five difference between interest linked portfolwiilol be repriced liquidity ratio) worth more than NSE, during an analyst call after combined revenue share rose years, its consolidated net sales earned and interest expended relatively quickly,” he said. Rs4trillion, providing sufficient In its first quarterly results the results. t051.2 per cent in FY26, from “Cement is a homogenous grew ata compound annual rate 44.8 per centin FY23, 42.5 per commodity with little product of 14.5 per cent, against 9 per — grew nearly 15 per cent Y-o- liquidity to support credit after listing, the exchange Y toRs49,413 crino Q2rFY2e7, This could add another 4-5 growth. However, with robust reported a 10.6 per cent year- The exchange is also cent in FY21 and 38.7 per cent and pricing differentiation cent for the industry as a whole, driven by robust loan growth. bps to NIM, even assuming credit growth across the on-year increase in revenue awaiting approval from the inFY16. Cement becomes the between producers. In this rising to Rs.83,127 crore in some increase or adjustments banking system, some banks from operations to Rs 4,066.8 Reserve Bank of India for its fifth major Indian industry — scenario, consolidation FY26, from Rs.42,286 crorein The bank’s non-interest in deposit rates, he said. “We may need to consider crore in Q2FY27. On a corporate bond index, which after telecoms, airlines, steel improves price discipline and FY21 and Rs.22,814 crore in income declined nearly 5 per are hopeful of maintaining NIM increasing deposit rates. “We sequential basis, however, has already received Sebi's and paints — in which the top results in higher margins and FYl6. cent Y-0-Y toRs.19,066 crore, above 3 per cent,” Settyadded. will take an appropriate call at revenue from operations approval. The exchange said two players hold at least half profits,” says Dhananjay Sinha, mainly due to lower treasury the appropriate time,” he said. declined nearly 10.8 per cent. the index could be an “exciting the market. co-head ofresearch and equity Ambuja’s net sales grew income. This was despite SBI SBI’s advances grew nearly product” in the fixed-income strategy at Systematix more slowly, at 10.65 per cent a gaining Rs.7,288 crore from the 18 per cent Y-0-Y and 3.19 per The bank’s provisions for The sequential decline was space, particularly for Fewer independents Institutional Equity. year. Excludthie ntogp two, the sale of its stake in SBI Funds cent sequentially to ?52.08 bad loans declined 33 per cent primarily driven by revenue specialised investment funds. rate was a mere 5.45 per cent. Second-tier producers, UltraTech in the lead Management during the quarter. trillion in Q2FY27. Retail loans Y-0-Yt0?2,759 crorein Q2FY27. from transaction charges, The bank also sold shares in increased 14.54 per cent to However, slippages rose to which account for the largest The management added including Shree Cement, G Chokkalingam, founde&r the National Stock Exchange Rs.18.25 trillion, while Rs. [Showing first 8,000 characters — download PDF for full document]