The long-term rating on Fund Based - Term Loan Rs185.81cr (previous Rs158.29cr) and Fund Based - Cash Credit (Rs160cr) has been reaffirmed at BWR A- and outlook revised to Stable from Negative. The short-term rating on Non-Fund Based Rs26cr has been reaffirmed at BWR A2+.
The company is a leading denim manufacturing and fabric processing unit incorporated in 1985. A part of the renowned Chiripal Group, Vishal Fabrics constantly strives to improve and innovate with its wider fabric manufacturing capacity and carbon reducing technology across its processing units.
Vishal Fabrics Limited stock on Thursday ended at Rs127.60 per piece down Rs1.05 or 0.82% on the BSE.