MANAGING DIRECTOR''S MESSAGE
I welcome you all to this year''s Annual General Meeting of your Company, Vishal Fabrics Limited. It gives me immense pleasure to share with you activities of your Company during financial year 2017-18.
The company focused on expansions, vertical synergy, cost effectiveness, and high productivity and has scored high not only in monetary terms, but also in welfare activities.
I am glad to explain that your Company has achieved Operational revenue of Rs. 890.94/-Crorein Financial Year 2017-18 as compared to Rs 373.64/- Crore in the previous financial year and the profit before depreciation and tax also increased by 31.26 %, of Rs. 33.34/- Crore in the financial year 2017-18as compared to previous financial Year of Rs. 25.40/- Crore.
Your Company has successfully completed 4 years of Listing with BSE and also Migrated from SME to Main Board. While we have progressed a long way since the listing date, we believe the journey has just begun as we continue our endeavours to climb higher. Our aim and ambition continues to build a robust organization with a strong foundation that can weather challenges and create value for its stakeholders over many more decades.
Though the present industry scenario is challenging, Our Company expects to sustain its growth on the back of various initiatives taken in the past and in the coming years. Notwithstanding the macro economic slowdown, your company established high levels of governance and financial discipline and continue to remain focused on pursuing profitable growth.
I would like to express gratitude to employees, Creditors, Customers, Bankers and all stakeholders for their continued faith in the Company and the understanding they have shown during the past years. With this confidence I assure you all that the company will continue to grow and achieve its set targets.
Thank you for your support Yours Faithfully,
Brijmohan D. Chiripal