Vishal Fabrics COVID-19 Business Update

/ -- Vishal Fabrics Limited (VFL), one of the leading manufacturers of denim fabric, is closely monitoring the evolution of the Coronavirus situation and its impact on the business. The following update is in the interest of investors and stakeholders.

Business Operations:
Employees :
Working Capital Update:
Credit Rating:
This is to inform that the ratings of Vishal Fabrics Ltd bank loan facilities amounting to Rs. 3442.9 Mn have been revised/reaffirmed by Brickwork Ratings as follows:
Facility
Previous Limits Rs. Mn
Present Limits Rs. Mn
Tenure
Rating History (March 2019)
Review Ratings*
Fund Based - Term loan
2116.3
1582.9
Long Term
BWR BBB+ (Stable)
BWR A- Outlook: Stable
Fund Based - Cash Credit
1700.0
1600.0
Non Fund Based
265.0
260.0
Short Term
BWR A2
BWR A2+
Total
4104.7
3442.9
? Three Thousand Four Hundred Forty Two Million and Nine Lacs Only
Response by the Management:
CSR Activities:
About Vishal Fabrics Limited (BSE Code - 538598)
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