I welcome you all to this year's Annual General Meeting of your Company Vishal Fabrics Limited. It gives me immense pleasure to share the achievements of your Company during nancial year 2018-19.
Your Company doubled up this year in the sense of its e orts visibility of brand employee engagement stability in process and capacity social welfare activities and aggressiveness in making its presence across the Denim industry spectrum.
I am glad to explain that your Company has achieved consolidated Operational revenue of Rs. 998.49/- Crore in Financial Year 2018-19 as compared to Rs . 890.94/- Crore in the previous nancial year and the pro t before depreciation and tax also increased by 49.22 % of Rs. 49.75 /- crore in the nancial year 2018-19 as compared to previous nancial Year of Rs. 33.34/- Crore.
Your Company continues to build a robust organization with a strong foundation that can weather many a storm to create value for its stakeholders for decades to come. You Company's culture is making a paradigm shift towards more professional thought process. the Vishal Fabrics Limited is to build the brand Vishal as one of the key players on the Denim world map.
We have started working with major well-known brands in the fashion world. Your Company Vishal Fabrics Ltd. is striding ahead to entrench its name as one of the most preferred names in Denim Fabric. Our team has grown and adaptive to new changes striving for a workspace that engages more as an ecosystem of talents.
Your Company has strengthened its processes and has been successful in obtaining certi cates like ISO 9001:2015ISO 14001:2015OEKO-TEXBCIGOTSGRS that build con dence among international brands/buyers.
Your Company is conscious about Environmental Sustainability and social welfare therefore e ective initiatives are taken like Zero Liquid Discharge E uent Treatment Plant Conversion of energy more greener planet etc.
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 con dence I assure you all that the company will continue to grow and achieve its set targets.
Thank you for your support
|BRIJMOHAN D. CHIRIPAL|