Anil S. Shah & Co. Anil S. Shah Krunal A. ShahF.CA, B. Com. F.C.A, B. Com.

Chattered Accountants

Auditor's Report on Half yearly Financial Results and Year to Date Results of the CompanyPursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

To

Board of Directors,Vishal Fabrics Limited

We have audited the half yearly financial results of Vishal Fabrics Limited for the half year ended 31't March,

2016 and the year to date results for the period 0l-'t April, 2015 to 31't March, 2016, attached herewith, being

submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and

Disclosure Requirements) Regulations, 201.5. These half yearly financial results as well as the year to date

financial results have been prepared on the basis of the interim financial statements, which are theresponsibility of the Company's management. Our responsibility is to express an opinion on these financial

results based on our audit of such interim financial statements, which have been preparred,in accordance withthe recognition and measurement principles laid down in Accounting Standard for lnterimiFinancial Reporting(AS 25), prescribed under Section 133 of the Companies Act, 2013 read with relevant ruleslssutd there under

andotheraccountingprinciplesgenerallyacceptedinlndia'

We conducted our audit in accordance with the auditing standards generally accepted in lndia. Those standards

require that we plan and perform the audit to obtain reasonable assurance about whether the financial results

are free of material misstatement(s). An audit includes examining, on a test basis, evidence supporting theamounts disclosed as financial results. An audit also includes assessing the accounting principles used and

significant estimates made by management. We believe that our audit provides a reasonable basis for our

opinion,

ln our opinion and to the best of our information and according to the explanations given to us these half yearly

financial results as well as the year to date results:

are presented In accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and

Disclosure Requirements) Regulations, 2015 in this regard; and i

give a true and fair view of the net profit and other financial information for the half year ended 31't

March, 2016 as well as the yeir to date results for the period from OL't April, 2015 to 31't March, 2016.

For M/s. Anil S. Shah & Co.

Chartered Accountants

Firm Registration No.: 100474W

Membership No. 115801

Place: Ahmedabad

Date: 23'd May,2016

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302, Shailly Complex, Opp. Loha Bhawan, Old High Court Road, Nawangpura, Ahmedabad-380009.

Ph. : 079-27 S4ll46,E-mail : kprofessionals@yahoo.com, anilsshahco@yahoo.com

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ffi'ry ffiVISHAL FABRICS TIMITED

AUDITED FINANCIAL RESULTS FOR THE HALF YEAR AND YEAR ENDED ON 31.03.2016

tn

Sr.

No.

Particu Iars

Half Year Ended For the Year Ended

31.03.2016Audited

30.09.201sUnaudited

31.03.2015Audited

31.03.2016Audited

31.03.2015Audited

1

2

3

4

5

6

7

8

9

10

IL

L2

x314

t5

16

llncome from operations

l(a) trtet sales/income from operations

l1b1 Other operating income

lTotal income from operations (net)I

I Expenses

l(a) Cost of materials consumed

J(b) Purchases of stock-in-trade

| {.) Ct rn8.r in inventories of finished goods,

I work-in-progressandstock-in-trade

l(d) rmntovee benefits expense

l(e) Depreciation and amortisation expense

| (f) Other expenses

lTotrl "*p"ns",lprofit / (t-oss) from operations before otherincome, finance costs and exceptional items (1-2)Other income

Profit / (Loss) from ordinary activitiesbefore finance costs and exceptional items (3 + 4)

Finance costs

Profit / (Loss) from ordinary activities afterfinance costs but before exceptional items (5 - 5)

Exceptional items

Profit / (t oss) from ordinary activitiesbefore tax (7 + 8)

Tax expense

Net Profit / ([oss) from ordinary activitiesafter tax (9 - 101

Extraordinary itemsNet Profit / (Loss) for the period (11 + 12)

Paid-up equity share capital(Face Value : Rs. 10/- each)

Reserve excluding Revaluation Reserves as

per balance sheet of previous accounting year

Earnings per share (EPS)

(a) Basic and Diluted EPS before Extraordinary items (Face

Value of Rs. 10/- each) (not to be annualized)

(b) Basic and Diluted EPS after Extraordinary items (Face Value

of Rs. 10/- each) (not to be annualized)

15888.1s 11469.65 LL799.A2 27351.a0 22362 .55

15,888.15 7L,469.65 71,799.82 27,3s7.80 22,362.6s

tt248.tI333.46

(73.10)

1975.33

165.18

1047.50

6,969.78

907.19

(47.46],

1,498.09

778.76

898.08

7,774.02

769.04

(131.44)

1,653.94

l32.o7l846.2s

t8,2Lt.891.,240.65

(120.s6)

3,473.42

343.94

1,945.58

14,974.86

7,247.OO

(6s.13)

2,7L5.2L

305.85

7,673.6374,696.48 70.404.44 10,879.74 25,100.92 20,851.42

7,r91.67

29.s0

1,221.77

t92.26

1,028.91

1.31

1030.23

318.s5

117.68

71r.68

7,377.40

s.401

4015.

1,065.20

0.95

1,066.15

375.42

750.13

750.73

36.23

714.50

7L4.50

L,37t.40

5.42

5.42

920.08

1.2.27

932.35

260.73

671.62

(0.0s)

677.57

51.38

620.1.9

620.19

1.,377.40

4.71

4.71

2,256.88

30.45

2,287.33

507.68

7,779.65

1.31

7780.97

354.78

1426.79

1.426.1.9

1",31.7.40

7020.49

10.83

10.83

7,517.23

1?.27

1,523.50

531.83

997.67

o.42

992.09

58.43

933.6s

(0.0s)

933.60

7,317.40

5594.31

7.09

7.09

Corporate Office:Chiripal House, Near ShivranjaniCross Roads, Satellite, Ahmedabad-380015, Gujarat,lndia.Ph :079-267346601213 Fax : 079-26768656Email : corporate@chiripalgroup.comWeb : wvwv.chiripalgroup.com

Vishal Fabrics Limited(Formely known as Vishal Fabrics Private Limited )

(ClN: L1 71 1 OGJ1 985P1C008206)

MANAGING OIRECTOR

Plant & Registered office :

Ranipur, Narol Road, Ahmedabad-382405, Gujarat, lndia.Ph : 079-25353977178179180 Fax : 079-25353981

Email : cs.vfl@chiripalgroup"comWeb : wvwv.vishalfabricsltd.com

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Notes :

1 The above Audited Financial Results were reviewed by the Audit Committee and approved by the Board ofDirectors at their meeting held on 23rd May, 2016.

2 The Company has only one segment of activity namely Textile.3 Figures for the previous periods / year have been regrouped, recast and rearranged, wherever necessary.4 The status of lnvestor's Compliants during the half year ended on 31st March, 2016 is as under:

Particulars No. of Complaints

Pending at the beginning of above period Nil

Received durine the above period Nil

Disposed off during the above period Nil

Remaining unresolved as at the end of the above period NiI

For and on behalf of Board of Dlreitorsv d"fDftP"\y

Place : Ahmedabad

Date : 23rd May,2016Jyotiprasad D. Chiripal

Managing Director(D1Nr 00155595)

Vishal Fabrics Limited(Formely known as Vishal Fabrics Private Limited )

(ClN: Ll 711 OGJ1 985P1C008206)

Corporate Office: Plant & Registered office :

Chiripal House, Near Shivranjani Ranipur, Narol Road, Ahmedabad-382405, Gujarat, lndia.Cross Roads, Satellite, Ahmedabad-380015, Gujarat,lndia. Ph : 079-25353977178179180 Fax : 079-25353981Ph:079-267346601213 Fax : 079-26768656 Email : cs.vfl@chiripalgroup.comEmail : corporate@chiripalgroup.com Web :www.vishalfabricsltd.comWeb : www.chiripalgroup.com

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VISHAL FABRICS LIMITED

STATEMENT OF ASSETS AND LIABITITIES

Jyotiprasad Chiripal

Managing Director

(OlN:00155595)Vishal Fabrics Limited

(Formely known as Vishal Fabrics Private Limited )

For and on behalf of Board of

A^ L'*- F(t->'\*,-'Place:Ahmedabad

Date : 23rd May,2016

Corporate Office:Chiripal House, Near ShivranjaniCross Roads, Satellite, Ahmedabad-380015, Gujarat,lndia.Ph :079-267346601213 Fax : 079-26768656Email : corporate@chiripalgroup.comWeb : www.chiripalgroup.com

Plant & Registered office :

Ranipur, Narol Road, Ahmedabad-382405, Gujarat, lndia.Ph : 079-25353977178179180 Fax : 079-25353981

Email : cs.vfl@chiripalgroup.comWeb : www.vishalfabricsltd.com

EQUITY AND LIABILITIES

Shareholders' funds(a) Share Capital

691.1..7t

application pending allotment

) Deferred Tax liabilities (net)(c) Other Long term liabilities(d) Long term provisions

Current Liabilities

(a) Short term borrowings(b) Trade Payables

(c) Other current liabilities

2189.54

2484.3r

286.31

379.06

2631.85

1983.89

565.94

130.68

TOTAL. EQUITY AND TIABILITIES

a) Fixed -assets

i) Tangible assets

ii) lntangible assets

(ii) Capital work in progess

(b) Non current lnvestment(c) Deferred tax assets (Net)

(d) Long term Loans and advances

Other Non current assets

462.97

70.24

LL3.66

1564,36

64.65

lnventories

Trade Receivables

Cash and Cash Equivalents

) Short term loans and advances

(e) Other current assets

1316.68

6084.13

148.35

(ClN: Ll 71 1 OGJ1 985P1C008206)