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:

As per government directives, and current circumstances, company in pursuance of the approval received from the concerned authorities in the State of Gujarat subject to fulfilment of certain conditions, the Company's manufacturing facility at Dholi Ahmedabad has partially resumed its operations with a limited workforce from April 11, 2020.

The Company is monitoring potential knock-on effects on production and deliveries and will try to mitigate the same.

Company has sufficient liquidity and bank limits in order to protect themselves from any potential delay in the working capital cycle.

Employees :

All permanent employees have been asked to work from home.

HR department is playing very proactive role by constantly ..