Vishal Fabrics boosts stake in Quality Exim, shares rise

Shares of Vishal Fabrics rose sharply on March 20, 2025, after the company announced it had increased its stake in Quality Exim Private Limited. This move is seen as a positive step for Vishal Fabrics in the competitive textile sector. During intraday trading, Vishal Fabrics' stock climbed as much as 4.5%, opening at Rs 25 on the Bombay Stock Exchange (BSE). This was a 2.5% increase from the previous close of Rs 24.32. The stock later reached an intraday high of Rs 25.40, indicating strong interest from investors. In a regulatory filing, Vishal Fabrics stated it had acquired 192,000 equity shares of Quality Exim at Rs 260 per share, totaling Rs 4.99 crore. This purchase, made on March 19, came from several shareholders of Quality Exim. Before this acquisition, Vishal Fabrics already owned 28.03% of Quality Exim. Following the deal, its control increased to 37.92%. Quality Exim Private Limited is involved in various textile processes, including manufacturing and trading cotton fabrics. For the financial year ending March 31, 2024, Quality Exim reported a turnover of Rs 223.33 crore. The company's authorized share capital is Rs 4.25 crore, while its paid-up capital stands at Rs 2.54 crore. The increase in stake highlights Vishal Fabrics' intent to strengthen its position in the textile market. Analysts are now watching for any further acquisitions or synergies with Quality Exim, as the textile sector continues to show steady demand and support from government initiatives.