VISA Chrome Announces 30th AGM on Sep 29, 2026; Annual Report Released
VISA Chrome Limited will hold its 30th Annual General Meeting on September 29, 2026. The company reported FY26 consolidated revenue of ₹561.62 Crore and operating profit of ₹20.06 Crore. An exceptional item of ₹1,089.11 Crore significantly impacted the profit before tax. The company has raised ₹140 Crore through warrant conversions for debt repayment.
The announcement includes the date of the AGM, which is a routine corporate event. The financial results show a complex picture with both positive and negative indicators, including a significant exceptional item impacting profitability. The company's continued reliance on conversion arrangements highlights ongoing operational challenges.
The announcement details the upcoming AGM and the release of the annual report. While financial results show a mixed performance with reduced operating profit but a significant increase in profit before tax due to exceptional items, the overall outlook remains neutral as the company continues to operate under conversion arrangements.
VISA Chrome Limited (formerly VISA Steel Limited) has announced its 30th Annual General Meeting (AGM) to be held on Tuesday, September 29, 2026, at 12:00 PM IST. The meeting will be conducted through Video Conference (VC) / Other Audio-Visual Means (OAVM). The company has also released its Annual Report for the Financial Year 2025-26, which is available on its website, www.visachrome.com.
The financial statements for FY 2025-26 indicate a consolidated Revenue from operations of ₹561.62 Crores, a slight decrease from ₹566.21 Crores in FY 2024-25. The operating profit for FY 2025-26 stood at ₹20.06 Crore, down from ₹32.22 Crore in the previous year. The company reported a Profit before Tax of ₹1,050.15 Crore in FY 2025-26, a significant increase from a loss of ₹516.55 Crore in FY 2024-25, primarily due to an exceptional item related to loan restructuring and waiver of interest amounting to ₹1,089.11 Crore. The Ferro Alloy Plant continued operations under a conversion arrangement due to working capital constraints.
During the financial year, the company approved and allotted 5,00,00,000 warrants convertible into equity shares at ₹40 each to meet funding requirements and repay debt. As of the reporting date, 3,00,00,000 warrants were converted into equity shares, raising ₹140 Crores, which were utilized for debt repayment to ACRE. The company's name was officially changed from VISA Steel Limited to VISA Chrome Limited on April 28, 2026.
The company's Board of Directors has recommended the re-appointment of Mr. Vishal Agarwal as Vice-Chairman & Managing Director and proposed re-appointments and re-designations for Mr. Vishambhar Saran as Chairman, Mr. Manoj Kumar as Joint Managing Director, Mr. Biswajit Chongdar, and Ms. Ritu Bajaj as Independent Directors, subject to shareholder approval at the AGM.
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VISA Chrome Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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