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VISA Chrome Limited (VISACHROME)

₹32.07 -0.59% last close, 16 Oct

📊 NSE: VISACHROME 🏢 Ferro & Silica Manganese 📢 Latest filing: 16 Oct 2026

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, VISA Chrome's revenue was ₹120 Cr (-29.6% year on year, -29.6% on the previous quarter), and net profit ₹-9.6 Cr (against a profit a year earlier); the operating margin was 4.2%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹120	-29.6%	-29.6%
Operating profit	₹5.1	-71.5%	-22.5%
Net profit	₹-9.6	to loss	to loss
EPS (₹)	-0.66	to loss	to loss
Operating margin	4.2%	—	—

Full quarterly financials → Results calendar →

VISACHROME delivery percentage and bulk deals

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 71.11% of the VISACHROME shares traded on NSE were taken to delivery, against the stock's own 20-session average of 78.87%. That is close to its usual level. Turnover was only ₹3 lakh, so a handful of trades can move this figure. Volume was under a tenth of its average. It closed at a price band (circuit) on 9 sessions in about the last 20. 4 bulk or block deals were reported in VISACHROME in the last 60 days: ₹10 Cr bought and ₹10 Cr sold.

71.11%Delivery, 16 Oct

78.87%Own 20-session average

<0.1×Volume vs its average

₹32.07NSE close · -0.59%

Delivery in the last 5 sessions: 72.3% · 81.2% · 74.4% · 88.3% · 71.1%

Date	Side	Counterparty	Value	Price	Quantity	Type
30 Sep	Sell	Assets Care And Reconstruction Enterprise Limited	₹5.00 Cr	₹36.00	1,390,000	Bulk
30 Sep	Buy	Mgo High Conviction Fund Incorporated Vcc Sub-Fund	₹5.00 Cr	₹36.00	1,388,800	Bulk
29 Sep	Buy	Nautilus Private Capital Ltd	₹5.08 Cr	₹32.51	1,562,500	Bulk
29 Sep	Sell	Assets Care And Reconstruction Enterprise Limited	₹5.08 Cr	₹32.51	1,562,500	Bulk

Delivery across the market →Circuit stocks →All bulk and block deals →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

VISA Chrome Submits Reg 74(5) Demat Compliance Certificate for Q2 FY27

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 16 Oct 2026, 03:28 PM

VISA Chrome Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate from Registrar and Share Transfer Agent KFin Technologies confirms that dematerialization requests received between July 1, 2026, and September 30, 2026, were processed within 15 days. Security certificates were verified, cancelled, and depositories were substituted as registered owners. This is a standard quarterly administrative filing with no operational or financial impact.

Compliance certificate filed for the quarter ended September 30, 2026
Dematerialization requests processed within 15 days of receipt
Covers transactions handled during the period from July 1, 2026, to September 30, 2026
Certificate issued by RTA KFin Technologies Limited dated October 8, 2026

💡 No action is required as this is a mandatory procedural compliance filing. Investors should focus on upcoming quarterly financial earnings reports.

VISA Chrome Shareholders Approve All 10 Resolutions at 30th AGM with 99.99% Majority

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 01 Oct 2026, 04:41 PM

VISA Chrome Limited announced the voting results and scrutinizer's report for its 30th Annual General Meeting held on September 29, 2026. All 10 resolutions were approved with requisite majority, securing over 99.99% votes in favor. Key agenda items passed included the re-appointment and remuneration revisions for key management personnel, as well as approval for material related party transactions.

All 10 resolutions passed with over 99.99% votes cast in favor
A total of 11,90,59,051 votes polled across remote e-voting and poll, representing an 81.665% turnout
Total shareholder base stood at 17,920 on the record date of September 22, 2026
Passed resolutions included re-appointment and remuneration revisions for MD Vishal Agarwal and JMD Manoj Kumar, plus approval of material related party transactions

💡 Track the upcoming Q2 FY27 financial results to monitor operational turnaround following a net loss of Rs 9.56 crore reported in Q1 FY27.

VISA Chrome Appoints Anutosh Maitra as Independent Director for 3-Year Term

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 29 Sep 2026, 07:21 PM

VISA Chrome Limited has approved the appointment of Mr. Anutosh Maitra as an Additional Director (Non-Executive and Independent), effective September 29, 2026, for a 3-year term ending September 28, 2029. The appointment is subject to shareholder approval. Mr. Maitra brings over 44 years of experience in the steel industry, including 37 years at Steel Authority of India Limited (SAIL) where he served as CEO of Bokaro Steel Plant. For context, VISA Chrome reported a net loss of Rs 9.56 crore on Rs 120.44 crore revenue in the June 2026 quarter.

Appointment of Mr. Anutosh Maitra effective September 29, 2026
Appointed for a term of 3 consecutive years up to September 28, 2029
Candidate has over 44 years of experience in the steel industry, including 37 years at SAIL
Appointment subject to approval by the company's shareholders

💡 Track the upcoming shareholder vote for formal ratification and monitor upcoming quarterly operational performance.

VISA Chrome Clarifies Identical Standalone and Consolidated Results for Q1 FY27

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 15 Sep 2026, 05:12 PM

VISA Chrome Limited submitted a clarification to the NSE regarding its financial results for the quarter ended June 30, 2026. The exchange had queried why Standalone and Consolidated figures were reported identically. The company clarified that its wholly owned subsidiary, Kalinganagar Chrome Private Limited (KCPL), and joint venture, VISA Urban Infra Limited (VUIL), had no commercial operations or revenue during the financial year ended March 31, 2026, resulting in a negligible financial impact on consolidated figures.

Responded to NSE's query dated September 3, 2026 regarding Q1 results submitted on August 12, 2026
Clarified that subsidiary KCPL and JV VUIL had zero business activity or revenue for the year ended March 31, 2026
Stated that Standalone and Consolidated results are identical due to negligible financial impact from non-operational units
Confirmed compliance with Regulation 33 of SEBI LODR and Schedule III of the Companies Act, 2013

💡 Investors should track upcoming quarterly filings to monitor if non-operational entities (KCPL and VUIL) resume commercial activities or incur material expenses.

VISA Chrome Schedules 30th AGM on 29 September 2026; E-Voting Cutoff on 22 September 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Sep 2026, 01:47 PM

VISA Chrome Limited has issued an intimation regarding the dispatch of its FY 2025-26 Annual Report and 30th AGM Notice to shareholders. The 30th AGM is scheduled for 29 September 2026 at 12:00 PM IST via video conferencing. The cut-off date for e-voting eligibility is set for 22 September 2026, with remote e-voting running from 26 September to 28 September 2026. The company also reminded physical security holders regarding mandatory KYC updates.

30th Annual General Meeting scheduled for 29 September 2026 at 12:00 PM IST via VC/OAVM
Cut-off date to determine shareholders eligible for e-voting is 22 September 2026
Remote e-voting window active from 26 September 2026 (9:00 AM IST) to 28 September 2026 (5:00 PM IST)
Voting results to be declared within 2 working days of the AGM conclusion

💡 Eligible shareholders should review the Annual Report FY 2025-26 and cast their votes between 26 and 28 September 2026 or during the AGM.

VISA Chrome Submits FY26 Annual Report; FY26 Revenue at ₹561.62 Cr, OP at ₹20.06 Cr

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 05 Sep 2026, 05:13 PM

VISA Chrome Limited (formerly VISA Steel Limited) has filed its Annual Report for FY 2025-26 and issued notice for its 30th AGM on 29 September 2026. Consolidated revenue for FY26 stood at ₹561.62 crore compared to ₹566.21 crore in FY25, while operating profit contracted to ₹20.06 crore from ₹32.22 crore. The company reported continuing operations under tolling/conversion arrangements due to working capital constraints. Additionally, it secured a sanction letter from ACRE for restructuring 100% of lender exposure and utilized ₹140 crore from warrant conversions toward debt repayment.

FY26 consolidated revenue reported at ₹561.62 crore versus ₹566.21 crore in FY25
Operating profit declined to ₹20.06 crore in FY26 from ₹32.22 crore in FY25
Received sanction letter from ACRE for 100% debt exposure restructuring/settlement
Converted 3,00,00,000 warrants (issued at ₹40 each) generating ₹140 crore to repay ACRE debt
30th Annual General Meeting scheduled for 29 September 2026

💡 Monitor execution of the debt settlement with ACRE and updates on operational cash flows to transition away from conversion arrangements.

VISA Chrome Dispatches FY26 Annual Report & AGM Notice; Highlights Debt Settlement with ACRE

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 05 Sep 2026, 05:05 PM

VISA Chrome Limited has issued its Annual Report for FY 2025-26 along with the notice convening its 30th Annual General Meeting on September 29, 2026. For FY26, consolidated revenue stood at ₹561.62 crore compared to ₹566.21 crore in FY25, while operating profit fell to ₹20.06 crore from ₹32.22 crore. The company reported receiving a sanction letter from Assets Care and Reconstruction Enterprise (ACRE) to restructure/settle 100% of lender exposure, utilizing ₹140 crore raised via converting 3.00 crore warrants (out of 5.00 crore allotted at ₹40 each) for debt repayment. Operations continue under a conversion/tolling model due to persistent working capital constraints.

FY26 consolidated revenue stood at ₹561.62 crore versus ₹566.21 crore in FY25.
Operating profit dropped 37.7% YoY to ₹20.06 crore in FY26 from ₹32.22 crore in FY25.
Secured sanction letter from ACRE covering restructuring/settlement of 100% of outstanding loan exposure.
Converted 3.00 crore warrants into equity shares, realizing ₹140 crore utilized for debt repayment.
30th AGM scheduled for Tuesday, September 29, 2026 via Video Conferencing.

💡 Track voting outcomes of the AGM on September 29, 2026, and monitor completion of debt settlement terms with ACRE alongside future working capital recovery.

Rs 200 Crore Preferential Issue: Monitoring Agency Reports No Deviations in Fund Utilization

🟡 NEUTRAL ⭐ 4/10

FUNDRAISE 📅 12 Aug 2026, 06:57 PM

VISA Chrome Limited has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, regarding its Rs 200 crore preferential warrant issue. The report, issued by CARE Ratings, confirms that there have been no deviations from the objects stated in the offer document. The company is utilizing Rs 150 crore for debt repayment and Rs 50 crore for general corporate purposes. Notably, the report mentions that the company incurred cash losses during FY26, highlighting the importance of this capital infusion for liquidity.

Total fundraise of Rs 200 crore through a preferential issue of equity warrants initiated in November 2025.
Rs 150 crore specifically earmarked for the repayment of existing debt to improve financial health.
CARE Ratings reported zero deviation in the utilization of proceeds for the quarter ended June 30, 2026.
The company reported cash losses for the financial year ended March 31, 2026.
Implementation of debt repayment is ongoing and scheduled to be completed within 18 months of receipt of proceeds.

💡 Investors should monitor the company's upcoming quarterly results to see if the debt repayment leads to a meaningful reduction in finance costs and if operational cash flows improve following the FY26 losses.

VISA Chrome Re-appoints MD for 5 Years; Auditor Flags Material Going Concern Risk

🔵 WATCH ⭐ 7/10

MANAGEMENT 📅 12 Aug 2026, 06:23 PM

VISA Chrome Limited has announced a leadership transition where founder Vishambhar Saran will move to a Non-Executive Chairman role effective December 15, 2026. Vishal Agarwal has been re-appointed as Managing Director for a 5-year term starting June 2027, ensuring leadership continuity. However, the statutory auditor's report for the quarter ended June 30, 2026, highlights a material uncertainty regarding the company's ability to continue as a 'going concern.' The company's net worth is fully eroded, and current liabilities are substantially higher than current assets, with operations currently sustained through conversion arrangements.

Vishal Agarwal re-appointed as Vice Chairman & MD for a 5-year term effective June 25, 2027.
Founder Vishambhar Saran to transition to Non-Executive Chairman from December 15, 2026.
Statutory auditors flagged that the company's net worth is fully eroded as of June 30, 2026.
Manoj Kumar re-designated as Joint Managing Director for a term ending December 31, 2030.
30th Annual General Meeting (AGM) scheduled for September 29, 2026, to approve material related party transactions.

💡 Investors should closely examine the upcoming AGM notice for details on 'Material Related Party Transactions' and monitor the company's ability to transition from conversion-based operations to a self-sustaining financial model.

₹200 Crore Preferential Issue: Monitoring Agency Reports Nil Deviation for VISA Chrome

🟡 NEUTRAL ⭐ 4/10

FUNDRAISE 📅 12 Aug 2026, 06:00 PM

VISA Chrome Limited (formerly VISA Steel) has released its Monitoring Agency Report for the quarter ended June 30, 2026, regarding its ₹200 crore preferential warrant issue. The report, prepared by CARE Ratings, confirms zero deviation in the utilization of funds compared to the objects stated in the offer document. Of the total proceeds, ₹150 crore is earmarked for debt repayment to ACRE, while ₹50 crore is for general corporate purposes. Notably, the agency highlighted that the company incurred cash losses during FY26, which remains a critical concern for investors.

Total issue size of ₹200 crore raised via preferential equity warrants to promoters and others.
₹150 crore allocated specifically for the repayment of existing debt to ACRE.
Zero deviation reported in fund utilization for the quarter ended June 30, 2026.
Company reported cash losses for the financial year ended March 31, 2026, as noted by the monitoring agency.
Utilization of funds for debt repayment is scheduled to be completed within 18 months from receipt of proceeds.

💡 Investors should monitor the company's upcoming quarterly results to see if the debt repayment leads to a significant reduction in interest costs and helps reverse the cash losses reported in FY26.

VISA Chrome Q1 2026 Results: Auditor flags 'Going Concern' risk as net worth fully eroded

🔴 NEGATIVE ⭐ 7/10

BOARD_MEETING 📅 12 Aug 2026, 05:52 PM

VISA Chrome Limited reported its Q1 FY27 results for the period ended June 30, 2026, accompanied by a severe 'Material Uncertainty Relating to Going Concern' warning from auditors. The company's net worth is fully eroded, and current liabilities significantly exceed current assets, casting doubt on its ability to continue operations. Amidst these financial struggles, the board approved a major management reshuffle, including the re-appointment of Vishal Agarwal as MD for 5 years and the transition of Vishambhar Saran to Non-Executive Chairman. Shareholders will vote on these changes and 'Material Related Party Transactions' at the AGM on September 29, 2026.

Auditor Singhi & Co. issued a 'Going Concern' warning citing fully eroded net worth and accumulated losses.
Current liabilities are reported as 'substantially higher' than current assets as of June 30, 2026.
Vishal Agarwal re-appointed as Vice Chairman & Managing Director for 5 years effective June 25, 2027.
Vishambhar Saran to transition from Whole-time Director to Non-Executive Chairman on December 15, 2026.
Board approved 'Material Related Party Transactions' subject to shareholder approval at the upcoming AGM.

💡 Investors should closely examine the upcoming AGM notice for details on 'Material Related Party Transactions' and monitor any management commentary regarding capital infusion or debt restructuring to address the eroded net worth.

VISA Chrome Re-appoints Biswajit Chongdar as Independent Director for 3-Year Term

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 06 Aug 2026, 07:43 PM

VISA Chrome Limited has approved the re-appointment of Mr. Biswajit Chongdar as a Non-Executive Independent Director for a second term of three consecutive years. The new term commences on August 7, 2026, and will run through August 6, 2029, subject to shareholder approval at the upcoming Annual General Meeting. Mr. Chongdar brings significant industry expertise, having spent 38 years at Steel Authority of India Limited (SAIL), including four years as Executive Director of Marketing. This move ensures continuity in the company's independent board oversight.

Re-appointment for a second term of 3 consecutive years starting August 7, 2026.
Director has 38 years of experience at SAIL, including 4 years as Executive Director (Marketing).
Approval granted via Circular Resolution on August 6, 2026, by the Board of Directors.
Appointment is subject to final approval by shareholders at the ensuing Annual General Meeting.

💡 Investors should monitor the upcoming Annual General Meeting for the formal shareholder vote on this re-appointment, though it is considered a routine governance matter.

VISA Chrome Limited Submits Routine Demat Confirmation for Q1 FY 2026-27

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 20 Jul 2026, 12:43 PM

VISA Chrome Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The Registrar and Share Transfer Agent, KFin Technologies, confirmed that all dematerialization requests received between April 1, 2026, and June 30, 2026, were processed within the mandated 15-day window. This process involves the mutilation and cancellation of physical certificates and updating the register of members with the depositories' names. This is a standard administrative filing required for all listed companies to ensure the integrity of shareholding records.

Compliance period covered from April 1, 2026, to June 30, 2026
Demat requests processed and confirmed within the regulatory timeline of 15 days
Physical security certificates were mutilated and cancelled after due verification
Registrar and Share Transfer Agent (RTA) involved is KFin Technologies Limited

💡 This is a routine procedural filing with no impact on the company's fundamentals. Investors should monitor the company's upcoming financial results for insights into its operational performance in the Ferro & Silica Manganese industry.

VISA Chrome Announces Trading Window Closure Starting July 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 25 Jun 2026, 04:00 PM

VISA Chrome Limited has notified the exchanges that its trading window for dealing in company securities will be closed starting July 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the financial results for the quarter ending June 30, 2026. The window will remain closed for all designated persons and their immediate relatives until 48 hours after the results are declared. This is a standard regulatory procedure for listed companies in India.

Trading window closure begins on July 1, 2026, for the quarter ending June 30, 2026.
Restriction applies to all designated persons and their immediate relatives under SEBI norms.
Window to reopen 48 hours after the official declaration of quarterly financial results.
Compliance filing submitted to both BSE (Scrip Code: 532721) and NSE (Symbol: VISACHROME).

💡 No action is required as this is a routine regulatory filing. Investors should look forward to the upcoming quarterly earnings announcement to evaluate the company's financial health.

View All VISACHROME Announcements on Live Market Tracking →