5327212026-01-012026-03-315327212026-03-315327212025-03-315327212025-04-012026-03-315327212026-01-012026-03-31in-capmkt:OtherExpenses1Member5327212025-04-012026-03-31in-capmkt:OtherExpenses1Member5327212026-03-31OtherNoncurrentFinancialAssetsDomain15327212026-03-31OtherCurrentFinancialAssetsDomain15327212026-03-31OtherCurrentAssetsDomain15327212026-03-31OtherNoncurrentFinancialLiabilitiesDomain15327212026-03-31OtherCurrentFinancialLiabilitiesDomain15327212026-03-31OtherCurrentFinancialLiabilitiesDomain25327212026-03-31OtherCurrentLiabilitiesDomain15327212026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15327212025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15327212026-01-012026-03-31RelatedPartyTransactionDomain15327212025-12-31RelatedPartyTransactionDomain15327212026-03-31RelatedPartyTransactionDomain15327212026-01-012026-03-31RelatedPartyTransactionDomain25327212025-12-31RelatedPartyTransactionDomain25327212026-03-31RelatedPartyTransactionDomain25327212026-01-012026-03-31RelatedPartyTransactionDomain35327212025-12-31RelatedPartyTransactionDomain35327212026-03-31RelatedPartyTransactionDomain35327212026-01-012026-03-31RelatedPartyTransactionDomain45327212025-12-31RelatedPartyTransactionDomain45327212026-03-31RelatedPartyTransactionDomain45327212026-01-012026-03-31RelatedPartyTransactionDomain55327212025-12-31RelatedPartyTransactionDomain55327212026-03-31RelatedPartyTransactionDomain55327212026-01-012026-03-31RelatedPartyTransactionDomain65327212025-12-31RelatedPartyTransactionDomain65327212026-03-31RelatedPartyTransactionDomain65327212026-01-012026-03-31RelatedPartyTransactionDomain75327212025-12-31RelatedPartyTransactionDomain75327212026-03-31RelatedPartyTransactionDomain75327212026-01-012026-03-31RelatedPartyTransactionDomain85327212025-12-31RelatedPartyTransactionDomain85327212026-03-31RelatedPartyTransactionDomain85327212026-01-012026-03-31RelatedPartyTransactionDomain95327212025-12-31RelatedPartyTransactionDomain95327212026-03-31RelatedPartyTransactionDomain95327212026-01-012026-03-31RelatedPartyTransactionDomain105327212025-12-31RelatedPartyTransactionDomain105327212026-03-31RelatedPartyTransactionDomain105327212026-01-012026-03-31RelatedPartyTransactionDomain115327212025-12-31RelatedPartyTransactionDomain115327212026-03-31RelatedPartyTransactionDomain115327212026-01-012026-03-31RelatedPartyTransactionDomain125327212025-12-31RelatedPartyTransactionDomain125327212026-03-31RelatedPartyTransactionDomain125327212026-01-012026-03-31AuditorDomain15327212026-03-31Statement15327212026-01-012026-03-31Statement15327212026-03-31Statement25327212026-01-012026-03-31Statement2iso4217:INRxbrli:pureiso4217:INRxbrli:shares532721VISACHROMENOTLISTEDINE286H01012VISA Chrome LimitedMain BoardEquity2025-04-012026-03-312026-05-252026-05-18INRCroresQuarterlyFourth quarterSingle segmentFerro Alloys2026-05-2512:30:002026-05-2518:50:00trueCash Flow IndirectDeclaration of unmodified opiniontruetrueNANAfalsefalsetrue2falseNot Applicable2026-01-012026-03-31AuditedStandalone1709800000980000017196000001244500000006960000076200000643000003303000001784900000-65300000108911000001082580000000001082580000000001082580000045000001083030000012929000001090.688.50090.688.51. The above standalone financial results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held on 25 May 2026. The Statutory Auditors have conducted the audit of the above standalone financial results. <BR> 2. The name of the Company has been changed from VISA Steel Limited to VISA Chrome Limited ("the Company") pursuant to issuance of fresh Certificate of Incorporation by Ministry Of Corporate Affairs dated 28 April 2026. <BR> 3. The standalone financial results of the Company for the quarter and year ended 31 March 2026 have been prepared in accordance with the Indian Accounting Standards ("Ind AS") as prescribed under section 133 of the Companies Act 2013 read with the Companies (Indian Accounting Standards) Rules, 2015 and relevant rules thereafter. <BR> 4. The Company is in the business of Ferro Alloys and hence has only one reportable operating segment as per Ind AS 108 "Operating Segments". <BR> 5. The Company's financial performance has been adversely affected due to non-availability of working capital for operations, and other external factors beyond the Company’s control. It is expected that the overall financial health of the Company would improve after improvement in availability of working capital. Accordingly, the Company has prepared the financial results on the basis of going concern assumption. The statutory auditors have also drawn attention to the above matter without qualifying their opinion in their Audit Report. <BR> 6. During the quarter and year ended 31 March 2026, the Company has arrived at an understanding with Assets Care and Reconstruction Enterprise (ACRE) for restructuring/settlement of its outstanding loan exposure covering 100% of the lenders and has received a sanction letter based on approval of the restructuring/settlement. The adjustment has been carried out in the books of accounts of the Company on the basis of the aforesaid understanding for restructuring/settlement and the settlement agreement is under process. <BR> 7. The Preferential Issue Committee of the Board of Directors on 26 November 2025 had approved and alloted 5,00,00,000 warrants at an issue price of Rs. 40/- each payable in cash, on preferential basis, on receipt of Rs. 50 Crore i.e., 25% of the Issue price. These warrants are convertible into or exchangeable for equivalent number of fully paid up Equity Shares of the Company of face value of Rs.10/- each which may be exercised in one or more tranches during the period commencing from the date of allotment of the warrants until the expiry of 18 months. Subsequent to the quarter and year ended 31 March 2026, the Preferential Issue Committee of the Board of Directors on 6 April 2026, approved conversion of 1,65,00,000 warrants into Equity Shares by way of allotment of equivalent number of Equity Shares of face value of Rs. 10/- each, on receipt of balance consideration of 75% i.e., Rs. 49.50 Crore, and the amount received has been utilised for repayment of debt to ACRE. As on the reporting date, the Company has converted 3,00,00,000 warrants into Equity Shares, including 1,35,00,000 warrants converted in the quarter ended 31 December 2025 upon receipt of Rs.40.50 Crore. The total consideration received of Rs.140 Crore as above has been utilised for repayment of debt to ACRE. <BR> 8. During the quarter and year ended 31 March 2026, the Company has arrived at an understanding with VISA Infra Limited (formerly VISA Infrastructure Limited) for restructuring/settlement of its outstanding loan exposure, with waiver of interest w.e.f. 1 January 2026, and adjustment has been carried out in the books of accounts of the Company accordingly. <BR> 9. The Exceptional items for the year ended 31 March 2026 represent (a) write back of difference between the outstanding amount and settlement amount of the loan exposure of Rs. 1,082.20 Crore and (b) waiver of interest on outstanding amount of the unsecured loan granted by VISA Infra Limited (formerly VISA Infrastructure Limited) of Rs. 6.91 Crore (The previous periods represent (a) impairment loss on fixed assets of Rs. 438.07 Crore (b) write off of abandoned projects lying in Capital Work in Progress Rs. 38.75 Crore (c) write back of difference between the outstanding amount and settlement amount of the loan exposure of Rs. 7.50 Crore). <BR> 10. The figures for the last quarter of the current year and for the previous year are the balancing figures between the audited figures in respect of full financial year ended 31 March and the unaudited published figures up to the third quarter ended 31 December. <BR> 11. Previous year/periods figures have been regrouped or rearranged, wherever necessary. <BR> <BR> <BR> <BR> <BR> *During the reporting quarter, the Company has not raised any funds. However, in the integrated filing (Finance) utility, there is no option to select "0" under the tab "No. of times funds raised during the quarter". Therefore, value "2" has been selected for the purpose of submission of the form.2025-04-012026-03-31AuditedStandalone561620000063900000568010000037573000000028510000033140000025880000014371000006069700000-3896000001089110000010501500000000010501500000000010501500000310000010504600000129290000010-349150000087.8985.850087.8985.85Other Expenses330300000Other Expenses143710000044637000000005000000004220000000931000001353000000459950000015870000005000002510000051000000255900000286600000237000002833000007523000000053518000001292900000-3491500000-2198600000-2198600000000032970000032970000013600000003433000003542500000018640000018640000019380000039227000003273500000109000000072071000000075504000005351800000Other financial Assets93100000Other financial assets255900000Other Current Assets283300000Lease liabilities329700000lease liabilities43000000Other Financial Liabilities150800000Other current liabilities327350000075800000-423000009000000001290000000043530000000025880000000000000000-2800000-1090560000055000000-10153400000348100000000-13200000036130000000000000300000252300000000000000000000000280000000-24920000000540000000000000900000000818000000123000000365000000-8910000023000000023000000210000025100000Items that will not be reclassified to Profit or Loss45000004500000Items that will not be reclassified to Profit or Loss31000003100000000045000003100000VISA Chrome Limited (formerly Known as VISA Steel Limited)******VISA Minmetal Limited******Member of a Group of which Enterprise having significant influence is also a memberAny other transactionPurchase / Sale of goods, Rendering / Receiving of services and Reimbursement / Recovery of expenses9500000000Approved3026900000256900000375600000VISA Chrome Limited (formerly Known as VISA Steel Limited)******VISA Coke Limited******Member of a Group of which Enterprise having significant influence is also a memberAny other transactionPurchase / Sale of goods, Rendering / Receiving of services and Reimbursement / Recovery of expenses560000000Approved2466000002092000000VISA Chrome Limited (formerly Known as VISA Steel Limited)******VISA Special Steel Limited******Member of a Group of which Enterprise having significant influence is also a memberAny other transactionPurchase / Sale of goods, Rendering / Receiving of services and Reimbursement / Recovery of expenses1000000000Approved359000000-74700000VISA Chrome Limited (formerly Known as VISA Steel Limited)******VISA Infra Limited (formerly known as VISA Infrastructure Limited)******Enterprise having significant influenceAny other transactionFinance Cost40000000Approved60200000547100000500000000VISA Chrome Limited (formerly Known as VISA Steel Limited)******VISA Industries Limited******Enterprise having significant influenceAny other transactionPreferential Issue of Shares Against Warrants2000000000Approved90500000000VISA Chrome Limited (formerly Known as VISA Steel Limited)******Vishambhar Saran******Key Managerial PersonnelRemuneration17400000Approved8700000700000700000VISA Chrome Limited (formerly Known as VISA Steel Limited)******Vishal Agarwal******Key Managerial PersonnelRemuneration18400000Approved9200000700000800000VISA Chrome Limited (formerly Known as VISA Steel Limited)******Manoj Kumar******Key Managerial PersonnelRemuneration7700000Approved3800000300000200000VISA Chrome Limited (formerly Known as VISA Steel Limited)******Ritu Bajaj******Independent DirectorAny other transactionSitting Fees1000000Approved40000000VISA Chrome Limited (formerly Known as VISA Steel Limited)******Biswajit Chongdar******Independent DirectorAny other transactionSitting Fees1000000Approved40000000VISA Chrome Limited (formerly Known as VISA Steel Limited)******Dhanesh Ranjan******Independent DirectorAny other transactionSitting Fees1000000Approved10000000VISA Chrome Limited (formerly Known as VISA Steel Limited)******VISA Urban Infra Limited******Joint VentureAny other transactionShare of profit/loss of Joint Venture1000000Approved0004297200000AuditedtrueSinghi & Co.true2028-08-31Preferential Issues2025-11-265E+152026-03-31trueCARE RATINGS LIMITEDfalseNot ApplicableNoneNone AMISHA CHATURVEDI KHANNACompany Secretary and Compliance OfficerKolkata2026-05-25Preferential Issues2025-12-224.05E+152026-03-31true CARE RATINGS LIMITEDfalse Not ApplicableNoneNone