Shareholders approve sale of Ferro Alloy Plant machinery

Core Business DivestedStrategic Transactions View source PDF Explain this filing

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₹41.59

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Nifty Microcap 250market · in no size index; the smallest one is used-0.7%-3.1% vs market

Ferro & Silica Manganese peers, median of 6sector-1.2%-2.6% vs sector

On the reaction day the stock moved 3.1 pts less than Nifty Microcap 250 and 2.6 pts less than its Ferro & Silica Manganese peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Ferro & Silica Manganese peers, median of 6Pending

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AI summary

Chrome Silicon Limited (formerly VBC Ferro Alloys) received shareholder approval via postal ballot for disposing of Plant and Machinery at its Ferro Alloy Plant in Rudhraram, Telangana. The special resolution passed with 99.9991 percent of votes in favor out of about 94.08 lakh valid votes cast by 81 shareholders. Promoters and promoter group fully supported the resolution with 35.55 percent voting. The e-voting ran from 22 June to 21 July 2026.

Likely market impact

Approval clears the way for the company to sell its ferro alloy plant assets, signaling a likely exit from its legacy ferro alloy business to unlock value.