Announced Wed, 22 Jul · 20:19 IST
Shareholders approve sale of Ferro Alloy Plant machinery
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-3.8%1-day move
₹41.59
prior close
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base price
After-mkt
timing
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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.