The Board of Directors has approved the following: a) Board considered and approved the Audited Financial Results for the year/ quarter ended 31st March 2025. b) Board of Directors decided ....
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On the reaction day the stock moved 10.0 pts less than Nifty Microcap 250 and 10.0 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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Chrome Silicon Limited (formerly VBC Ferro Alloys) approved audited results for FY ended March 2025, reporting a huge loss of Rs. 88.17 crore (PAT) against a small profit of Rs. 0.42 crore in FY24. Revenue from operations fell to Rs. 73.40 crore from Rs. 89.81 crore, a decline of roughly 18%. The statutory auditor issued a qualified opinion flagging multiple concerns, including non-compliance with Ind AS 19 on employee benefits, material uncertainty over Rs. 15.55 crore of interest-free loans and advances, absence of physical verification of inventory and property, plant and equipment, and unconfirmed trade payables and other liabilities running into several crores. The board separately announced a temporary shutdown of its Ferro Alloys manufacturing facilities effective May 30, 2025, citing significant market fluctuations, with the company saying it will monitor conditions before deciding to resume. Financial health has clearly deteriorated, with the debt-equity ratio jumping from 0.56 to 3.06 and the current ratio falling from 1.59 to 0.56.
This is a strongly negative outcome for shareholders. A huge swing from profit to deep loss, a qualified audit report, a manufacturing shutdown, and sharply rising leverage point to serious operational and financial stress. Expect continued price weakness and elevated risk; small-cap and retail investors should exercise extreme caution.