The Board of Directors have approved the unaudited financial results of the Company for the quarter ended 30th June 2025 at their meeting held on 14.08.2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Chrome Silicon Limited approved its unaudited financial results for the quarter ended 30 June 2025 at a meeting held on 14 August 2025. Total income collapsed to Rs. 26.44 lakhs from Rs. 3,624.98 lakhs in the same quarter last year, while the company reported a net loss of Rs. 214.50 lakhs (improved from Rs. 657 lakhs loss a year ago). The statutory auditor (Pavuluri & Co.) issued a qualified review report flagging five issues: non-compliance with Ind AS 19 (no provision for gratuity/leave encashment), Rs. 13.34 crore in doubtful interest-free loans and advances, lack of physical inventory verification, missing balance confirmations for Rs. 10.63 crore of trade payables and Rs. 9.32 crore of other liabilities, and no physical verification of property, plant and equipment. The auditor also highlighted as an Emphasis of Matter that the company temporarily suspended operations at its Ferro Alloys manufacturing facility from 30 May 2025 due to adverse market conditions, with no clear timeline for reopening. Operating cash flow was negative at Rs. (631.02) lakhs, and the company took on Rs. 1,308.72 lakhs of fresh borrowings in the quarter.
This is a deeply negative filing for shareholders: revenue has virtually vanished quarter-on-quarter, the factory is shut indefinitely, and the auditor's qualified opinion with multiple qualifications signals serious concerns about the quality of financial reporting and asset recoverability. Negative operating cash flow combined with rising borrowings raises going-concern concerns; investors should expect continued pressure on the stock price and watch for any update on resumption of manufacturing operations.