The Company conducted a postal ballot, and the last date for casting of remote voting is 20.08.2025. As per the Scrutinizer report, all the resolutions have been passed with the requisite majority.
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Chrome Silicon Limited (formerly VBC Ferro Alloys Ltd) conducted a postal ballot with the last date of remote e-voting on August 20, 2025. All four resolutions were passed with overwhelming majority (99.9996% in favor on non-promoter votes). The resolutions included two special resolutions to enhance guarantee/securities limits for loans of Krishna Power Utilities Limited (KPUL) and to provide a corporate guarantee to Krishna Green Energee Pvt Ltd (KGEL), and two ordinary resolutions to approve related party transactions with KPUL and KGEL under SEBI (LODR) Regulations. Total votes cast were 9,683,734, of which 2,581,815 promoter votes were excluded from the count as related party votes. The Scrutinizer's report was issued by Atchuta & Associates on August 20, 2025.
Shareholders have approved the company's increased guarantee exposure to two related parties (KPUL and KGEL), which expands the company's contingent liability but signals management's confidence in supporting these group entities. The near-unanimous non-promoter approval reduces governance friction, though retail investors should note the increased related-party guarantee risk on Chrome Silicon's balance sheet.