The Company inadvertently did not attach the Limited Audit Review Report while uploading the results in BSE site. Therefore, the Company herewith submits the Limited Audit Review Report ....
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Chrome Silicon Limited filed its unaudited Q3 FY26 results (quarter ended 31 December 2025) along with the Limited Review Report, which was inadvertently not uploaded earlier. Total income for the quarter stood at Rs. 534.07 lakhs, and the company reported a net loss of Rs. 213.06 lakhs (EPS of Rs. -1.30). For the nine months ended December 2025, total income sharply fell to Rs. 1,012.30 lakhs from Rs. 7,117.68 lakhs in the same period last year, with a loss of Rs. 727.64 lakhs (EPS Rs. -4.44). The company's Ferro Alloys manufacturing operations have been suspended since 30 May 2025 due to significant market fluctuations. The statutory auditor issued a qualified review report highlighting non-compliance with Ind AS 19 on employee benefits, doubts over recovery of Rs. 26.93 crore in interest-free loans, lack of physical inventory and asset verification, and unreconciled trade payables of Rs. 9.38 crore and other liabilities of Rs. 9.19 crore.
This is a negative signal for shareholders — revenue has collapsed (a roughly 86% drop in nine-month income YoY), the company is loss-making, manufacturing is shut down with no clarity on restart, and the auditor's qualified report flags serious governance, recoverability, and compliance concerns. Investors should view this as a high-risk, possibly distressed situation with the stock likely to remain under pressure until operations resume and audit qualifications are resolved.