FY26 Annual Report: renamed to VISA Chrome, Rs 1,050 Cr PAT on debt write-back
VISACHROME · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
VISA Chrome (formerly VISA Steel) filed FY26 annual report. Revenue Rs 561.62 Cr vs Rs 566.21 Cr prior year. PAT Rs 1,050 Cr (vs Rs 517 Cr loss) driven by Rs 1,082 Cr loan write-back from ACRE debt settlement covering 100 percent of lenders. Ferro Chrome plant runs under conversion arrangement due to working capital shortage. Auditor flagged going concern uncertainty. 3 crore warrants converted to equity from promoter group VISA Industries for Rs 140 Cr, used for debt repayment. No dividend. Name changed to VISA Chrome effective 28 April 2026. AGM on 29 September 2026.
Large PAT is a one-time debt write-back, not real profits. Going concern flag, no dividend, and equity dilution from promoter warrants. Stock may stay volatile.