VISA Chrome Limited has informed the Exchange about General Updates
VISACHROME · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
VISA Chrome Limited (formerly VISA Steel Limited) reported FY2026 results with Revenue from Operations of Rs. 561.62 Crore, marginally lower than Rs. 566.21 Crore in FY25. The company reported an operational loss of Rs. 38.96 Crore before exceptional items, improved from Rs. 47.23 Crore loss in FY25. A major exceptional item of Rs. 1,089.11 Crore was recorded due to debt restructuring with ACRE (Assets Care and Reconstruction Enterprise), resulting in a net profit of Rs. 1,050.15 Crore versus a loss of Rs. 516.55 Crore in FY25. The auditors issued an unmodified opinion but highlighted material uncertainty regarding going concern due to accumulated losses and eroded net worth. The company completed debt restructuring covering 100% of lenders and raised Rs. 140 Crore through preferential warrant conversions.
While the PAT turned positive due to one-time debt restructuring gains, the underlying business remains unprofitable. The going concern uncertainty and operational losses signal continued risks. Shareholders should monitor working capital availability and restructuring execution closely.