Visa Steel Ltd (VISACHROME) Announcements - Latest Exchange Filings with AI Summaries
Latest corporate announcements filed by Visa Steel Ltd on NSE and BSE, with an AI summary of each filing.
Voting Results and Scrutinizer''s Report for the 30th AGM of the Company.
Annual General Meeting · 01 Oct 2026, 10:13 pm
Intimation under Regulation 30 of the SEBI (LODR) Regulations, 2015
Change in Management · 30 Sept 2026, 12:46 am
VISA Chrome Appoints Anutosh Maitra as Additional Independent Director VISA Chrome Limited has approved the appointment of Mr. Anutosh Maitra as an Additional Director (Non-Executive and Independent) via a circular resolution dated 29th Sep'26, subject to shareholder approval. The appointment is for a three-year term effective 29th Sep'26 through 28th Sep'29. Maitra brings over 44 years of steel industry experience, having spent 37 years at SAIL, where his roles included CEO of Bokaro Steel Plant and Executive Director in the Chairman's Secretariat. He is unrelated to any current director.
Outcome of the 30th Annual General Meeting of the Company.
Annual General Meeting · 29 Sept 2026, 8:55 pm
Please find enclosed herewith letter sent to those shareholders whose email addresses are not registered with the Company/RTA/Depository Participants.
Others (Uncategorized) · 07 Sept 2026, 7:16 pm
VISA Chrome Dispatches FY26 AGM Notice and E-Voting Schedule VISA Chrome Limited has issued communication regarding its 30th AGM scheduled for 29th Sep'26 via video conferencing, alongside web links to its FY25-26 Annual Report for unregistered email holders. The cut-off date to determine shareholder eligibility for e-voting is 22nd Sep'26. Remote e-voting commences on 26th Sep'26 at 9:00 AM IST and concludes on 28th Sep'26 at 5:00 PM IST. Voting will also be accessible during the AGM, with results to be declared within two working days of the meeting's conclusion.
Annual Report and AGM Notice for FY 2025-26.
Intimation · 05 Sept 2026, 10:43 pm
Annual Report and AGM Notice of the Company for FY 2025-26.
Intimation · 05 Sept 2026, 10:36 pm
Annual Report for FY 2025-26.
Others (Uncategorized) · 05 Sept 2026, 10:03 pm
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Assets Care & Reconstruction Enterprise Ltd
Acquisition/ Disposal of Shares · 01 Sept 2026, 4:03 pm
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Assets Care & Reconstruction Enterprise Ltd
Acquisition/ Disposal of Shares · 28 Aug 2026, 10:58 pm
ACRE Reduces Stake in VISA Chrome Through Open Market Sale Assets Care & Reconstruction Enterprise Ltd (ACRE), acting as a trustee for various trusts, sold 67,55,253 equity shares of VISA Chrome Ltd on Aug 27, '26, via an open market transaction. This sale represented 4.63% of VISA Chrome's total share capital. Following the disposal, ACRE's total holding decreased from 7.25% (1,05,63,899 shares) to 2.61% (38,08,646 shares). On a diluted basis, the shareholding fell from 6.37% to 2.30%. The acquirer does not belong to the promoter group.
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for AL Maha Investment Fund PCC ONYX Strategy
Acquisition/ Disposal of Shares · 19 Aug 2026, 11:11 pm
Al Maha Investment Fund Acquires Stake in Visa Chrome Al Maha Investment Fund PCC - Onyx Strategy acquired 7,894,000 equity shares of Visa Chrome Ltd via an open market transaction on 17th Aug'26. This acquisition represents a 5.4146% stake in the total share capital and 4.7615% on a fully diluted basis. Post-transaction, Al Maha Investment Fund, which held no prior stake, now holds a significant minority position in the company. The shares were acquired on both the NSE and BSE. Total diluted share capital is 165,789,500 shares.
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Assets Care & Reconstruction Enterprise Ltd
Acquisition/ Disposal of Shares · 19 Aug 2026, 4:49 pm
ACRE Reduces Stake in VISA Chrome Through Open Market Sale Assets Care & Reconstruction Enterprise Ltd (ACRE), acting as trustee for various trusts, sold 83,48,362 shares (5.73%) of VISA Chrome Ltd in the open market between 24 Jun'26 and 17 Aug'26. This transaction reduced ACRE's shareholding from 12.97% to 7.25% of total voting capital. On a diluted basis, its holding decreased from 11.41% to 6.37%. VISA Chrome's total equity share capital post-transaction remains INR 1,45,78,95,000, with ACRE holding 1,05,63,899 shares.
Monitoring Agency Report
Others (Uncategorized) · 13 Aug 2026, 12:36 am
VISA Chrome: Monitoring Report on Rs. 200 Crore Warrant Issue Proceeds CARE Ratings, the monitoring agency for VISA Chrome's Rs. 200 crore preferential warrant issue, submitted its report for the quarter ended Jun 30, '26. Of the Rs. 140 crore raised to date, Rs. 50 crore was utilized during the quarter for debt repayment to Asset Care and Reconstruction Enterprise Limited (ACRE), bringing total utilization to Rs. 140 crore. The report confirms no deviation from the stated objects of the issue. Notably, the company incurred cash losses in FY26 and is undergoing a debt restructuring/settlement process.
Change in management pursuant to reappointments and redesignations.
Change in Management · 12 Aug 2026, 11:55 pm
VISA Chrome Q1FY27 Loss; Auditor Flags Going Concern Uncertainty VISA Chrome reported a standalone net loss of ₹9.56 crore for Q1FY27 ended Jun 30, '26, compared to a ₹4.33 crore profit YoY. Revenue from operations fell 29.5% YoY to ₹120.44 crore. Auditors highlighted a material uncertainty related to going concern, citing accumulated losses, eroded net worth, and current liabilities substantially exceeding current assets. Management changes include Mr. Vishambhar Saran’s re-designation to Non-Executive Chairman effective Dec 15, '26. The 30th AGM will be held on Sep 29, '26.
Outcome of Board Meeting and Change in Management pursuant to reappointments and redesignations.
Outcome · 12 Aug 2026, 11:51 pm
VISA Chrome Reports Q1FY27 Loss, Re-designates Chairman VISA Chrome reported a standalone net loss of ₹9.56 Cr for Q1FY27, against a ₹4.33 Cr profit YoY, on revenue of ₹120.44 Cr. The Board approved the results for the quarter ended Jun 30, '26, and noted the auditor's concern about material uncertainty related to going concern due to accumulated losses and eroded net worth. Key management changes include Mr. Vishambhar Saran's re-designation as Non-Executive Chairman effective Dec 15, '26. The 30th AGM will be held on Sep 29, '26 via video conference.
Outcome of the Board Meeting.
Financial Result · 12 Aug 2026, 11:35 pm
VISA Chrome Q1FY27 Results, Board Changes & Auditor's Going Concern Warning VISA Chrome reported a Q1FY27 standalone net loss of ₹9.56 Cr versus a ₹4.33 Cr profit YoY, on revenue of ₹120.44 Cr (-30% YoY). The Board approved results, key management re-appointments, and set the AGM for 29 Sep'26. Significantly, auditors highlighted a "Material Uncertainty Relating to Going Concern" due to accumulated losses, eroded net worth, and liabilities exceeding assets. The company's ability to continue is dependent on raising finance and generating future profits, outcomes which are not wholly within its control.
Outcome of the Board Meeting - Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Outcome · 12 Aug 2026, 11:22 pm
Visa Steel Ltd - Financial Result for the Quarter ended 30th Jun'26 (Consolidated, INR Crore) ■ Revenue: 120 (-29.6% YoY | -29.6% QoQ) ■ EBITDA: 5.1 (-71.5% YoY | -22.5% QoQ) ■ EBITDA Margin (%): 4.2 (-618 bps YoY | +38 bps QoQ) ■ PAT: -9.6 (Profit to Loss YoY | Profit to Loss QoQ) ■ EPS (INR): -0.66 (Profit to Loss YoY | Profit to Loss QoQ)
Re-appointment of Mr. Biswajit Chongdar as an Independent Director.
Change in Management · 07 Aug 2026, 1:13 am
VISA Chrome Re-Appoints Independent Director for Second Term VISA Chrome announced the re-appointment of Mr. Biswajit Chongdar as a Non-Executive Independent Director, effective 7th Aug'26 for a second term of three years. This decision, made on 6th Aug'26, is pending shareholder approval. Mr. Chongdar previously served as Executive Director (Marketing) at Steel Authority of India Limited (SAIL), bringing 38 years of experience in steel marketing, logistics, and raw material sourcing. He is not related to any other director and is not debarred from holding office by any SEBI order.
VISA Chrome Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/08/2026 ,inter alia, to consider and approve To inter alia, consider and approve ....
Intimation · 12 Aug 2026, 5:30 am
Visa Chrome Board Meeting Scheduled for Q1 FY27 Results Visa Chrome (NSE: VISACHROME) has scheduled a Board of Directors meeting on Aug 12, '26, to consider and approve the standalone and consolidated unaudited financial results for the quarter ended Jun 30, '26. In accordance with SEBI PIT Regulations, the trading window for employees and connected persons will remain closed until 48 hours after the financial results are announced to the stock exchanges.
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Assets Care & Reconstruction Enterprise Ltd
Acquisition/ Disposal of Shares · 24 Jun 2026, 4:21 pm
ACRE Reduces Stake in VISA Chrome Through Open Market Sale Assets Care & Reconstruction Enterprise Ltd (ACRE), acting as a trustee, sold 48,75,572 equity shares (3.34% stake) of VISA Chrome Ltd in the open market between Jun 10 and Jun 22, 2026. Following the sale, ACRE's shareholding in VISA Chrome decreased from 16.32% to 12.97%. The disclosure, dated Jun 23, 2026, was made under SEBI's SAST regulations, as the change in shareholding exceeded the 2% threshold. VISA Chrome's total voting capital remains at INR 1,45,78,95,000 post-transaction.
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Assets Care & Reconstruction Enterprise Ltd
Acquisition/ Disposal of Shares · 08 Jun 2026, 8:20 pm
Assets Care & Reconstruction Enterprise Ltd Invokes Pledge on VISA Chrome Shares On 05 Jun'26, Assets Care & Reconstruction Enterprise Ltd (ACRE) invoked a pledge over 23,787,833 equity shares of VISA Chrome Ltd, previously pledged by Visa International Ltd. This transaction gives ACRE ownership of the shares, representing 16.3% of VISA Chrome's total share capital and 14.3% of its diluted share capital. The invocation is to recover outstanding dues under restructured credit facilities. Following the acquisition, ACRE holds these shares, while its encumbrance on the company's shares becomes nil.
Monitoring Agency Report
Others (Uncategorized) · 26 May 2026, 2:01 am
VISA Chrome: No Utilization of Warrant Issue Proceeds in Q4FY26 CARE Ratings' monitoring report for the quarter ended 31 Mar'26 confirms no utilization of funds from VISA Chrome's Rs. 200 crore preferential warrant issue. Of the Rs. 90.50 crore raised till date, Rs. 90 crore has been utilized for debt repayment and GCP. The remaining Rs. 0.50 crore is unutilized. The agency noted the company continues to incur cash losses based on Dec'25 financials. There are no deviations from the stated objects of the issue, which include Rs. 150 crore for debt repayment.
Financial Results for the Quarter and Year ended March 31, 2026
Financial Result · 26 May 2026, 1:17 am
VISA Chrome Reports FY26 Profit Aided by Exceptional Items; Reappoints Auditors VISA Chrome posted a standalone net profit of ₹1,082.58 crore for Q4 FY26, driven by a ₹1,089.11 crore exceptional item from loan restructuring. This reverses a loss of ₹488.21 crore in Q4 FY25. For the full year FY26, net profit was ₹1,050.15 crore, against a loss of ₹516.55 crore YoY. The Board, meeting on 25 May'26, approved the results and reappointed M/s DGM & Associates as Cost Auditor and M/s L.B. Jha & Co. as Internal Auditor for FY27.
Outcome of the Board Meeting
Outcome · 26 May 2026, 1:11 am
Visa Chrome Reports FY26 Profit Driven by Exceptional Item, Reappoints Auditors VISA Chrome posted a standalone FY26 profit after tax of Rs. 1,050.15 crore, a significant turnaround from an FY25 loss of Rs. 516.55 crore. This was driven by an exceptional gain of Rs. 1,089.11 crore from a loan settlement write-back. Q4 FY26 revenue from operations was Rs. 170.98 crore. The board, at its meeting on 25 May'26, approved the results, reappointed DGM & Associates as Cost Auditor and L. B. Jha & Co. as Internal Auditor for FY27, and received an unmodified audit opinion.
Outcome of the Board Meeting-Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Outcome · 26 May 2026, 1:08 am
Visa Steel Ltd - Financial Result for the Quarter ended 31st Mar'26 (Consolidated, INR Crore) ■ Revenue: 171 (+5.3% YoY | +17.9% QoQ) ■ EBITDA: 6.5 (-22.6% YoY | Loss to Profit QoQ) ■ EBITDA Margin (%): 3.8 (-138 bps YoY | Loss to Profit QoQ) ■ PAT: 1,083 (Loss to Profit YoY | Loss to Profit QoQ) ■ EPS (INR): 88.5 (Loss to Profit YoY | Loss to Profit QoQ)
The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 19, 2026 for Visa Infra Ltd
Encumbered Shares - Invocation / Release · 20 May 2026, 2:18 pm
Visa Infra Releases Pledged Shares in Visa Chrome On 24 Apr'26, promoter VISA Infra Limited released a pledge on 1,82,87,167 shares (12.54% of total capital) of VISA Chrome Limited held with State Bank of India. This release is due to a settlement understanding with Assets Care & Reconstruction Enterprise (ACRE). Post-event, VISA Infra’s encumbered holding in VISA Chrome decreased to 2,61,00,000 shares, representing 17.90% of total capital, down from 30.45% previously. Per an NCLT order, VISA Infra is no longer a promoter of VISA Chrome.