VISA Chrome Announces FY 2026 Financial Results and Board Appointments

VISA Chrome Announces FY 2026 Financial Results and Board Appointments​

VISA Chrome Limited, formerly known as VISA Steel Limited, announced the approval of its audited standalone and consolidated financial results for the financial year ended March 31, 2026. At the Board of Directors meeting held on May 25, 2026, the company also announced the reappointment of its cost and internal auditors for the fiscal year 2026-27.

The company confirmed that statutory auditors, M/s Singhi & Co. Chartered Accountants, issued an unmodified opinion on the standalone and consolidated financial results for the period.

Audit and Governance Updates​

The Board of Directors, based on recommendations from the Audit Committee, ratified the reappointment of two key audit firms for the financial year 2026-27:

• Cost Auditor: M/s DGM Associates, Cost Accountants (Firm Registration No.: 000038). The proposed remuneration will be placed before the shareholders for ratification at the upcoming AGM.
• Internal Auditor: M/s L. B. Jha & Co. Chartered Accountants (Firm Registration No.: 301088E).

Financial Performance Summary​

The company released detailed standalone and consolidated financial statements for the quarter and year ended March 31, 2026.

Consolidated Financial Highlights (Rs. in Crore)​

Standalone Financial Highlights (Rs. in Crore)​

Balance Sheet and Cash Flow Status​

As of March 31, 2026, the total assets of the parent company stood at 533.39 Rs. Crore, matching the total equity and liabilities.


The statement of consolidated cash flows for the year ended March 31, 2026, indicated a net cash flow from operating activities of 36.13 Rs. Crore. The company recorded a net increase in cash and cash equivalents of 2.30 Rs. Crore for the period.

Operational Context and Restructuring​

The company confirmed that its financial results were prepared on a going concern basis due to the adverse impact of non-availability of working capital for operations and other external factors.

In related developments, VISA Chrome Limited reported key understandings designed to restructure its outstanding loan exposure:

1. ACRE Understanding: The company arrived at an understanding with Assets Care and Reconstruction Enterprise (ACRE) for restructuring and settlement of its outstanding loan exposure, covering 100% of the lenders. A sanction letter was received based on this understanding.
2. VISA Infra Limited Understanding: Separately, during the quarter and year ended March 31, 2026, the company arrived at an understanding with VISA Infra Limited (formerly VISA Infrastructure Limited) for restructuring/settlement of its outstanding loan exposure, including a waiver of interest effective from January 1, 2026.

The results are subject to the Board of Directors having reviewed and approved the financials at the meeting on May 25, 2026.

VISACHROME Stock Price Movement​

Today, shares of VISA Chrome Limited edged higher, settling at ₹51.52, marking a notable 4.17% gain. The equity traded on 34,251 shares today, finding support within its day range of ₹50.11 to ₹52.56.