VISA Chrome Limited Announces Financial Results and Board Decisions Following Annual Meeting

VISA Chrome Limited Announces Financial Results and Board Decisions Following Annual Meeting​

VISA Chrome Limited, previously known as VISA Steel Limited, released its Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The company also provided updates regarding several key director appointments and re-designations following a Board meeting held on August 12, 2026.

The results were reviewed by the Audit Committee, and the statutory auditors conducted a limited review of the interim financial information. Both the standalone and consolidated statements reflect that the company is operating under a going concern assumption due to financial challenges.

Financial Performance Highlights (Q Ended June 30, 2026)​

The Unaudited Standalone Financial Results for the quarter ending June 30, 2026, show key movements in revenue and profitability compared to prior periods. The company reported a Profit/(Loss) For the Period of (9.56), with Total Income standing at 120.50.

A summary of the standalone results is provided below:


The Consolidated Unaudited Financial Results for the quarter ended June 30, 2026, show Total Income of 120.50 and a Profit/(Loss) For the Period of (9.56).

Key Corporate Governance Updates​

The Board meeting approved significant changes in corporate leadership and directorships. These decisions are subject to approval by the Members at the ensuing Annual General Meeting.

Director Re-designations and Appointments:

• Mr. Vishambhar Saran was re-designated as a Non-Executive Director designated as Chairman of the Company, effective from December 15, 2026. He will continue on the Board in this capacity following his tenure as Whole-time Director.
• Mr. Vishal Agarwal was approved for re-appointment as Vice-Chairman and Managing Director of the Company for a five year period, effective from June 25, 2027.
• Mr. Manoj Kumar was approved for re-appointment and re-designation as Joint Managing Director, commencing from September 15, 2026 up to December 31, 2030.
• Ms. Ritu Bajaj was approved for re-appointment as an Independent Director for a second term of three consecutive years, effective from August 24, 2026.
• The retirement of Mr. Dhanesh Ranjan, Independent Director, was noted with effect from September 29, 2026, upon completion of his second consecutive term.

A table summarizing the key appointments and roles is as follows:

Going Concern and Material Transactions​

The limited review report highlighted material uncertainty relating to going concern across both the standalone and consolidated results. Both audits noted that the Company has accumulated losses, currently showing current liabilities substantially higher than current assets, resulting in a fully eroded net worth. Management stated that the company prepared the statements on a going concern basis based on the assumption that financial health will improve with improved working capital availability.

The Board meeting also approved Material Related Party Transaction(s), subject to approval by the Members of the Company at the Annual General Meeting.

Future Meetings​

The 30th Annual General Meeting of the company has been scheduled for Tuesday, September 29, 2026, which will be held through Video Conferencing (VC) or Other Audio Video Means (OAVM).

VISACHROME Stock Price Movement​

Today, shares of VISA Chrome Limited settled downward by 0.16% to close at ₹37.50, marking a slight decline for the stock on the day. Trading saw a volume of 9,496 shares, which moved the equity within an intraday range spanning from a low of ₹36.10 to a high of ₹37.99.