Summary of Key Information:
Reporting Period: Quarter Ended June 30, 2026 (Q1 FY27)
Nature of Filing: Outcome of Board Meeting and Quarterly Financial Results
Audit Opinion:
Limited Review Report - Clean opinion but with emphasis of matter regarding material uncertainty relating to going concern
Key Financial Highlights [₹ in Crore]:
Standalone Results:
Revenue from Operations: ₹120.44 crore (compared to ₹170.98 crore in Q1 FY25, representing a decrease)
Total Income: ₹120.50 crore
Net Profit: Loss of ₹9.56 crore (compared to profit of ₹4.33 crore in Q1 FY25)
EPS: Basic and Diluted (₹0.66) loss per share
Other Equity: Not specified for current quarter
Consolidated Results:
Revenue from Operations: ₹120.44 crore
Total Income: ₹120.50 crore
Net Profit: Loss of ₹9.56 crore attributable to owners of the company
EPS: Basic and Diluted (₹0.66) loss per share
Other Equity: (₹349.15) crore as of March 31, 2026
Expense Breakdown (Standalone):
Cost of Materials Consumed: ₹71.29 crore
Employee Benefit Expenses: ₹7.60 crore
Finance Costs: ₹7.93 crore
Depreciation and Amortization: ₹6.76 crore
Other Expenses: ₹52.60 crore
Segment-wise Performance:
The company has only one reportable operating segment - Ferro Alloys business as per Ind AS 108.
Corporate Actions:
Paid-up Equity Share Capital increased to ₹145.79 crore from ₹129.29 crore (face value ₹10 each)
During the quarter, the Preferential Issue Committee approved conversion and allotment of 1,65,00,000 warrants into equity shares upon receipt of ₹49.50 crore (75% balance consideration)
Total of 3,00,00,000 warrants converted to date, raising ₹140 crore used for repayment of debt to ACRE
Director Appointments/Changes:
1. Mr. Vishambhar Saran (DIN: 00121501) re-designated as Non-Executive Director designated as Chairman effective December 15, 2026
2. Mr. Vishal Agarwal (DIN: 00121539) re-appointed as Vice Chairman & Managing Director for 5 years effective June 25, 2027
3. Mr. Manoj Kumar (DIN: 06823891) re-appointed and re-designated as Joint Managing Director from September 15, 2026 to December 31, 2030
4. Ms. Ritu Bajaj (DIN: 02167982) re-appointed as Independent Director for second term of 3 years effective August 24, 2026
5. Mr. Dhanesh Ranjan (DIN: 03047512) retired effective September 29, 2026 upon completion of second term
Other Significant Information:
The company's financial performance adversely affected due to non-availability of working capital for operations
Operations continue under conversion arrangement
Exceptional items for previous period included write back of ₹1,082.20 crore loan settlement difference and waiver of ₹6.91 crore interest on unsecured loan
Scheme of Arrangement between VISA Infra Limited and VISA Industries Limited sanctioned by NCLT Kolkata on April 21, 2026, effective April 1, 2025