Chrome silicon Limited has announced the immediate resignation of Mr. Hirak Kumar Basu from his position as Independent Director, effective March 13, 2026. The company informed the BSE about this development in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Details and Tenure

Mr. Hirak Kumar Basu, holding Director Identification Number (DIN) 09701496, served as an Independent Director since August 12, 2022. In his resignation letter dated March 13, 2026, he cited personal reasons for stepping down from the board with immediate effect.

Committee Responsibilities Affected

With his resignation, Mr. Basu automatically ceased to hold his positions across multiple board committees where he served as both Chairman and member. His departure impacts the following committees:

• Nomination and Remuneration Committee (Chairman and Member)
• Audit Committee (Member)
• Risk Management Committee (Member)

Regulatory Compliance

The company has fulfilled its disclosure obligations under the listing regulations, providing comprehensive details as required by SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Mr. Basu confirmed that there are no material reasons for his resignation beyond those mentioned in his resignation letter.

Additional Disclosures

As part of the regulatory filing, the company disclosed that Mr. Basu does not hold directorships in any other listed entities. The resignation letter and all required documentation have been submitted to the exchange for record-keeping purposes.

The announcement was signed by Shivangi Tibrewala, Company Secretary and Compliance Officer of Chrome Silicon Limited, ensuring proper corporate governance procedures were followed throughout the resignation process.

Chrome Silicon Limited has announced its unaudited financial results for the quarter ended December 31, 2025, reporting a net loss of ₹213.06 lacs under Regulation 33 of SEBI (LODR) Regulations 2015. The company's Board of Directors approved these results during a meeting held on February 14, 2026, at the registered office.

Regulatory Compliance Update

The company has submitted its Limited Review Report to the Bombay Stock Exchange on February 21, 2026, acknowledging an inadvertent omission during the initial submission of Q3 FY26 financial results. The statutory auditors' Limited Review Report, which was approved alongside the financial results on February 14, 2026, was not attached with the original filing to the exchange.

Company Secretary and Compliance Officer Shivanand Tibrewala acknowledged the unintentional delay and requested the exchange to condone the oversight, emphasizing that the omission was purely inadvertent.

Financial Performance Overview

The company's financial performance for Q3 FY26 shows challenging results with suspended manufacturing operations. Total income from operations reached ₹534.07 lacs, comprising sales income of ₹54.49 lacs and other income of ₹479.58 lacs.

Manufacturing Operations Status

The company's manufacturing operations have remained suspended since May 30, 2025, due to significant fluctuations in the market. In response to this situation, the Board has constituted a Committee of Directors to evaluate the future course of action for the company's operations.

Audit Qualifications and Management Response

The statutory auditors PAVULURI & Co. have issued a qualified Limited Review Report highlighting several areas of concern. The auditors noted non-compliance with Ind AS 19 regarding employee benefits provisions, uncertainties over recoverability of interest-free loans and advances worth ₹6.93 crores, and absence of physical verification of inventories and property, plant and equipment.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, the company reported total income of ₹1,012.30 lacs against total expenses of ₹1,739.94 lacs, resulting in a net loss of ₹727.64 lacs. This represents an improvement compared to the net loss of ₹1,116.02 lacs for the corresponding period in the previous year.

The company's paid-up equity share capital remained unchanged at ₹1,639.50 lacs, with shares having a face value of ₹10 each.