Chrome Silicon Limited Submits Missing Limited Review Report for Q3 FY26 Results
Chrome Silicon Limited corrected a regulatory filing by submitting the previously omitted Limited Review Report for Q3 FY26 to BSE. The company reported a net loss of ₹213.06 lacs for the quarter with manufacturing operations suspended since May 2025 due to market fluctuations.
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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.
| Submission Details: | Information |
|---|---|
| Original Results Submission: | February 14, 2026 |
| Missing Document: | Limited Review Report |
| Corrective Submission: | February 21, 2026 |
| Exchange: | Bombay Stock Exchange |
| Scrip Code: | 513005 |
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.
| Financial Metrics: | Q3 FY26 (₹ Lacs) | Q2 FY26 (₹ Lacs) | Q3 FY25 (₹ Lacs) |
|---|---|---|---|
| Sales/Income from Operations: | 54.49 | 28.95 | 2,246.33 |
| Other Income: | 479.58 | 422.84 | 108.75 |
| Total Income: | 534.07 | 451.79 | 2,355.08 |
| Total Expenses: | 747.13 | 751.87 | 2,598.67 |
| Net Loss: | (213.06) | (300.08) | (243.59) |
| Earnings Per Share: | (1.30) | (1.83) | (1.49) |
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.
| Committee Structure: | Details |
|---|---|
| Chairman: | Mr. Hirak Kumar Basu (Independent Director) |
| Member 1: | Mr. P. Raju (Independent Director) |
| Member 2: | Mr. P.V. Rao (Whole-Time Director) |
| Mandate: | Examine feasibility and opportunities for recommencing manufacturing |
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.
| Audit Concerns: | Management Response |
|---|---|
| Employee Benefits Provision: | Company maintains adequate provisions without actuarial valuation |
| Loans & Advances Recovery: | Continuous follow-up with parties, confident of collection |
| Inventory Verification: | System in place for periodic physical verification |
| Balance Confirmations: | Company sends balance confirmation requests |
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.
| Nine-Month Metrics: | FY26 (₹ Lacs) | FY25 (₹ Lacs) |
|---|---|---|
| Total Income: | 1,012.30 | 7,117.68 |
| Total Expenses: | 1,739.94 | 8,233.70 |
| Net Loss: | (727.64) | (1,116.02) |
| Earnings Per Share: | (4.44) | (6.81) |
The company's paid-up equity share capital remained unchanged at ₹1,639.50 lacs, with shares having a face value of ₹10 each.
Historical Stock Returns for Chrome Silicon
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.92% | -1.16% | +0.62% | -12.93% | +2.46% | +226.02% |
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