Chrome Silicon Limited has announced a board meeting scheduled for February 14, 2026, to review and approve the company's unaudited financial results for the third quarter of fiscal year 2026. The meeting will be held at the company's registered office located at 6-2-913/914, 3rd Floor, Progressive Towers, Khairatabad, Hyderabad- 500004.

Meeting Details and Compliance

The board meeting has been convened in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The primary agenda involves consideration and approval of the unaudited financial statements for the quarter ended December 31, 2025.

Corporate Information

Chrome Silicon Limited, formerly known as VBC Ferro Alloys Ltd, operates under CIN L27101TG1981PLC003223. The company has communicated this board meeting schedule to The Bombay Stock Exchange Limited through an official letter dated January 5, 2026.

Regulatory Communication

The notification was signed by Shivangi Tibrewala, Company Secretary & Compliance Officer, and submitted to BSE with scrip code 513005. This communication ensures transparency and adherence to stock exchange listing requirements for timely disclosure of material information to investors and stakeholders.

Chrome Silicon Limited , formerly known as VBC Ferro Alloys Ltd, has announced its unaudited financial results for the quarter ended September 30, 2025, revealing a net loss of ₹514.58 lakh. The company, which has temporarily suspended its Ferro Alloys manufacturing operations since May 30, 2025, due to significant market fluctuations, continues to face financial challenges.

Financial Performance

The company's financial results for Q2 2025 paint a picture of ongoing difficulties:

Chrome Silicon Limited's total income for Q2 2025 stood at ₹451.79 lakh, a significant decrease from ₹1,137.62 lakh in the same period last year. The sharp decline in sales revenue, from ₹1,080.58 lakh in Q2 2024 to just ₹28.95 lakh in Q2 2025, reflects the impact of the suspended manufacturing operations.

Operational Challenges

The company has temporarily halted operations at its Ferro Alloys manufacturing facilities since May 30, 2025. Chrome Silicon Limited attributes this decision to significant fluctuations in the market, which have adversely affected demand for its products. Management has stated that they are closely monitoring market conditions and will take appropriate steps to resume operations when deemed suitable.

Auditor's Observations

The limited review report by the company's auditors, Pavuluri & Co., highlights several concerns:

1. Non-compliance with Ind AS 19 (Employee Benefits): The company has not made provisions for future gratuity and leave encashment payments as required.
2. Uncertainty over loan recoverability: There are material uncertainties regarding the recoverability of interest-free loans and advances amounting to ₹210.20 crore.
3. Inventory valuation issues: The company has not undertaken periodic physical verification of inventories or obtained technical/market evaluations.
4. Lack of balance confirmations: The company has not obtained balance confirmations for significant amounts of trade payables and other liabilities.
5. Inadequate asset verification: The management did not carry out the scheduled physical verification of Property, Plant and Equipment during the year.

Financial Position

As of September 30, 2025, Chrome Silicon Limited reported:

• Total Assets: ₹24,969.90 lakh
• Total Liabilities: ₹22,981.87 lakh
• Net Worth: ₹1,988.03 lakh

The company's balance sheet shows a decrease in property, plant and equipment from ₹12,258.40 lakh as of March 31, 2025, to ₹11,919.10 lakh as of September 30, 2025. However, there has been an increase in capital work-in-progress from ₹1,049.16 lakh to ₹1,704.41 lakh during the same period.

Looking Ahead

Chrome Silicon Limited faces significant challenges as it navigates through market uncertainties and operational suspensions. The company's ability to address the auditors' concerns, manage its financial position, and successfully resume operations will be crucial for its future performance. Stakeholders will be closely watching for any signs of market improvement that might allow the company to restart its manufacturing facilities and return to normal operations.