VISA Steel
45.64
-2.04(-4.28%)
Market Cap₹590.08 Cr
PE Ratio-1.35
Company Performance:
1D-4.28%
1M+41.92%
6M-26.28%
1Y+38.72%
5Y+349.66%
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More news about VISA Steel
28Mar 26
VISA Steel Limited Shareholders Approve Company Name Change Through Postal Ballot
VISA Steel Limited successfully completed its postal ballot process for company name change approval, receiving overwhelming shareholder support with 99.99% votes in favor. The special resolution was passed with participation from 60 shareholders representing 84,834,197 shares or 73.27% of outstanding equity. The voting process was conducted entirely through remote e-voting from February 24 to March 25, 2026, with KFin Technologies Limited as the authorized agency and Debendra Raut as scrutinizer.
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04Feb 26
VISA Steel Approves Q3FY26 Results and Proposes Name Change to VISA Chrome Limited
VISA Steel Limited concluded its board meeting on February 4, 2026, approving Q3FY26 unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The board also approved a significant corporate name change from 'VISA Steel Limited' to 'VISA Chrome Limited', requiring Ministry of Corporate Affairs approval and shareholder consent through postal ballot process.
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26Dec 25
VISA Industries Boosts Stake to 57.60% Through Rs. 40.50 Crore Warrant Conversion
VISA Industries Limited has strengthened its position in VISA Steel by converting 1.35 crore warrants into equity shares for Rs. 40.50 crore, increasing its shareholding from 52.66% to 57.60%. The transaction expanded VISA Steel's paid-up capital from Rs. 115.79 crore to Rs. 129.29 crore, with 3.65 crore warrants still available for future conversion within the 18-month period.
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14Nov 25
VISA Steel Reports Rs 202.22 Million Loss in Q2 FY2025, Resumes Operations After Environmental Clearance
VISA Steel Limited, a ferro alloys manufacturer, reported a net loss of Rs 202.22 million for Q2 FY2025, with revenue from operations at Rs 758.52 million. The company resumed operations on September 6, 2025, after receiving Consent to Operate from Odisha State Pollution Control Board. VISA Steel is in discussions with ACRE for debt restructuring and has approved raising Rs 2,000 million through preferential warrant issue. Auditors raised concerns about non-recognition of interest expenses and the company's ability to continue as a going concern.
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06Sept 25
VISA Steel Secures Operational Consent from Odisha Pollution Control Board
VISA Steel Ltd has obtained the Consent to Operate from the State Pollution Control Board, Odisha on September 6. This crucial regulatory approval allows the company to continue its operations at its Kalinganagar Industrial Complex plant while complying with environmental standards. The company disclosed this information to the stock exchanges in line with SEBI regulations.
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16Aug 25
VISA Steel Reports Strong Q1 Performance with 27.3% Revenue Growth and Return to Profitability
VISA Steel Limited reported strong Q1 results with total income from operations at ₹1,718.51 crore, up 27.3% year-on-year. The company posted a net profit of ₹43.22 crore, compared to a loss of ₹69.14 crore in the same period last year. Profit before tax improved to ₹5.22 crore from a loss of ₹69.14 crore. Despite operational improvements, the company's balance sheet shows accumulated losses with negative other equity of ₹14,766.18 crore.
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11Jul 25
Visa Steel Faces Operational Challenges as Odisha Pollution Control Board Refuses to Renew Consent
Visa Steel received a notice from the Odisha State Pollution Control Board (SPCB) refusing to renew its Consent to Operate. The company has disclosed this information to stock exchanges and is preparing a response and action plan in consultation with its legal team and consultants. Visa Steel claims to have been continuously improving its pollution control and environment management systems. The refusal could potentially disrupt operations, impact finances, and lead to increased regulatory scrutiny. The company is working on addressing the SPCB's concerns to secure the necessary operating consent.
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VISA Steel
45.64
-2.04
(-4.28%)
1 Year Returns:+38.72%
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