VISA Chrome Limited has informed the Exchange about General Updates
Company changed name to VISA Chrome. Raised funds via equity warrants, converting 3 Cr warrants for ₹140 Cr to repay debt. Revenue was ₹561.62 Cr, operating profit ₹20.06 Cr for FY26.
VISA Chrome utilized ₹140 Cr of ₹200 Cr preferential issue proceeds. ₹90 Cr went to debt repayment, with ₹50 Cr still unutilized for general corporate purposes. No deviation from stated objects.
Board meeting approved quarterly financial results. Director re-designations and re-appointments confirmed. Company faces going concern uncertainty due to working capital issues.
The company has approved audited financial results. Exceptional items include a significant write-back of Rs. 1,082.20 Cr related to loan restructuring, impacting the net profit. Cost and internal auditors were reappointed for FY27.
