Shareholders meeting

/USSR VISAChrome 5 September 2026 BSE Limited National Stock Exchange of India 25 Floor P J Towers Limited Dalal Street, Exchange Plaza, Plot No. C/1, G Block Mumbai 400 001 Bandra — Kurla Complex, Bandra (E) Mumbai 400 051 BSE SCRIP CODE: 532721 NSE SYMBOL: VISACHROME Sub: Annual Report for the Financial Year 2025-26 and Notice of the 30 Annual General Meeting Ref: Intimation under Regulation 30 and 34 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Requlations, 2015 Dear Sir/ Madam, Pursuant to the provisions of Regulation 30, 34 and such other regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith, the Annual Report for the Financial Year 2025-26 and Notice convening the 30" Annual General Meeting of the members of VISA Chrome Limited (formerly known as VISA Steel Limited) (“the Company”), to be held on Tuesday, 29 September, 2026 at 1200 Hours through Video Conference (VC) / Other Audio-Visual Means (“OAVM”) in conformity with the regulatory provisions and Circulars issued by the Ministry of Corporate Affairs, Government of India and Securities and Exchange Board of India. This Annual Report and Notice are also available on the website of the Company at www.visachrome.com. This is for your information and records. Thanking you, For VISA Chrome Limited (formerly known as VISA Steel Limited) AMISHA Digitally signed by AMISHA ‘CHATURVEDI KHANNA CHATURVEDI Date: 2026.09.05 16:02:55 KHANNA +0530" Amisha Chaturvedi Khanna Company Secretary & Compliance Officer FCS 11034 VISA Chrome Limited {Formerly known os VISA Steel Limited) (CIN:L511090R1996PLCO04601) Registered Office: VISA House, 11 Ekamra Kanan, Nayapalli, Bhubaneswar 751015, Odisha, India Plant Office: Kalinganagar Industrial Complex, At/Post: Jakhapura 755026, District: Jajpur, Odisha, India Tel: +91 674 350 2392 Email: cs@visachrome.com Website: www.visachrome.com ANNUAL REPORT 2025-26 VISION Create long term stakeholder value through value addition of natural resources CORE VALUES CONTENTS COMPANY OVERVIEW FINANCIAL STATEMENTS Chairman’s Insight 02 Standalone 50 TRANSPARENCY AGILITY ATTITUDE Vice Chairman & MD’s Message 03 Consolidated 102 We are transparent in our We are flexible and adapt We demonstrate ownership Board of Directors 04 profession and operate with quickly to the changing market in our mindset with Corporate Social Responsibility 06 integrity to earn the trust of all with speed in execution positive attitude to create our stakeholders sustainable value STATUTORY REPORTS Report of the Directors 08 Management Discussion and Analysis 25 TEAM WORK EXCELLENCE GOVERNANCE Corporate Governance Report 28 We work together as a team to We are committed to delivering We are committed to best benefit from our complementary excellence and quality products standards of safety, environment, LISTING strengths with continuous improvement corporate social responsibility and corporate governance Your Company has been listed on National Stock Exchange of India Limited and BSE Limited FORWARD-LOOKING STATEMENTS In this Annual Report, we have disclosed forward-looking information to enable investors to comprehend our prospects and take investment decisions. This report and other statements, both written and oral, that we periodically make contain forward-looking statements that set out anticipated results based on the management’s plans and assumptions. We have tried wherever possible to identify such statements by using words such as ‘anticipate’, ‘estimate’, ‘expects’, ‘projects’, ‘intends’, ‘plans’, ‘believes’ and words of similar substance in connection with any discussion of future performance. We cannot guarantee that these forward-looking statements will be realised, although we believe we have been prudent in our assumptions. The achievements of results are subject to risks, uncertainties and even inaccurate assumptions. Should known or unknown risks or uncertainties materialise, or should underlying assumptions prove inaccurate, actual results could vary materially from those anticipated, estimated or projected. Readers should keep this in mind. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. VISA CHROME LIMITED Company Overview | Chairman’s Insight | Vice Chairman & MD’s Message (formerly known as VISA Steel Limited) CHAIRMAN’S INSIGHT VICE CHAIRMAN & MD’S MESSAGE The Government’s reform initiatives In line with our core philosophy, Health, to boost the manufacturing sector Safety and Environment continues to be is expected to increase demand for one of our key priorities. As a responsible materials including Ferro Alloys. However, corporate, the Company is focused the key risks going forward include geo- on the happiness of people living in political tensions between US–Iran and its neighbouring communities. Your Russia–Ukraine, impact of US tariffs on Company’s CSR team continues to direct the global economy." its community development work in the areas of education, healthcare, rural development, sports & culture." Dear Shareholders, Dear Shareholders, For the year ended 31 March 2026, your Company’s consolidated Your Company is committed to its vision to create long term Your Company has set up manufacturing facilities in Odisha HUMAN RESOURCE Revenue from operations was at H 561.62 Crores in FY 2025-26 stakeholder value through value addition of natural resources, for production of Ferro Alloys. The operations of the Company compared to H 566.21 Crores in FY 2024-25, and operating profit reducing cost and keeping the Plant operational. Your Company recognizes Human Resource as its most important continued as a going concern inspite of non-availability of working was H 20.06 Crore in FY 2025-26 compared to H 32.22 Crore in asset and is constantly engaged in developing its employees capital for operations and other external factors beyond the control FY 2024-25. OUTLOOK of the Company and its management. through various training programmes. We improve our team building through various employee engagement activities. Due to non-availability of working capital, the operations of your The Government’s reform initiatives to boost the manufacturing Company continued under conversion arrangement. sector is expected to increase demand for materials including Ferro OPERATIONS Alloys. However, the key risks going forward include geo-political CORPORATE SOCIAL RESPONSIBILITY THE INDUSTRY tensions between US–Iran and Russia–Ukraine, impact of US The operations of Ferro Chrome Plant continued under conversion In line with our core philosophy, Health, Safety and Environment tariffs on the global economy, slowdown in the Chinese economy arrangement with support of related parties and other operational The global High Carbon Ferro Chrome production reduced from continues to be one of our key priorities. As a responsible corporate, and volatility in oil prices, ocean freights and exchange rates. creditors, without which Plant operations as a going concern would approx. 17.59 million tonnes in 2024 to approx. 15.94 million tonnes the Company is focused on the happiness of people living in its be impossible causing a risk of Plant closure and agitation and other in 2025, out of which India’s Ferro Chrome production stood at I would like to place on record my sincere appreciation and neighbouring communities. Your Company’s CSR team continues law and order problems. approx. 1.21 million tonnes. India exported approx. 38% of its gratitude to the entire team of VISA Chrome Limited (formerly to direct its community development work in the areas of education, Ferro Chrome production, primarily to China and South Korea. known as VISA Steel Limited) for its relentless commitment healthcare, rural development, sports & culture. I would like to inspite of the chal [Showing first 8,000 characters — download PDF for full document]