Visa Steel Limited — Board Meeting, 12-02-2025: Outcome of Board Meeting

The Board of Directors of VISA Steel has approved the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024. For the quarter, the total income reported is ₹119.07 crore, with a net loss after tax of ₹17.28 crore. The company's finance costs amounted to ₹7.88 crore, significantly impacting overall profitability. Accumulated interest not recognized is ₹1,284.72 crore, reflecting financial distress. The management continues to assess the going concern basis, amid ongoing debt restructuring efforts and external challenges hindering working capital availability.