Visa Steel Limited — Board Meeting, 14-11-2024: Outcome of Board Meeting

The Board of Directors of VISA Steel has approved the financial results for the quarter and half-year ended 30 September 2024. The performance showed a significant net loss of ₹41.57 crore for the quarter and ₹110.71 crore for the half-year. Revenue from operations stood at ₹1506.24 crore for the quarter, with total expenses of ₹1625.22 crore. Additionally, the board opted not to proceed with a proposed issuance. The company continues to navigate financial difficulties, including significant unrecognized interest expenses totaling ₹1244.76 crore, which has impacted its net worth.