Visa Steel Limited — Board Meeting, 14-08-2025: Outcome of Board Meeting

VISASTEEL announced a board meeting on August 14, 2025, where it approved consolidated financial results for the quarter ended June 30, 2025. While reporting Rs. 170.98 Cr revenue and Rs. 4.32 Cr net profit (EPS Rs. 0.37), auditors qualified them. Rs. 39.93 Cr in Q1 interest expenses on NPA debt was unrecorded; if included, profit becomes a Rs. 35.61 Cr loss (EPS Rs. -3.08). The 29th AGM is set for Sep 24, 2025. Ongoing debt restructuring talks with ACRE, a State Pollution Control Board refusal to renew operating consent, and significant going concern doubts pose major challenges.