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Incorporated in 1982, Delta Manufacturing Ltd manufactures hard ferrites, soft ferrites, textile woven labels, fabric printed labels and elastic / woven tape
Delta Manufacturing Limited has informed the Exchange regarding 'Intimation pursuant Regulation 36(1)(b) of Listing Regulations'.
Delta Manufacturing received a request from Mr. Chand Arora to reclassify from the 'Promoter Group' to 'Public' category. He holds no shares and is not involved in management. The Board will review this change, which could impact the company's shareholding structure.
Delta Manufacturing has completed the closure of its hard ferrite division in Nashik. This marks a full operational shutdown for the unit, signaling a strategic business adjustment.
Delta Manufacturing is closing its hard ferrite division due to outdated technology and continuous losses, including an ₹ 8.83 Cr loss last FY. The division contributed ₹ 5.16 Cr (8.46%) to turnover. No material impact is expected from the closure.
Delta Manufacturing Limited has announced its upcoming 43rd Annual General Meeting. The Annual Report for FY2024-25 is now available online for members.