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Delta Manufacturing Calls EGM for March 25 to Approve RPTs with MMG Ferrites JV
Delta Manufacturing Limited has convened an Extraordinary General Meeting (EGM) on March 25, 2026, to obtain shareholder consent for material related party transactions with its joint venture, MMG Ferrites Private Limited. Key proposals include the sale of goods valued at ₹1.50 crore and electricity expense reimbursements of ₹3.00 crore for a six-month period. The company also intends to extend an Inter Corporate Deposit of ₹1.00 crore and has established a long-term rental income schedule through 2029.
Key Highlights
EGM scheduled for March 25, 2026, to approve transactions with joint venture MMG Ferrites.
Proposed sale of goods worth ₹1.50 crore and services worth ₹2 lakh for a six-month period.
Significant electricity expense reimbursement estimated at ₹3.00 crore for the same period.
Provision for an Inter Corporate Deposit (ICD) of ₹1.00 crore to the related party.
Rental income agreement with tiered increases, reaching ₹7.16 lakh per month by 2029.
💼 Action for Investors
Shareholders should monitor the terms of the ₹1 crore Inter Corporate Deposit and the recovery of electricity reimbursements to ensure they are conducted on a strictly arm's-length basis.
Delta Manufacturing Q3 FY26: Revenue Grows to ₹15.93 Cr, Net Loss Narrows to ₹4.35 Cr
Delta Manufacturing reported a standalone revenue of ₹15.93 crore for the quarter ended December 31, 2025, representing a 6.2% year-on-year growth. Despite the revenue increase, the company remains loss-making with a total net loss of ₹4.35 crore for the quarter, largely attributed to a ₹3.83 crore loss from discontinued operations (Hard and Soft ferrite business). For the nine-month period, the net loss narrowed to ₹7.44 crore from ₹11.36 crore in the previous year. Additionally, the board has scheduled an EGM for March 25, 2026, to approve material related party transactions.
Key Highlights
Revenue from continuing operations rose to ₹1,593.23 lakhs from ₹1,499.72 lakhs in the same quarter last year.
Total net loss for Q3 FY26 stood at ₹434.84 lakhs, narrowing from a loss of ₹581.74 lakhs in Q3 FY25.
Discontinued operations (Hard and Soft ferrite) contributed a loss of ₹382.72 lakhs during the quarter.
Nine-month revenue reached ₹4,338.23 lakhs compared to ₹4,024.87 lakhs in the previous year.
Extra-ordinary General Meeting (EGM) convened for March 25, 2026, to seek approval for material related party transactions.
💼 Action for Investors
Investors should exercise caution as the company continues to report losses and is in the process of exiting discontinued segments. It is critical to monitor the upcoming EGM notice for details regarding the material related party transactions.
Delta Manufacturing Q3 FY26 Results: Revenue Up 6% YoY, Net Loss at INR 4.40 Crore
Delta Manufacturing reported a standalone revenue of INR 15.93 crore for Q3 FY26, marking a 6.2% increase year-on-year. However, the company posted a total net loss of INR 4.40 crore, largely due to a loss of INR 3.83 crore from its discontinued ferrite business. Profitability from continuing operations also declined, shifting from a profit of INR 91.21 lakhs last year to a loss of INR 52.12 lakhs this quarter. Additionally, an EGM is scheduled for March 25, 2026, to approve material related party transactions.
Key Highlights
Standalone revenue from operations increased to INR 1,593.23 lakhs from INR 1,499.72 lakhs YoY.
Total net loss for the quarter narrowed to INR 439.84 lakhs compared to INR 581.74 lakhs in the previous year's quarter.
Discontinued operations (Hard and Soft ferrite) contributed a loss of INR 382.72 lakhs.
Continuing operations recorded a loss of INR 52.12 lakhs, down from a profit of INR 91.21 lakhs YoY.
Board approved an EGM on March 25, 2026, for material related party transaction approvals.
💼 Action for Investors
Investors should remain cautious as the company continues to report net losses and faces declining profitability in its continuing operations. Monitor the upcoming EGM for details on related party transactions, which could impact future corporate governance and cash flows.
Delta Manufacturing to Close Loss-Making Hard Ferrite Division; Unit Incurred ₹8.83 Cr Loss
Delta Manufacturing Limited has announced the closure of its Hard Ferrite Division located in Ambad, Nashik, due to outdated technology and obsolete machinery. In FY 2024-25, the division contributed ₹5.16 Crore (8.46%) to the company's total turnover but incurred a significant loss after tax of ₹8.83 Crore. The closure process is expected to be completed between January 2026 and March 2026. This move is expected to stop the financial drain caused by this unit, potentially improving the company's overall profitability.
Key Highlights
Hard Ferrite Division contributed ₹5.16 Crore or 8.46% of total turnover in FY 24-25
The division incurred a Loss After Tax of ₹8.83 Crore in the last financial year, exceeding its revenue
Closure is attributed to outdated technology and obsolete machinery resulting in continuous losses
The winding-down process is scheduled for completion by March 2026
The net worth of the division was reported as Nil as of the end of the last financial year
💼 Action for Investors
Investors should view this as a positive restructuring move to eliminate a loss-making segment that was dragging down the bottom line. Monitor for any one-time restructuring costs in the upcoming quarters and subsequent margin improvements.
Delta Manufacturing to Close Loss-Making Hard Ferrite Division; Unit Reported ₹8.83 Cr Loss
Delta Manufacturing has decided to shut down its Hard Ferrite division in Nashik by March 2026 due to outdated technology and obsolete machinery. While the division contributed 8.46% (₹5.16 Crore) to the total turnover, it incurred a significant loss of ₹8.83 Crores in FY 24-25. The unit currently has a nil net worth, making the closure a strategic move to stem financial losses. The process is expected to be completed within the first quarter of 2026.
Key Highlights
Hard Ferrite division contributed ₹5.16 Crore (8.46%) to total turnover in FY 24-25.
The division incurred a net loss of ₹8.83 Crores, which is significantly higher than its total revenue.
Closure is scheduled to be completed between January 2026 and March 2026.
The division's net worth was reported as Nil as of the end of the last financial year.
💼 Action for Investors
This is a positive development as it eliminates a segment that was draining company resources and reporting losses higher than its revenue. Investors should look for improved margins in upcoming quarters following the completion of the closure.