Delta Corp Limited has received an unfavorable ruling from the Bombay High Court regarding its petition to obtain gaming licenses for its Deltin Hotel property. The company disclosed this development to stock exchanges on April 30, 2026, pursuant to Regulation 30 of SEBI Listing Regulations.

Court Dismisses Gaming License Petition

The Bombay High Court dismissed Writ Petition No. 317 of 2019 through an order dated April 29, 2026. This petition sought directions for granting a license under Section 13A of the Goa, Daman and Diu Public Gambling Act, 1976, specifically to install games of electronic amusement and slot machines at the Deltin Hotel.

Legal Framework and Background

The petition was filed under Section 13A of the Goa, Daman and Diu Public Gambling Act, 1976, which governs gaming and gambling activities in the region. Delta Corp had sought judicial intervention to compel authorities to grant the necessary license for operating electronic gaming equipment at its hotel property.

Company's Response and Next Steps

Following the court's decision, Delta Corp stated that it is evaluating its legal options in response to the dismissal. The company has not specified what particular legal remedies it might pursue, but this suggests potential consideration of appellate proceedings or alternative legal strategies.

Regulatory Compliance

This disclosure was made in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which requires listed companies to inform stock exchanges about material developments. The company referenced its earlier disclosure dated December 13, 2018, indicating this has been an ongoing legal matter for several years.

The development represents a setback for Delta Corp's expansion plans for gaming operations at the Deltin Hotel, though the company's evaluation of legal options suggests the matter may not be concluded definitively.

Delta Corp has announced the successful completion of a strategic acquisition through its wholly owned subsidiary. Marvel Resorts Private Limited has finalized the purchase of majority stakes in two companies, marking a significant expansion of the group's business operations.

Acquisition Details

The acquisition encompasses 74% equity shares in two distinct companies, completed on April 30, 2026. This transaction represents a substantial investment in the parking solutions and infrastructure sectors.

Regulatory Compliance

The completion follows the company's earlier disclosure dated April 21, 2026, made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The announcement also references SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, ensuring full regulatory compliance.

The official communication was signed by Dilip Vaidya, Company Secretary & Vice President - Secretarial, and submitted to both NSE and BSE on April 30, 2026.

Strategic Expansion

Through this acquisition, Marvel Resorts Private Limited has secured controlling interests in:

• Easymile Parking Solutions & Management Private Limited: A company focused on parking solutions and management services
• Shanta Infratech Private Limited: An infrastructure-focused entity

The 74% equity stake in both companies provides Marvel Resorts with significant operational control and strategic influence over these businesses. This move diversifies Delta Corp's portfolio beyond its traditional gaming and hospitality sectors into parking management and infrastructure development.

Corporate Structure

Marvel Resorts Private Limited operates as a wholly owned subsidiary of Delta Corp Limited, meaning this acquisition indirectly expands Delta Corp's business footprint. The completion of this transaction strengthens the group's presence in the infrastructure and parking management sectors, potentially creating new revenue streams and operational synergies.

Delta Corp Limited is headquartered at Delta House, Plot No. 12, Hornby Vellard Estate, Dr. Annie Besant Road, Worli, Mumbai, with CIN: L65493MH1990PLC436790.