Delta Manufacturing Limited has scheduled its 44th Annual General Meeting (AGM) for Wednesday, September 30, 2026. The meeting will commence at 3:30 pm via Video Conference or Other Audio-Visual Means (VC/OAVM).

The company confirmed that the Annual Report for FY26 is available online. Pursuant to Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the firm has physically dispatched letters containing web-links to members who have not registered their email addresses with the company, depositories, or the Registrar & Share Transfer Agent (RTA).

Meeting Details

Shareholders holding shares in physical mode are requested to update their email addresses by writing to the RTA. Members with dematerialized shares should register or update their contact details with their respective Depositories (DPs). The Register of Members and Share Transfer Books will remain closed from Thursday, September 24, 2026, to Wednesday, September 30, 2026, both days inclusive.

Ordinary Business

The ordinary business items include receiving, considering, and adopting the Audited Standalone and Consolidated Financial Statements for FY26. Additionally, shareholders will vote on the re-appointment of Mr. Jaydev Mody (DIN: 00234797), who retires by rotation and is eligible for re-appointment.

Special Business

Director Continuation After Age 75

A special resolution seeks approval for the continuation of Mr. Aurobind Patel (DIN: 00016628) as Non-Executive, Independent Director after he attains the age of 75 years on January 7, 2027, pursuant to Regulation 17(1A) of the SEBI Listing Regulations.

Related Party Transactions

Shareholders will approve material related party transactions with two entities:

1. MMG Ferrites Private Limited (MFPL): Approval for transactions including sale of goods, services, electricity reimbursement, and Inter-Corporate Deposits (ICD) up to ₹6 crore at 10.45% p.a. MFPL is a joint venture of the company.
2. Myra Mall Management Company Private Limited (MMMCPL): Approval for availing ICD up to ₹30 crore at 8.15% p.a. from MMMCPL, an entity controlled by the promoter/director. This transaction is intended for working capital and capex investments.

Revision in Remuneration of Managing Director

A special resolution proposes a revision in the remuneration of Dr. Ram H. Shroff (DIN: 00004865), Managing Director and Executive Vice Chairman, effective April 1, 2026. The total remuneration shall not exceed ₹1.7 crore per annum. This revision is sought despite the company reporting a net loss of ₹914.10 lakh in FY26, governed by Section 197 read with Schedule V of the Companies Act, 2013.

Delta Manufacturing Limited received a formal request on August 5, 2026, from Chand Vishnudatt Arora seeking reclassification from the ‘Promoter and Promoter Group’ category to the ‘Public’ category. This move follows Arora’s complete exit from shareholding and management roles within the company, potentially altering the corporate governance structure disclosed in future filings.

The intimation was issued pursuant to Regulation 30 read with Regulation 31A(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. According to the filing, Arora submitted his application on August 4, 2026, citing his lack of involvement in the company’s operations. The company confirmed that as of August 5, 2026, Arora does not hold any equity shares in Delta Manufacturing Limited.

Reclassification Criteria

Arora’s application outlines several conditions supporting his request for reclassification under Regulation 31A of the SEBI LODR Regulations:

Arora further declared that he is not a wilful defaulter as per Reserve Bank of India guidelines, nor is he a fugitive economic offender. He confirmed there are no pending regulatory actions against him.

Compliance Undertakings

The application includes specific undertakings regarding post-reclassification compliance. Arora agreed to comply with sub-clauses (i), (ii), and (iii) of clause (b) of Regulation 31A(3) at all times from the date of reclassification. Failure to do so would result in his reclassification back into the promoter group.

Additionally, he committed to complying with sub-clauses (iv) and (v) of the same regulation for a period of not less than three years from the date of reclassification. Breach of these conditions would also trigger a return to the promoter group classification.

Next Steps

The Board of Directors of Delta Manufacturing Limited will consider and analyze the application at its ensuing meeting. If the Board approves the reclassification, it will seek no-objection certificates from the stock exchanges before finalizing the change. A copy of the request letter was attached to the exchange filing as Annexure A.