Delta Corp Publishes EGM Notice in Newspapers Following Board Approval for April 9, 2026
Delta Corp has published regulatory-compliant newspaper notices in Financial Express and Loksatta on March 17, 2026, regarding its Extraordinary General Meeting scheduled for April 9, 2026. The EGM will address ship building contract modifications worth Rs. 400.00 crore and corporate guarantee authorization of Rs. 2.25 crore involving subsidiary companies.
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Delta Corp has published newspaper advertisements on March 17, 2026, in Financial Express (English) and Loksatta (Marathi) regarding its Extraordinary General Meeting scheduled for April 9, 2026, at 3:00 PM IST. The company's board of directors, during their meeting held on March 10, 2026, had approved the convening of this EGM to seek shareholder approval for significant related party transactions involving its subsidiary companies.
Regulatory Compliance and Publication Details
The newspaper publication was made in compliance with Regulation 30 and Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was signed by Dilip Vaidya, Company Secretary & Vice President - Secretarial (FCS NO.7750), and digitally signed on March 17, 2026, at 12:15:40 +05'30'.
| Publication Details: | Information |
|---|---|
| Publication Date: | March 17, 2026 |
| English Newspaper: | Financial Express |
| Marathi Newspaper: | Loksatta |
| Signatory: | Dilip Vaidya (FCS NO.7750) |
| Digital Signature Time: | 12:15:40 +05'30' |
Meeting Schedule and Format
The EGM will be conducted entirely through digital means via Video Conferencing and Other Audio Visual Means, allowing shareholders to participate remotely. The company has set specific timelines for the e-voting process and shareholder participation.
| Meeting Details: | Information |
|---|---|
| Board Meeting Date: | March 10, 2026 |
| EGM Date: | April 9, 2026 |
| EGM Time: | 3:00 PM IST |
| Format: | Video Conferencing/Other Audio Visual Means |
| Cut-off Date: | April 2, 2026 |
| Remote E-voting Period: | April 5-8, 2026 |
Key Agenda Items for Shareholder Approval
The EGM will address two critical corporate matters involving Delta Pleasure Cruise Company Private Limited (DPCCPL), a wholly owned subsidiary, and Waterways Shipyard Private Limited (WSPL), an associate company.
Ship Building Contract Modification
The first resolution seeks approval for modifying an existing ship building contract between DPCCPL and WSPL. The original contract, entered into in June 2021, requires enhancement due to cost escalations and additional requirements.
| Contract Details: | Original Value | Revised Value |
|---|---|---|
| Ship Building Contract: | Rs. 320.00 crore plus taxes | Up to Rs. 400.00 crore plus taxes |
| Increase Amount: | Rs. 80.00 crore plus taxes | |
| Completion Timeline: | Expected in FY 2026-27 |
Corporate Guarantee Authorization
The second agenda item involves authorization for DPCCPL to provide a corporate guarantee for WSPL's proposed loan facility.
| Guarantee Structure: | Details |
|---|---|
| Loan Amount: | Up to Rs. 5.00 crore |
| Guarantee Coverage: | 45% of loan amount |
| Guarantee Value: | Up to Rs. 2.25 crore |
| Commission Rate: | 0.75% per annum plus taxes |
| DPCCPL Shareholding in WSPL: | 45% |
Shareholder Participation Guidelines
Members wishing to express views or ask questions during the EGM must register as speakers by sending requests along with questions from their registered email IDs, mentioning their name, DP ID and Client ID/Folio No., PAN, and Mobile No. to secretarial@deltin.com on or before Monday, March 23, 2026. The company reserves the right to restrict the number of speakers depending on time availability for the EGM.
Historical Stock Returns for Delta Corp
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.66% | +3.47% | +50.66% | +32.14% | +1.41% | 0.0% |
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