Delta corp has announced that its Board of Directors approved the convening of an Extraordinary General Meeting during their meeting held on March 10, 2026. The EGM is scheduled for April 9, 2026, and will be conducted through Video Conferencing and Other Audio Visual Means to facilitate shareholder participation.

Meeting Details and Timeline

The board meeting was efficiently conducted within a 45-minute timeframe, providing shareholders with clear information about the upcoming proceedings.

Key Agenda Items for Shareholder Approval

The EGM will address two significant corporate matters requiring shareholder consent. Both items involve the company's subsidiary and associate company relationships, reflecting Delta Corp's strategic business operations.

Ship Building Contract Modification

The first agenda item involves modification to an existing ship building contract between DPCCPL, a wholly owned subsidiary of Delta Corp, and WSPL, which serves as an associate company of both DPCCPL and Delta Corp. This modification represents an important operational adjustment in the company's maritime business activities.

Corporate Guarantee Authorization

The second matter seeks approval for a corporate guarantee to be provided by DPCCCL, another wholly owned subsidiary of Delta Corp. This guarantee relates to a loan that WSPL, the associate company, proposes to avail. The corporate guarantee structure demonstrates the interconnected financial support within the Delta Corp group of companies.

Regulatory Compliance and Documentation

The announcement was made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations 2015. Delta Corp has indicated that a detailed notice convening the EGM will be shared separately with stakeholders, ensuring full transparency and compliance with regulatory requirements.

The company maintains its registered and corporate office at Delta House, Plot No. 12, Hornby Vellard Estate, Dr. Annie Besant Road, Worli, Mumbai, with Company Secretary Dilip Vaidya overseeing the secretarial functions and regulatory communications.

Delta Corp has filed an application with the National Company Law Tribunal (NCLT) seeking approval for a major corporate restructuring that would split its business operations into two separate companies.

Proposed Business Separation Structure

The restructuring plan involves dividing Delta Corp's current operations into two distinct entities:

This separation would allow each business segment to operate independently, potentially enabling more focused management strategies and clearer operational frameworks for each vertical.

NCLT Approval Process

The company has formally submitted its application to the NCLT, which is the statutory body responsible for approving corporate restructuring and business reorganization matters in India. The tribunal will review the proposed split to ensure it complies with regulatory requirements and serves the interests of all stakeholders.

Strategic Implications

The proposed business separation represents a significant strategic move for Delta Corp, as it would create two specialized entities:

• Gaming-focused entity: Would concentrate exclusively on gaming operations and related activities
• Hospitality and real estate entity: Would handle hotel operations, real estate development, and related hospitality services

This restructuring approach could potentially allow each entity to pursue more targeted growth strategies and operational efficiencies within their respective domains.

Next Steps

The approval process will now proceed through the NCLT's standard review procedures. The tribunal will evaluate the restructuring proposal, consider stakeholder interests, and determine whether to grant the necessary approvals for the business split to proceed.