Delta manufacturing Limited has completed the closure of its hard ferrite division at Ambad, Nashik, marking the end of operations at this facility. The company announced this development to stock exchanges on January 30, 2026, stating that the closure process has been completed in all aspects.

Regulatory Compliance and Timeline

The announcement was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in compliance with SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The company had previously disclosed information about this closure on December 23, 2025, indicating a structured timeline for the shutdown process.

Facility Details

Stock Exchange Communication

The company formally communicated this development to both major Indian stock exchanges. Company Secretary Madhuri Pawar, bearing ACS No. 54631, signed the disclosure document digitally on January 30, 2026. The communication was addressed to the National Stock Exchange of India Limited (Symbol: DELTAMAGNT) and BSE Limited (Scrip Code: 504286).

Corporate Governance

The disclosure demonstrates Delta Manufacturing Limited's commitment to maintaining transparency with stakeholders and adhering to regulatory requirements. The company ensured proper documentation and timely communication of material developments affecting its operations, in line with SEBI's listing obligations framework.

Delta Manufacturing Limited has announced the closure of its hard ferrite division located at Ambad, Nashik, following continuous operational losses. The Board of Directors approved this decision during their meeting held on December 23, 2025.

Financial Impact and Performance

The hard ferrite division's financial performance highlights the challenges that led to this closure decision. The division's key financial metrics demonstrate the extent of operational difficulties:

The division contributed 8.46% to the company's total turnover during the last financial year, generating revenue of ₹5.16 crores. However, the operational challenges resulted in substantial losses of ₹8.83 crores after tax in FY24-25, with the division's net worth standing at nil as of the end of the same period.

Reasons for Closure

The primary factors driving the closure decision center on technological and operational challenges. The division faced significant hurdles due to outdated technology and obsolete machinery, which contributed to the continuous losses. These technological limitations made it increasingly difficult for the division to maintain competitive operations and achieve profitability.

Closure Timeline and Process

The company has outlined a clear timeline for the closure process:

The closure is expected to be completed within a period of three months, spanning from January 2026 to March 2026. The company has indicated that no binding agreement has been entered for the sale of the division, and no specific mitigation steps have been outlined.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The Board meeting commenced at 4:00 p.m. and concluded at 5:00 p.m. on December 23, 2025, where directors considered and approved the closure decision. The company has notified both NSE and BSE about this development through official regulatory filings.

This strategic move represents Delta Manufacturing Limited's effort to streamline operations by discontinuing underperforming divisions that have been generating continuous losses due to technological obsolescence.