Delta Manufacturing to Close Hard Ferrite Division by March 2026 Due to Losses
Delta Manufacturing Limited will close its Hard ferrite division by March 2026. The division reported a turnover of ₹5.16 Crore and a loss of ₹8.83 Crore in FY 24-25 due to outdated technology. The company anticipates no material impact from this closure.
The company explicitly states that the closure will have 'No Material Impact' on its overall operations.
The company is closing a division due to continuous losses and outdated technology, which is a negative development.
Delta Manufacturing Limited has announced the closure of its Hard ferrite division located at Ambad, Nashik. The decision was approved by the Board of Directors during a meeting held on Tuesday, 23rd December 2025.
The division generated a turnover of ₹5.16 Crore, contributing 8.46% to the company's total turnover in the last financial year. Its net worth was Nil as of the end of the same period. The closure is attributed to outdated technology and obsolete machinery, which have resulted in continuous losses, including a loss after tax of ₹8.83 Crore in the last financial year (FY 24-25).
The closure is expected to be completed within a period of three months, from January 2026 to March 2026. The company has stated that this closure will have no material impact on its overall operations. The Board meeting commenced at 04:00 p.m. and concluded at 05:00 p.m.
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Delta Manufacturing Limited filed this with the NSE as a statutory disclosure, categorised under restructuring. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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