Delta Corp Limited has informed the Exchange regarding Outcome of Board Meeting held on March 10, 2026.
DELTACORP · price
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Delta Corp's Board of Directors met on March 10, 2026 and approved convening an Extra-ordinary General Meeting (EGM) on April 9, 2026 via video conferencing. Two items require shareholder approval: (1) modification to a ship building contract between DPCCPL (a wholly owned subsidiary) and WSPL (an associate company), and (2) a corporate guarantee by DPCCL (another wholly owned subsidiary) for a loan to be availed by WSPL. The detailed EGM notice will be shared separately. The board meeting lasted 45 minutes (5:30 PM to 6:15 PM).
Shareholders will be asked to vote on a related-party transaction involving a ship building contract modification and a corporate guarantee for an associate company. Investors should review the EGM notice carefully, as corporate guarantees and related-party deals can affect the company's financial exposure and risk profile.