Delta Corp Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on April 09, 2026
DELTACORP · price
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Delta Corp Limited held an Extraordinary General Meeting on April 9, 2026 via video conferencing. The meeting was chaired by Mr. Jaydev Mody and concluded at 4:04 PM with the required quorum present. Two special business items were deliberated: (1) modification to an existing related party transaction between Delta Pleasure Cruise Company Private Limited and Waterways Shipyard Private Limited, and (2) approval for Delta Pleasure Cruise Company Private Limited to provide a corporate guarantee for a loan to be availed by Waterways Shipyard Private Limited. Voting was conducted through remote e-voting (April 5-8, 2026) and electronic voting during the meeting. M/s. A. K. Jain and Co. was appointed as scrutinizer. The voting results are to be disclosed to stock exchanges within the stipulated time.
Shareholders approved related party transactions involving a corporate guarantee for Waterways Shipyard's loan. This increases Delta Corp's contingent liability exposure through its subsidiary, which investors should monitor for financial risk implications.