Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
DELTACORP · price
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Awaiting price reaction for this filing.
Delta Corp's wholly-owned subsidiary, Delta Pleasure Cruise Company Private Limited (DPCCPL), will shut down its Deltin Zuri casino at The Zuri White Sands Goa Resort and Casino effective January 9, 2026. The casino contributed Rs. 15.51 crores in annual turnover, about 2.13% of the company's consolidated turnover. Its networth is negative at Rs. 15.26 crores, representing a negative 0.62% of consolidated networth. The closure is due to ongoing operating losses at the unit. The company has stated this decision will not materially impact its overall financial position, and all other operations of the company and its subsidiaries remain unaffected.
Minor positive for shareholders — shutting down a loss-making unit that contributes only ~2% of revenue and has negative networth should help streamline operations and reduce drag on profitability, with no material impact on the overall business.