Board approves closure of loss-making Hard Ferrite division

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Price reactionminutes from the announcement price · days from the prior close

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Nifty Microcap 250market · in no size index; the smallest one is used-0.5%-1.5% vs market

Other Industrial Products peers, median of 21sector-0.9%-1.1% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 1.1 pts less than its Other Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Delta Manufacturing's board has approved closing its loss-making Hard Ferrite division at Ambad, Nashik, with closure expected by March 2026. The unit contributed about 8.5% of total turnover (around Rs 5.16 Crore) but suffered a Rs 8.83 Crore loss after tax in FY25 due to outdated technology. The company states there is no material impact.

Likely market impact

Mildly positive for shareholders as the loss-making unit shuts down. Could improve overall profitability despite small revenue loss.