Delta Manufacturing Limited has informed the Exchange about change in Management
DELTAMAGNT · price
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Delta Manufacturing Limited's board has approved the re-appointment of Dr. Ram H. Shroff as Managing Director and Executive Vice Chairman for a 3-year term from October 1, 2025 to September 30, 2028, subject to shareholder approval. Dr. Shroff, who has led the company since 2012, is credited with expanding the soft ferrite capacity from 7 MT/month to 140 MT/month and securing key deals like the PREMO SL partnership. The company also announced its Q1 FY26 (ended June 30, 2025) standalone results, posting a loss of Rs 154.62 lakhs on revenue of Rs 1,431.67 lakhs. The 43rd Annual General Meeting has been scheduled for September 29, 2025 via video conferencing.
The re-appointment signals leadership continuity rather than any disruption, which is generally positive for investor confidence. However, the company continues to report losses (Rs 154.62 lakhs in Q1 FY26), though slightly improved compared to the Rs 258.03 lakhs loss in the year-ago quarter, indicating the turnaround under Dr. Shroff's leadership is still a work in progress.