Delta Manufacturing to close loss-making Hard Ferrite division in Nashik

Capex & Operations View source PDF Explain this filing

DELTAMAGNT · price

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

-2.0%Reaction day

₹71.29

prior close

₹73.27

announcement price

After-mkt

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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.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

-2.4-1.1-1.4-0.5-1.9

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UpDownMarket · Nifty Microcap 250Sector · Other Industrial Products peers, median of 21Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board approved closure of Hard Ferrite division at Ambad, Nashik. The division contributed Rs 5.16 crore (8.46 percent of total turnover) but incurred Rs 8.83 crore loss after tax in FY25 due to outdated technology and obsolete machinery. Net worth of the division is nil. Closure expected between January and March 2026. Company states no material impact.

Likely market impact

Removes a loss-making unit contributing under 9 percent of revenue. No material impact stated; could improve margins going forward.