Hard ferrite division closure at Nashik completed

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₹64.54

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Nifty Microcap 250market · in no size index; the smallest one is used-1.3%+2.7% vs market

Other Industrial Products peers, median of 24sector-0.6%+2.0% vs sector

On the reaction day the stock moved 2.7 pts more than Nifty Microcap 250 and 2.0 pts more 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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UpDownMarket · Nifty Microcap 250Sector · Other Industrial Products peers, median of 24Pending

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AI summary

Delta Manufacturing has completed the closure of its hard ferrite division at Ambad, Nashik in all aspects. This is a follow-up to the company's earlier disclosure on December 23, 2025 about the decision to shut this unit. The division produced ferrite magnets, and its closure signals the company exiting this product line to focus on remaining magnet and related operations.

Likely market impact

Removes a loss-making or low-margin unit, likely improves profitability but reduces overall revenue and may involve employee exits at Nashik.