Delta Corp Limited — Important, 20-02-2025: Agreements

Delta Corp Limited and its wholly owned subsidiary, Deltatech Gaming Limited (DGL), have entered into agreements with Head Digital Works Private Limited (HDW). As part of a strategic move, HDW will first acquire a 51% stake in DGL, followed by the merger of DGL with HDW. This transaction values DGL at approximately INR 491 Crore, with Delta Corp projected to hold around 5.7% ownership in HDW post-merger.

The transaction involves standard customary conditions and requires shareholder approval for DCL. The anticipated completion for the initial acquisition is set for April 6, 2025, with the entire process expected to conclude by June 30, 2026. This merger will bolster Delta Corp's foothold in the online gaming sector, aligning with its long-term growth strategy in the evolving digital landscape. Investors should view this as a potential growth opportunity, marking a significant expansion in Delta Corp's online gaming portfolio, particularly in the poker segment.