Delta Manufacturing Limited — Others, 22-01-2025: Shareholders meeting

Delta Manufacturing convened an Extra Ordinary General Meeting (EGM) chaired by Mr. Jaydev Mody, focusing on significant strategic decisions. Notable items discussed included the approval to transfer its soft ferrites undertaking to MMG Ferrites Private Limited, the disposal of 50% of its stake in MMG Ferrites, and the execution of a loan agreement between MMG Ferrites and Myra Mall Management Company. The meeting saw robust participation, with remote e-voting conducted prior to the EGM. The outcomes of the approvals indicate a strategic move by the company to streamline operations and potentially enhance shareholder value, which may positively influence investor sentiment moving forward.