Business Update23 Dec 2025, 05:24 pm
Delta Manufacturing Ltd. to Close Hard Ferrite Division Due to Continuous Losses
AI Summary
Delta Manufacturing Ltd. announced the closure of its hard ferrite division located at Ambad, Nashik, following continuous losses. The division generated a revenue of 5.16 Crore and incurred a loss of 8.83 Crores after tax in the last financial year 24-25. The net worth of the division was Nil as of the end of the same period. The closure is expected to be completed within 3 months from January 2026. The decision was made during a Board Meeting held on 23rd December, 2025.
Key Highlights
- Delta Manufacturing Ltd. to close hard ferrite division due to continuous losses
- The division generated a revenue of 5.16 Crore and incurred a loss of 8.83 Crores after tax in FY 24-25
- The net worth of the division was Nil as of the end of the same period
- The closure is expected to be completed within 3 months from January 2026
- The decision was made during a Board Meeting held on 23rd December, 2025