DELTA CORP LTD.

Delta Corp Limited announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The Board of Directors approved these results, which include both standalone and consolidated statements. The limited review reports have also been enclosed. The board meeting took place on October 19, 2026, from 4:00 PM to 7:00 PM.

Delta Corp swung to a consolidated net loss of ₹106.4 Cr for Q2 FY27 (standalone loss ₹80.0 Cr) against a ₹25.1 Cr consolidated profit a year ago — the YoY swing is the headline, not the 49.9% narrowing of the loss versus Q1 FY27's ₹212.6 Cr loss, which is simply a smaller exceptional charge this quarter, not an operational rebound. The loss is almost entirely a one-off: the company booked a further ₹136.92 Cr consolidated (₹118.98 Cr standalone) exceptional GST provision this quarter, taking the cumulative H1 FY27 provision to ₹443.65 Cr consolidated, following the Supreme Court's May 27, 2026 judgment upholding GST applicability on casino/online-gaming transactions and subsequent adjudication orders. Stripping the exceptional item out, consolidated pre-tax profit was ₹21.57 Cr, itself down 37.8% YoY (₹34.69 Cr) and 22.2% QoQ (₹27.74 Cr); adjusting PAT for the exceptional item and its associated deferred-tax effect, underlying consolidated profit is roughly ₹9-10 Cr versus ₹25.1 Cr a year ago, a decline of ~60%, meaning the business itself — not just the GST charge — weakened YoY. Consolidated revenue of ₹159.3 Cr fell 12.8% YoY and 5.5% QoQ. Casino gaming, the core segment, brought in ₹151.3 Cr, down 13.4% YoY though roughly flat QoQ. Hospitality revenue cratered to ₹7.9 Cr from ₹16.6 Cr the prior quarter (-52.6% QoQ) after heavy monsoon flooding on July 23, 2026 forced a 37-day suspension of operations at The Deltin, Daman, which only resumed normal operations on August 29, 2026 — a disclosed, non-recurring drag rather than a structural shift. On margins, segment profit before unallocable items and the exceptional charge fell to ₹21.64 Cr from ₹28.37 Cr YoY, i.e. compression concentrated in casino gaming (segment result ₹26.67 Cr vs ₹31.11 Cr YoY) and a widened hospitality segment loss (₹4.54 Cr vs ₹2.74 Cr YoY), consistent with the flood disruption. There is no management guidance on record for this quarter, in our database or in the filing itself, and a web search turned up no sell-side consensus estimates specifically for the Q2 FY27 print, so both vs-guidance and vs-street are unknown. There is also no management press release in the context accompanying these results beyond the standard exchange intimation. Corporate developments this quarter tie directly to the numbers: a fresh ₹153.54 Cr GST demand surfaced on Sept 26, 2026 and a smaller ₹3.08 Cr GST demand-with-penalty followed on Oct 15, 2026, both consistent with the continuing wave of GST litigation behind this quarter's provision; the company clarified on Sept 28 that it held no undisclosed material information ahead of the results. Litigation remains unresolved: the company has paid ₹80.97 Cr (consolidated) principal under protest under Rule 31C adjudication for the July 2017-March 2022 period while continuing to contest the balance of demand on mixed supply and interest, and management states no provision is required against goodwill (₹93.51 Cr) or past associate investments given current recoverability assessments. Going into Q3 FY27, the key markers are whether hospitality recovers toward its pre-flood run-rate now that Deltin Daman has reopened, whether casino gaming revenue stabilizes near the ₹150 Cr/quarter level it has held for two straight quarters, and how further GST adjudications (the ₹153.54 Cr and ₹3.08 Cr demands disclosed this month) flow into subsequent exceptional items.

Delta Corp Limited has received an order from the Joint Commissioner, CGST & Central Excise, Siliguri Commissionerate, demanding differential GST of ₹1,64,45,616 for valuation of actionable claims and ₹1,43,21,637 for casino entry packages. This brings the total demand to ₹3,07,67,253 (₹3.08 Crore). The order also includes interest and penalties equivalent to the GST demand under the CGST Act. The company is evaluating the order and may file an appeal.

Delta Corp Ltd has announced that its Board of Directors will convene on October 19, 2026. The primary agenda item is to consider and approve the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. Following the announcement of these results, the trading window for company insiders will remain closed for 48 hours, as per SEBI regulations.

Delta Corp Ltd has announced the closure of its trading window for all directors and designated persons, including their immediate relatives. This restriction will be effective from October 1, 2026, and will remain in place until 48 hours after the communication of the unaudited standalone and consolidated financial results for the quarter and half-year ending September 30, 2026, to the stock exchanges. This measure is in accordance with the company's Code of Conduct for Insider Trading.

Delta Corp Ltd has responded to an email from the stock exchange regarding an increase in security volume. The company stated that it is in compliance with SEBI Listing Regulations and has disclosed all material information and events as required under Regulation 30. There is currently no undisclosed information or event that necessitates further disclosure.

Delta Corp Ltd. and its subsidiaries received orders from the Additional Commissioner, Central GST, Goa, demanding differential GST, interest, and penalties totaling ₹153.54 crore for the period July 2017 to March 2022. The demand includes ₹79.32 crore for valuation of actionable claims (GST on chips sold) and ₹37.11 crore for casino-entry packages classified as mixed supply, both with 18% interest. An additional penalty of ₹37.11 crore has been levied. The company is evaluating the orders and plans to appeal. Proceedings for its Sikkim casino for the same period are still pending.

Delta Corp Ltd has announced its Board of Directors has recommended a final dividend of ₹0.50 per equity share for the financial year ended March 31, 2026. This dividend is subject to approval at the Annual General Meeting scheduled for September 10, 2026. The record date for determining eligible shareholders is August 17, 2026. The company also informed shareholders about the withholding tax (TDS) applicable on dividend income, as dividend distribution tax has been abolished. Shareholders are advised to update their details, including PAN and bank information, with their depository participants or the company's registrar to ensure accurate TDS deduction.

Delta Corp Ltd has issued an intimation regarding its 35th Annual General Meeting (AGM) scheduled for September 10, 2026. In compliance with Listing Regulations, the company has provided a web-link to its Annual Report for the Financial Year 2025-2026 to members who have not registered their email addresses. The report details are available on the company's website, and members are advised to update their contact information with the respective depositories or RTA if needed.

Delta Corp Ltd has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-2026, in compliance with SEBI regulations. The report details the company's commitment to responsible business practices, ethical conduct, and sustainability performance. It highlights efforts in managing environmental impacts, strengthening governance frameworks, and engaging with stakeholders. The company, India's only listed casino gaming entity, emphasizes balancing business growth with environmental and social considerations. The BRSR is available on the company's website and covers standalone disclosures for FY 2025-26.