Delta Manufacturing logo

Delta Manufacturing MD, chairman, board of directors and AGM

NSE: DELTAMAGNTBSE: 504286Industrial ProductsSmall Cap

Formerly Delta Magnets
Last close ₹52.70down ₹1.72 (3.16%)BSE ₹54.22

Share price at the NSE close on 23 Oct 2026. Previous close ₹54.42.

52-week range of traded prices to 23 Oct 2026
₹45.51Low, 30 Mar 2026₹84.60High, 1 Dec 2025
Market cap
₹57 Cr3,203rd largest listed
P/E
Lossover the last 12 months
P/B
24.8
Dividend yield
Nonein the last 12 months
ROE
−124.6%
ROE without one-offs
−34.1%
ROCE
0.7%
Debt to equity
16.97
Volume, NSE
7,17956.1% delivered

Delta Manufacturing board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonJaydev Mukund ModyRelated to the promoter
  • Managing directorRam Hemant Shroff
  • Company Secretary and Compliance OfficerMadhuri Deokar

7 directors4 independent1 executive2 non-executive

  • Jaydev Mukund Mody · ChairpersonNon-executive · joined Mar 2008 · 2 listed boards · 2 committee seats, 2 as chair
  • Ram Hemant Shroff · Managing directorExecutive · joined Aug 2011 · 1 listed board · 2 committee seats
  • Darius Khushroo KhambattaIndependent · joined Oct 2012 · reappointed Sep 2024 · 81 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Aurobind Ashabhai PatelIndependent · joined Aug 2024 · reappointed Aug 2024 · 23 months as independent · 2 listed boards · 2 as independent · 3 committee seats
  • Jehangir Homi AibaraIndependent · joined Aug 2024 · reappointed Aug 2024 · 23 months as independent · 1 listed board · 1 as independent
  • Kaarshan S AwatramaniIndependent · joined Aug 2024 · reappointed Aug 2024 · 23 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Anjali ModyNon-executive · joined Feb 2020 · 1 listed board

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 27 May 20266 of 7 present4 independent · 103 days in between
    • 12 Feb 20266 of 7 present4 independent

  • Audit Committee

    Chair Darius Khushroo Khambatta

    Ram Hemant Shroff, Kaarshan S Awatramani, Aurobind Ashabhai Patel

    • 27 May 20264 of 4 present3 independent · 103 days in between
    • 12 Feb 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Darius Khushroo Khambatta

    Jaydev Mukund Mody, Aurobind Ashabhai Patel

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair Jaydev Mukund Mody

    Ram Hemant Shroff, Darius Khushroo Khambatta

    • 6 Jan 20262 of 3 present1 independent

  • Risk Management Committee

    Chair Ram Hemant Shroff

    Darius Khushroo Khambatta, Kaarshan S Awatramani

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • M H S & AssociatesPeer-review certificate valid to Sep 2028

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Delta Manufacturing AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Delta Manufacturing share news and announcements

Annual general meeting, 30 Sep 2026

11,768 shareholders on the register on 23 Sep 2026; present: 11 promoters and 28 others; votes counted by Ashish Kumar Jain / A. K. Jain & Co..The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements for the financial year ended 31st March, 2026 together with the reports of the board of directors and the auditors thereon.MoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.23%

    Turnout: all 73.86% · promoters 99.99% · institutions 0.00% · other public 6.29%

  2. To appoint a director in place of Mr. Jaydev Mody (DIN: 00234797), who retires by rotation and being eligible offers himself for re-appointment.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.23%

    Turnout: all 73.86% · promoters 99.99% · institutions 0.00% · other public 6.29%

  3. To approve the continuation of Mr. Aurobind Patel (DIN: 00016628) as Non-Executive, Independent Director of the Company after attaining the age of 75 years, pursuant to Regulation 17(1A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.MoreLess
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.23%

    Turnout: all 73.86% · promoters 99.99% · institutions 0.00% · other public 6.29%

  4. To Approve Material Related Party Transactions with MMG Ferrites Private Limited (MFPL).
    OrdinaryPromoters have an interest in it
    99.60% for0.40% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.40%

    Turnout: all 1.75% · promoters 0.00% · institutions 0.00% · other public 6.29%

  5. To Approve Material Related Party Transactions with Myra Mall Management Company Private Limited (MMMCPL).
    OrdinaryPromoters have an interest in it
    99.60% for0.40% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.40%

    Turnout: all 1.75% · promoters 0.00% · institutions 0.00% · other public 6.29%

  6. Revision in Remuneration of Dr. Ram H. Shroff (DIN No. 00004865), Managing Director and Executive Vice Chairman of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.40%

    Turnout: all 73.69% · promoters 99.76% · institutions 0.00% · other public 6.29%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 25 Mar 2026, 1 resolution

11,948 shareholders on the register on 18 Mar 2026; present: 11 promoters and 29 others; votes counted by Ashish Jain / A K Jain & Co.The company's voting result (opens in a new tab)

  1. TO APPROVE MATERIAL RELATED PARTY TRANSACTIONS WITH MMG FERRITES PRIVATE LIMITED.
    OrdinaryPromoters have an interest in it
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.14%

    Turnout: all 2.00% · promoters 0.00% · institutions 0.00% · other public 7.18%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Sep 2025, 5 resolutions

12,476 shareholders on the register on 22 Sep 2025; present: 11 promoters and 35 others; votes counted by Jinesh Damji Dedhia / M/s Jinesh Dedhia & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements for the financial year ended 31st March, 2025 together with the reports of the board of directors and the auditors thereon.MoreLess
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 15.03%

    Turnout: all 72.23% · promoters 99.99% · institutions 0.00% · other public 0.45%

  2. To appoint a director in place of Ms. Anjali Mody (DIN: 02784924), who retires by rotation and being eligible offers herself for re-appointment.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 15.03%

    Turnout: all 72.23% · promoters 99.99% · institutions 0.00% · other public 0.45%

  3. Appintment of Secretarial Auditor
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 15.03%

    Turnout: all 72.23% · promoters 99.99% · institutions 0.00% · other public 0.45%

  4. Re-appointment of Dr. Ram H. Shroff (DIN:00004865), As the Managing Director and Executive Vice-Chairman of the Company for a period of 3 years and fix his remuneration
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 15.03%

    Turnout: all 72.23% · promoters 99.99% · institutions 0.00% · other public 0.45%

  5. Approval to advance any loan /give guaratntee/provide security under section 185 of the Companies Act, 2013
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 15.03%

    Turnout: all 72.23% · promoters 99.99% · institutions 0.00% · other public 0.45%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 22 Jan 2025, 3 resolutions

12,347 shareholders on the register on 15 Jan 2025; present: 12 promoters and 38 others; votes counted by Ashish Jain / A K Jain & Co.The company's voting result (opens in a new tab)

  1. TO APPROVE TRANSFER OF THE SOFT FERRITES UNDERTAKING OF THE COMPANY TO MMG FERRITES PRIVATE LIMITED AND EXECUTION OF BUSINESS TRANSFER AGREEMENT
    SpecialPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 2.61% · promoters 0.00% · institutions 0.00% · other public 9.41%

  2. TO APPROVE DISPOSAL OF 50% SHAREHOLDING OF THE COMPANY IN ITS MATERIAL SUBSIDIARY, MMG FERRITES PRIVATE LIMITED
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 74.72% · promoters 99.99% · institutions 0.00% · other public 9.41%

  3. TO APPROVE EXECUTION OF LOAN AGREEMENT BETWEEN MMG FERRITES PRIVATE LIMITED AND MYRA MALL MANAGEMENT COMPANY PRIVATE LIMITED
    SpecialPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 2.61% · promoters 0.00% · institutions 0.00% · other public 9.41%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 20 Sep 2024, 7 resolutions

Present: 12 promoters and 33 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements for the financial year ended 31st March, 2024 together with the reports of the board of directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.35%

    Turnout: all 72.16% · promoters 100.00% · institutions 0.00% · other public 0.15%

  2. To appoint a Director in place of Dr. Ram H. Shroff (DIN: 00004865), who retires by rotation and being eligible offers himself for re-appointment
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.08%

    Turnout: all 72.16% · promoters 100.00% · institutions 0.00% · other public 0.15%

  3. Approval for continuation of Mr. Jaydev Mody (DIN: 00234797), as Non-Executive Non-Independent Director and Chairman of the Company.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.08%

    Turnout: all 72.16% · promoters 100.00% · institutions 0.00% · other public 0.15%

  4. Appointment of Mr. Jehangir Aibara (DIN: 07410962) as an Independent Director of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 14.81%

    Turnout: all 72.16% · promoters 100.00% · institutions 0.00% · other public 0.15%

  5. Appointment of Mr. Kaarshan Awatramani (DIN: 07452902) as an Independent Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 14.81%

    Turnout: all 72.16% · promoters 100.00% · institutions 0.00% · other public 0.15%

  6. Appointment of Mr. Aurobind Patel (DIN: 00016628) as an Independent Director of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.08%

    Turnout: all 72.16% · promoters 100.00% · institutions 0.00% · other public 0.15%

  7. Re-appointment of Mr. Darius Khambatta (DIN: 00520338) as an Independent Director of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.08%

    Turnout: all 72.16% · promoters 100.00% · institutions 0.00% · other public 0.15%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 14 Sep 2023, 3 resolutions

Present: 13 promoters and 35 others.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Financial Statements (including the Consolidated Financial Statements) for the Financial Year ended 31st March, 2023 together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.45%

    Turnout: all 72.12% · promoters 100.00% · institutions 0.00% · other public 0.14%

  2. Re-appointment of Ms. Anjali Mody (DIN:02784924) as a Director, retiring by rotation.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 10.90%

    Turnout: all 72.12% · promoters 100.00% · institutions 0.00% · other public 0.14%

  3. Re-appointment of M/s. M H S & Associates, Chartered Accountants as Statutory Auditors of the Company for second term.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.45%

    Turnout: all 72.12% · promoters 100.00% · institutions 0.00% · other public 0.14%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Sep 2022, 3 resolutions

Present: 11 promoters and 28 others.The company's voting result (opens in a new tab)

  1. Adoption of the audited standalone & consolidated financial statements for the financial year ended March 31, 2022 together with the reports of Board of Directors and the Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.25%

    Turnout: all 72.66% · promoters 99.98% · institutions 0.00% · other public 0.65%

  2. Re-appointment of Dr. Ram H. Shroff (DIN:00004865) as Director liable to retire by rotation.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.38%

    Turnout: all 72.66% · promoters 99.98% · institutions 0.00% · other public 0.65%

  3. Re-appointment and Approval of remuneration of Dr. Ram H. Shroff (DIN:00004865) as Managing Director and Executive Vice Chairman of the Company for a period of 3 (Three) years.
    Special
    99.78% for0.22% against

    Against: promoters 0.00% · institutions 0.00% · other public 70.62%

    Turnout: all 57.24% · promoters 78.71% · institutions 0.00% · other public 0.65%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 10 Dec 2021, 2 resolutions

Present: 10 promoters and 40 others.The company's voting result (opens in a new tab)

  1. To divest the assets, namely land of the material subsidiary of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 72.69% · promoters 99.99% · institutions 0.00% · other public 5.11%

  2. To wind up material subsidiary of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 72.69% · promoters 99.99% · institutions 0.00% · other public 5.11%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Tax disputeCommissioner of Income Tax (Appeals)Since 7 Jan 2019
    Appeal order received, order giving effect to the said order is pending.
    At the filing before: Details mentioned on page no 85 of the Company's Annual Report of FY 2024-25
  • Tax disputeCommissioner of Income Tax (Appeals)Since 8 Jan 2019
    Appeal order received, order giving effect to the said order is pending.
    At the filing before: Details mentioned on page no 85 of the Company's Annual Report of FY 2024-25
  • Tax disputeCommissioner of Income Tax (Appeals)Since 8 Jan 2019
    Appeal order received, order giving effect to the said order is pending.
    At the filing before: Details mentioned on page no 85 of the Company's Annual Report of FY 2024-25
  • Tax disputeCommissioner of Income Tax (Appeals)Since 8 Jan 2019
    Appeal order received, order giving effect to the said order is pending.
    At the filing before: Details mentioned on page no 85 of the Company's Annual Report of FY 2024-25
  • Tax disputeCommissioner of Income Tax (Appeals)Since 2 Jan 2018
    Next date still not received
    At the filing before: Details mentioned on page no 85 of the Company's Annual Report of FY 2024-25
  • Tax disputeCommissioner of Income Tax (Appeals)Since 19 Apr 2024
    Next date still not received
    At the filing before: Details mentioned on page no 85 of the Company's Annual Report of FY 2024-25

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 1 complaint open, quarter to Mar 2025.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.