Delta Manufacturing Approves Closure Of Hard Ferrite Division

Delta Manufacturing Ltd has confirmed that its Board of Directors has approved the closure of the Hard Ferrite Division located at Ambad, Nashik. The decision, taken on December 23, 2025, comes after the division reported persistent losses despite contributing ₹5.16 crore in turnover during FY24-25. The unit recorded a net loss of ₹8.83 crore, largely attributed to outdated technology and obsolete machinery, making operations unsustainable.

The company stated that the closure process will be completed within three months, from January to March 2026. This strategic move is expected to streamline operations, reduce financial strain, and allow Delta Manufacturing to focus resources on more profitable segments.

Key Highlights

• Board approved closure of Hard Ferrite Division on December 23, 2025
• Division contributed 8.46% of turnover but incurred ₹8.83 crore loss in FY24-25
• Outdated technology and obsolete machinery cited as primary reasons for closure
• Closure process scheduled between January and March 2026
• Decision aimed at reducing financial burden and focusing on profitable operations

Sources: ScanX News, Moneycontrol, Business Standard