The board of directors of Delta Corp at its meeting held on 8 May 2024, approved the proposal for entering into a strategic partnership with Alpha Alternatives Fund Advisors LLP and its affiliates (including Arsenio Strategies) and any funds managed by Alpha Alternatives Fund Advisors LLP (collectively referred to as �AA Group�) and Peninsula Land (PLL) to establish a real estate development platform (RE Platform).The RE Platform proposes to deploy an aggregate amount of up to Rs 765 crore in residential re-development in the Mumbai Metropolitan Region and plotted development in and around the Mumbai Metropolitan Region, Alibagh, Khopoli, Karjat, and Pune through one or more entities to be incorporated. The RE Platform will be the exclusive vehicle for such projects, AA Group, PLL and the Company propose to contribute to the RE Platform up to an aggregate of Rs 450 crore (58.82%), Rs 225 crore (29.42%) and Rs 90 crore (11.76%), respectively, to the Platform as and when required. Powered by Capital Market - Live News

Delta Corp announced that the Board of Directors of the Company at its meeting held on 7 May 2024, inter alia, have recommended the final dividend of Rs 1.25 per equity Share (i.e. 125%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Delta Corp rose 41.51% to Rs 72.41 crore in the quarter ended March 2024 as against Rs 51.17 crore during the previous quarter ended March 2023. Sales declined 9.10% to Rs 194.81 crore in the quarter ended March 2024 as against Rs 214.31 crore during the previous quarter ended March 2023.For the full year,net profit declined 6.56% to Rs 244.23 crore in the year ended March 2024 as against Rs 261.37 crore during the previous year ended March 2023. Sales declined 4.06% to Rs 925.30 crore in the year ended March 2024 as against Rs 964.47 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales194.81214.31 -9 925.30964.47 -4 OPM %21.4128.08 -31.7136.32 - PBDT57.2376.50 -25 340.22387.94 -12 PBT42.3161.94 -32 276.44329.29 -16 NP72.4151.17 42 244.23261.37 -7 Powered by Capital Market - Live News

Delta Corp will hold a meeting of the Board of Directors of the Company on 7 May 2024.Powered by Capital Market - Live News

Delta Corp announced the  divestment of its holding involving its 100% subsidiary, Caravella Entertainment (CEPL). CEPL in turn holds an 89.286% stake in Deltin Nepal (DNPL). The divestment represents an enterprise value of Rs 80 crore comprising of Rs 18 crore of parent debt and Rs 62 crore of equity value on a nominal investment of  Rs 1 lakh equity. The stake sale aligns with DCL`s vision to optimize its portfolio and enhance shareholder value. Powered by Capital Market - Live News