Delta Manufacturing Limited announced today, 23rd December 2025, that its Board of Directors has approved the closure of its Hard ferrite division located in Ambad, Nashik. The division generated a turnover of ₹5.16 Crore in the last financial year, contributing 8.46% to the company's total turnover. As of the end of the same period, the net worth of the division was Nil. The closure is necessitated by outdated technology and obsolete machinery, which have led to continuous losses. In the last financial year, FY 24-25, the division incurred a loss after tax of ₹8.83 Crore. The closure is expected to be completed within a period of three months, from January 2026 till March 2026. The company stated that the closure will have no material impact on its overall operations. The Board meeting where this decision was made commenced at 4:00 p.m. and concluded at 5:00 p.m.