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Delta Magnets

BSE: 504286|NSE: DELTAMAGNT|ISIN: INE393A01011|SECTOR: Electricals
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Company History - Delta Magnets
G.P. Electronics Ltd., a Company headed by Mr. Ajay Piramal, a sion of
 the Piramal clan, (Nicholas Laboratories, Morarjee Mills etc.) is a
 leading producer of Magnets and hard ferrites for the electronics
 industry.
 
 Established in 1984, the Company commissioned its first plant in
 1985.  The plant of the Company is located at Nasik in Maharashtra.
  
 The Company markets high quality magnets to OEMS (Original Equipment
 Manufacturers) in the consumer electronics industry, particularly for
 speakers, earphones, headphones, telephones etc. and in the automotive
 industry for horns, magnets in two and three wheelers, wiper motors
 etc.  The other applications of these products are in D.C. Motors,
 stepper motors, generators, material handling systems, toys and
 novelties.
 
 The Company has two foreign collaborators. Tokyo Kikai Sangyo Ltd. of
 Japan and Crucilla Magnets, U.S.A.
 
 2000 - Dealings in Letter of Allotment of Equity Shares allotted on
 conversion of 
              Part A of 14% PCD are good delivery in the market until
 further notice.
 
 2006
 
 --Registered Office of the Company has been shifted from Nicholas
 Piramal Tower, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower
 Parel, Mumbai 400 013 to 106, Peninsula Centre, Dr. S. S. Rao Road,
 Parel Mumbai 400012
 
 2008
 
 - Company name has been changed from G P Electronics Ltd to Delta
 Magnets Ltd.
 
 -Registered Office of the Company has been shifted From Peninsula
 Spenta, Mathuradas Mills Compound, Senapati Bapat Marg, Lower Parel,
 Mumbai- 400013 To 16/A, Ali Chambers, 2nd Floor, Master Nagindas
 Road, Fort, Mumbai - 400001.
 
 2009
 
 - Delta Magnets Ltd has informed that the Board of Directors of the
 Company at its meeting held on June 29, 2009, inter alia, has
 appointed Mr. Rajesh Jaggi as an Additional Director of the Company.
 
 --Registered Office of the Company has been shifted from 16/A, Alli
 Chambers, 2nd Floor, Nagindas Master Road, Fort, Mumbai - 400001,
 Maharashtra to B-87, MIDC, Ambad, Nasik - 422010, Maharashtra.
 
 2010
 
 - Delta Magnets Limited has appointed Dr. Vrajesh Udani and Ms.
 Ambika Kothari as Additional Directors of the Company with effect
 from July 30, 2010.
 
 2013
 
 -Delta Magnets Ltd Corporate Office address has been changed from
 109, Bayside Mall, 1st Floor, Tardeo Road, Haji Ali, Mumbai - 400 034
 to Bayside Mall, 2nd Floor, Tardeo Road, Haji Ali, Mumbai - 400 034.
 
 2015
 -Delta Magnets Ltd has  wholly Owned Subsidiary MMG India Private
 limited has commenced operation of its new facility at Nashik,
 Maharashtra, for manufacture of soft ferrite products.
 
 
 
 
Source : Dion Global Solutions Limited
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