Delta Corp Limited (NSE:DELTACORP) filed a notice on 18 August 2026 informing exchanges that its 35th Annual General Meeting will be held on Thursday, 10 September 2026 at 5:30 PM IST via Video Conferencing, with the Register of Members closed from 4 September to 10 September 2026, both days inclusive.
Key Highlights
- The 35th AGM is scheduled for 10 September 2026 at 5:30 PM IST through Video Conferencing or Other Audio Visual Means, without physical presence at a common venue.
- The record date for determining eligibility for the final dividend for the financial year ended 31 March 2026 has been fixed as Monday, 17 August 2026.
- M/s. M S K C & Associates LLP (Firm Registration No. 001595S/S000168) is proposed for appointment as Statutory Auditors for a term of five years, from the conclusion of the 35th AGM to the conclusion of the 40th AGM.
- A special resolution seeks member approval for aggregate commission of Rs 50,00,000 to all Non-Executive Directors and the Promoter Director for financial year 2025-26, not exceeding 1% of net profits.
About the Company
Delta Corp Limited (NSE:DELTACORP, BSE:532848), headquartered in Mumbai, is India's only listed hospitality and gaming company. It operates casino and hospitality properties in Goa, Daman, and Sikkim under brands including Deltin, and has diversified interests in online skill-gaming through its subsidiaries. The company is listed on both the NSE and BSE and is part of the Consumer Brands and Retail sector.
Announcement in Detail
The company's Company Secretary and Vice President, Secretarial, Dilip Vaidya (FCS No. 7750), filed the AGM notice on 18 August 2026 in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The ordinary business to be transacted includes adopting audited standalone and consolidated financial statements for FY2025-26, declaring a final dividend on equity shares, and considering the re-appointment of Mr. Jaydev Mody (DIN: 00234797), who retires by rotation and offers himself for re-appointment as recommended by the board.
Under special business, members will vote on appointing M/s. M S K C & Associates LLP as Statutory Auditors for five years commencing from the conclusion of the 35th AGM, and on approving Rs 50,00,000 in aggregate commission to eligible Non-Executive and Promoter Directors for FY2025-26. Remote e-voting will be facilitated through NSDL, with the e-voting window open ahead of the meeting date. Physical proxy appointments are not available given the VC/OAVM format.
Impact on Investors
Investors will note that the record date for the final dividend was fixed as 17 August 2026, meaning shareholders on record as of that date will be eligible for any dividend declared at the AGM. The filing shows the dividend quantum has not yet been determined, as declaration is itself an agenda item to be voted upon at the meeting. Shareholders will observe that the proposed commission of Rs 50,00,000 to eligible directors, distributed equally among them and subject to applicable taxes, requires a special resolution passed by members.
The disclosed terms indicate that the proposed auditor appointment, if approved, establishes a five-year tenure for M/s. M S K C & Associates LLP. Unclaimed dividends not encashed within seven years are subject to transfer to the Investor Education and Protection Fund, and members with outstanding unclaimed amounts are encouraged by the company to register electronic payment details promptly.
Sector / Market Context
India's gaming and hospitality sector operates under a complex regulatory framework spanning state-level casino licensing in Goa, Daman, and Sikkim. SEBI's continued push for virtual shareholder meetings, supported by MCA circulars, has normalised VC/OAVM-format AGMs across listed Indian companies since 2020, enabling broader retail shareholder participation without travel requirements. Delta Corp remains the sole listed entity with direct exposure to licensed casino operations in India, making its annual disclosures closely tracked by sector-focused investors monitoring regulatory and earnings developments in this niche segment.