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History of Delta Magnets Ltd.

G.P. Electronics Ltd., a Comp. headed by Mr. Ajay Piramal, a sion of Piramal clan, [Nicholas Laboratories, Morarjee Mills etc.s] is a leading producer of Magnets & hard ferrites for electronics industry.

Established in 1984, the Comp. commissioned its first plant in 1985. The plant of Comp. is located at Nasik in Maharashtra. The Comp. markets high quality magnets to OEMS [Original Equipment Manufacturerss] in the consumer electronics industry, particularly for speakers, earphones, headphones, telephones etc. & in the automotive industry for horns, magnets in two & three wheelers, wiper motors etc. The other applications of these products are in D.C. Motors, stepper motors, generators, material handling systems, toys & novelties.

The Comp. has two foreign collaborators. Tokyo Kikai Sangyo limited of Japan & 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.