I exited this counter because of following issues:
1) Even after several mails there is no reply from management to clarify the concerns.
2) Even after several years of profits, none of the promoter companies arrow textiles, delta magnets, delta corp will declare dividend and they are not promoter friendly.
3) When i spoke with them in last fy Q4, management told me that they had taken 4cr for capacity expansion and the profits will be reflected in Q1. But Q1 results are not good.
4) To surprise in the current AR, they invested the same 4Cr in mutual funds which is not good for small cap company.
Disclosure: i exited it completely after holding for more than a year.
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