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VIP Industries has informed stock exchanges that part of the stores, luggage assembly and injection molding departments of its Haridwar manufacturing plant caught fire on November 22. Production, which was temporarily discontinued, has already resumed from November 24. The entire unit of the company is adequately covered under insurance. The extent of damage has been assessed, the company said. Shares of VIP Industries slumped 4.64 per cent at ₹99.60 on the NSE.
Manaksia has fixed December 5 as the record date for entitlement of shares in the demerged companies – Manaksia Steels (steel division), Manaksia Industries (packaging), Manaksia Coated Metals & industries (coated metals and mosquito division) and Manaksia Aluminium Company (aluminium division). The company has fixed a ratio of 1:1 for all the companies which means shareholders will receive one ₹1 share each in four companies for every share they held in Manaksia, which closed at ₹125, down 2.5 per cent on the BSE.
Pearl Polymers has informed the BSE that the ground storage area of one of the company’s units located in MIDC Industrial Estate, Mahad, Maharashtra, caught fire on November 22, around midnight. The fire got controlled after late night with the help of fire brigade. However, the actual extent of damage is yet to be ascertained. The unit is expected to be back in production in six days. The stock on Pearl Polymers slipped 0.3 per cent at ₹14.8 on the BSE.
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