Sical Logistics informed the exchanges that its subsidiary Sical Iron Ore Terminals has received a letter of intent from Kamarajar Port for modification of the existing iron ore terminal on “as is where is” basis to be able to also handle common user coal at the port. The project will be undertaken on a design, build, finance, operate, and transfer (DBFOT) basis. Shares of Sical Logistics climbed 3.6 per cent at ₹150.95 on the BSE.

Organic Coatings has informed the BSE that a fire broke out at the company’s plant at Umraya village, Padra, Vadodara, on Thursday at around 8.30 p.m. This has resulted in material loss, which the company is currently assessing. The company’s properties have been adequately insured. The fire will result in disruption of operations at the plant for 20-30 days. Shares of Organic Coatings gained 4.3 per cent at ₹9 on the BSE.

Radico Khaitan has informed the exchanges that Sapphire Intrex (SIL), which holds 25.47 per cent stake in the spirits maker, has merged with Shailaja Finance (SFL), which holds 8.64 per cent stake in Radico Khaitan, pursuant to a composite scheme of arrangement approved by the High Court of Kolkata. Consequently, equity shares aggregating to 25.47 per cent of the paid-up equity capital of Radico Khaitan held by SIL would be transferred and vested in SFL’s favour. With the transfer of these shares, SFL’s shareholding in Radico Khaitan would increase to 34.11 per cent of the paid-up equity capital of the company. Both companies are categorised as promoters of the company. Shares of Radico Khaitan slipped 0.9 per cent at ₹88.9 on the BSE.

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