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Fire breaks out at Sequent Scientific subsidiary’s API facility in Visakhapatnam; Stock under pressure


Sequent Scientific Ltd has knowledgeable to the exchanges that there was an incident of fireside at its wholly owned subsidiary Alivira Animal Well being Restricted’s (Alivira) API facility in Visakhapatnam at round 7:30 pm on Saturday, Might 7, 2022.

As per the submitting, the fireplace was introduced underneath management quickly. There have been no casualties or accidents to anybody on web site. Whereas manufacturing actions have been affected briefly, the preliminary evaluation signifies that there may not be any materials monetary impression on account of this incident, mentioned firm.

Additional, the Firm has applicable insurance coverage in place for the unit. The Firm has additionally knowledgeable all involved statutory authorities in regards to the fireplace incident.

At round 10:12 AM, Sequent Scientific was buying and selling at Rs130.70 apiece down by Rs0.8 or 0.61% from its earlier closing of Rs131.50 apiece on the BSE.



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