"We have accepted the above Letter of Intent (LOI),” the company said in an regulatory filing made with NSE during market hours today.

Orissa Bengal Carrier is a third-party logistics service provider, providing full truck load (FTL), parcel and part truck load services, less than truck load (LTL).

The company's net profit declined 33.05% to Rs 1.60 crore as sales flat remained flat at Rs 92.30 crore in Q4 FY24 over Q4 FY23.