Sical Logistics Limited has accepted the resignation of Ms. Vaishali Jain from the position of Company Secretary and Compliance Officer, effective from the close of business hours on July 03, 2026. The resignation was submitted to pursue better career growth opportunities, with no other material reasons cited for the departure. This change impacts the company's compliance leadership structure as it transitions to new oversight.

The resignation was communicated via a letter dated July 03, 2026, and disclosed to BSE Limited and the National Stock Exchange of India Limited under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing referenced the master circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Seshadri Rajappan, Whole-time Director, signed the disclosure on behalf of the company.

Ms. Jain confirmed that her decision was driven solely by career advancement and requested that the company take necessary steps, including filing forms with the Registrar of Companies and intimating stock exchanges. The details of the event have been hosted on the company's official website.

Key Details of Resignation

Sical Logistics Limited has executed credit facilities totaling Rs 115 crore with Axis Bank Limited to refinance existing debt and support working capital requirements. The agreements were finalized on July 02, 2026, following board approval granted on May 23, 2026. The funding structure comprises a term loan of Rs 85 crore and working capital facilities amounting to Rs 30 crore.

The term loan of Rs 85 crore carries an interest rate of 9.25% per annum and has a tenure of nine years. Proceeds from this facility will be utilized for refinancing the term debt led by Aditya Birla Finance Limited. Security for this loan includes a first pari passu charge on the entire movable fixed assets of the company, excluding those exclusively funded by other lenders, and an average debt service reserve account covering three months of principal plus interest obligations.

Working Capital Facilities

The working capital facilities consist of a cash credit limit of Rs 15 crore and a bank guarantee facility of Rs 15 crore. Both facilities carry an interest rate of 8.25% per annum. The cash credit facility is valid for 12 months, subject to review and renewal, while the bank guarantee facility has a maximum tenure of four years inclusive of the claim period.

The cash credit facility will be utilized towards the working capital requirements of the company, whereas the bank guarantee facility will support general operations. Security for these working capital loans includes a first pari passu charge on the current assets of the company, present and future, shared with other banks.

Axis Bank Limited is not related to the promoter or promoter group of the company, and the transactions are not considered related party transactions. The disclosures were made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE075B01020/5e44c1c05d234a1a.pdf