Sical Logistics secures Rs 115 crore credit from Axis Bank
Sical Logistics Limited secured Rs 115 crore in credit facilities from Axis Bank Limited, approved by its board on May 23, 2026. The facility includes Rs 15 crore for cash credit, Rs 15 crore for bank guarantees, and Rs 85 crore for term loan refinancing. Details of the agreement will be disclosed upon execution under Regulation 30.
*this image is generated using AI for illustrative purposes only.
Sical Logistics Limited has secured credit facilities totaling Rs 115 crore from Axis Bank Limited to support operational needs and restructure existing debt. The board of directors approved the availing of these facilities during a meeting held on May 23, 2026. The financial support is structured across three distinct components to address liquidity, business commitments, and refinancing requirements.
Breakdown of Facilities
The sanctioned credit limit is divided into specific components. The cash credit facility accounts for Rs 15 crore, providing liquidity for day-to-day operations. Additionally, the company has obtained a bank guarantee facility of Rs 15 crore to support its business commitments.
Term Loan Allocation
A significant portion of the total facility, amounting to Rs 85 crore, has been allocated as a term loan specifically for refinancing. This component aims to restructure existing debt obligations and optimize the company's capital structure.
| Facility Type | Amount (Rs) |
|---|---|
| Cash Credit | 15 crore |
| Bank Guarantee | 15 crore |
| Term Loan (Refinancing) | 85 crore |
| Total | 115 crore |
The company stated that requisite details regarding the facilities agreement will be disclosed upon execution. This information will be made available in accordance with Regulation 30 of the Listing Obligations and Disclosure Requirements Regulations, 2015, read with Securities and Exchange Board of India master circular no. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026.
Historical Stock Returns for Sical Logistics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.88% | +1.56% | -6.27% | -20.89% | -21.14% | +546.89% |
How will the refinancing of Rs 85 crore impact Sical Logistics' interest costs and overall debt servicing obligations in the coming fiscal year?
What specific operational expansions or efficiency improvements does the company plan to implement using the new liquidity and bank guarantee facilities?
Will this restructuring significantly alter the company's leverage ratios, and how might it affect future borrowing capacity?
17
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
