Sical Logistics Limited has announced that its board of directors will meet on Friday, May 29, 2026. The meeting has been convened pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Agenda for the Meeting

The primary agenda for the upcoming board meeting is to consider and approve the audited financial results of the company. The board will review both the standalone and consolidated financial statements for the quarter and financial year ended March 31, 2026.

Key Details

The intimation was formally signed by Vaishali Jain, Company Secretary and Compliance Officer of Sical Logistics Limited. The company has requested shareholders to take the above information on record.

Sical Logistics has filed its first monitoring agency report for the quarter ended March 31, 2026, pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Regulation 82(4) of the SEBI (Issuance of Capital and Disclosure Requirements) Regulations, 2018. The report was prepared by Brickwork Ratings India Private Limited (BWR) and submitted to the stock exchanges on May 12, 2026. The filing pertains to the monitoring of utilisation of proceeds raised through a rights issue of equity shares by the company.

Rights Issue Details

The rights issue, which ran from February 26, 2026, to March 10, 2026, involved the issuance of equity shares at a price of ₹64 per share. The full amount of ₹93.03 crore as stated in the offer document was received by the company, with no shortfall reported. The following table summarises the key issue details:

Utilisation of Issue Proceeds

Brickwork Ratings confirmed that all utilisation of funds was in accordance with the disclosures made in the offer document, as verified through bank statements, company letters, and a CA certificate from Manjeet Kumar & Co., Chartered Accountant, dated May 07, 2026. No material deviation from the stated objects was observed. The following table details the progress in utilisation of issue proceeds as on March 31, 2026:

The repayment and/or prepayment of borrowings has been completed as of the quarter end, with an amount of ₹70.00 crore utilised against the proposed ₹69.77 crore. General corporate purpose utilisation stood at ₹6.93 crore, with ₹11.68 crore remaining unutilised. Issue expenses utilisation was ₹3.88 crore, with ₹0.77 crore yet to be deployed.

Deployment of Unutilised Proceeds

The unutilised proceeds as at the end of the quarter were deployed across bank accounts and fixed deposits with HDFC Bank. The table below captures the deployment details:

The above details were verified through bank statements, company statement dated May 07, 2026, and CA certificate dated May 07, 2026.

Monitoring Agency Observations

Brickwork Ratings India Private Limited, acting as the monitoring agency, reported no deviation from the objects of the issue and confirmed that all government and statutory approvals related to the objects have been obtained. The monitoring agency noted no unfavourable or favourable events affecting the viability of the stated objects, and no other material information was identified that could affect investor decision-making. The report was signed by Mr. Niraj Kumar Rathi, Senior Director, Ratings at Brickwork Ratings, on May 08, 2026. The report has also been made available on the company's website at https://sical.in/ . The filing was submitted to the exchanges by Vaishali Jain, Company Secretary and Compliance Officer of Sical Logistics.