Sical Logistics CFO resigns to join material subsidiary
Sical Logistics Limited accepted the resignation of K. Rajavel as chief financial officer and key managerial personnel effective July 09, 2026. Rajavel resigned to devote his full time to the role of chief financial officer at Sical Multimodal and Rail Transport Limited, a material subsidiary of the company.
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Sical Logistics Limited announced the resignation of its chief financial officer, K. Rajavel, effective from the close of business hours on July 09, 2026. The executive stepped down from his position as chief financial officer and key managerial personnel to focus entirely on his role at the company's material subsidiary, Sical Multimodal and Rail Transport Limited.
The resignation was submitted via a letter dated July 09, 2026, and was disclosed to the stock exchanges pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Seshadri Rajappan, Whole-time Director of Sical Logistics, signed the regulatory filing confirming the development.
Rajavel clarified that his decision to resign was driven by the expanding business operations of the subsidiary, which require his increased involvement and dedicated focus. He confirmed there were no other material reasons for his departure beyond the need to devote his full time to the material subsidiary.
The company has requested that the necessary steps be taken to give effect to the resignation. This includes filing the requisite forms with the Registrar of Companies under the Ministry of Corporate Affairs and making necessary intimations to the stock exchanges.
The details of the event, as required under the Listing Regulations and the relevant Securities and Exchange Board of India master circular, were provided to the exchanges. The information will also be hosted on the official website of Sical Logistics.
| S. No. | Details of event(s) | Information of such event(s) |
|---|---|---|
| 1. | Reason for change | Mr. K. Rajavel resigned to devote his full time as chief financial officer of Sical Multimodal and Rail Transport Limited, the material subsidiary company. |
| 2. | Date of cessation | Resigned with effect from close of business hours of July 09, 2026 |
Historical Stock Returns for Sical Logistics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.99% | -4.16% | +2.70% | +14.85% | -11.68% | +676.79% |
Who will be appointed as the new CFO to fill the vacancy left by K. Rajavel?
How will this leadership shift impact the financial reporting and operational efficiency of Sical Logistics?
What are the growth plans for Sical Multimodal and Rail Transport Limited that require the CFO's full-time attention?
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