Sical Logistics has sold non-core assets situated in Madhavaram, Chennai, to Roshan Foundations Limited for a total consideration of ₹18 crore. The transaction, finalized on June 30, 2026, involves a parcel of land and a building and aligns with the resolution plan approved by the National Company Law Tribunal (NCLT), Chennai bench.

Transaction Details

The sale comprises immovable property admeasuring 1 acre and 82.8 cents (79,627.68 sq.ft.) located at Madhavaram village, Chennai, Tamil Nadu. The agreement for sale was executed on June 30, 2026, with completion expected on the same date. Roshan Foundations Limited, a public limited company, is the buyer and is not part of the promoter or promoter group.

Regulatory Context

The divestment is part of the resolution plan submitted by Pristine Malwa Logistics Park Private Limited. The Hon’ble National Company Law Tribunal, Chennai bench, approved this plan under Section 31 of the Insolvency and Bankruptcy Code, 2016, via its order dated December 08, 2022. The transaction does not fall under related party transactions and was conducted at arm's length. The disclosure was made to BSE Limited and National Stock Exchange of India Limited under Regulation 30 of the Listing Obligations and Disclosure Requirements Regulations, 2015.

Sical Logistics Limited has reported a 74% year-on-year surge in revenue to ₹3,857 million for the financial year ended March 31, 2026, driven by operational revival across its mining logistics and terminal businesses. The company’s EBITDA increased 264% to ₹783 million, with the margin expanding to 20.3% from 9.7% in the previous year, reflecting significant improvements in operational efficiency and cost structures following the Pristine Group acquisition. The logistics player reduced its debt-to-equity ratio to 1.6x in FY26 from 4.1x in FY25, supported by a rights issue of ₹930.3 million and non-core asset sales. The audited financial results were approved by the board on May 29, 2026, and subsequently published in newspapers on May 30, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The audited consolidated financial results highlight a strong turnaround phase. Revenue growth was underpinned by robust performance in the mining logistics segment, which contributed ₹1,648 million, up 310% YoY, and the terminal business. The company’s focus on governance and financial discipline post-acquisition has resulted in a healthier bottom line and improved profitability metrics.

Business Overview and Growth

Sical Logistics operates a diversified portfolio spanning mining logistics, warehousing & 3PL, CFS, and MMLPs. During Q4FY26, the company secured an overburden removal order worth ₹34,222 million from South Eastern Coalfields Limited at the Porda-Chintapani Open Cast Project in Raigarh, Chhatisgarh, with a timeline of approximately 11 years. In March 2026, the Chennai CFS handled the highest ever volumes in a month. The company commenced commercial operations of its first private MMLP at Chennai in December 2025, strategically located to capture demand in the southern rail-linked logistics corridor.

Capital Structure and Disclosures

During the quarter, the company completed a rights issue of 14,53,57,790 equity shares of face value ₹10 each at an issue price of ₹64 per share, aggregating to approximately ₹9,303 lakhs. The issue was offered in the ratio of 11 rights equity shares for every 5 equity shares held by the public shareholders as on the record date of February 18, 2026. The statutory auditor, M/s SRSV & Associates, issued an unmodified opinion on the results. The company classified land and building assets worth ₹11,130 lakhs as held for sale, with proceeds intended for repayment of long-term borrowings.