Sical Logistics Limited promoter Pristine Malwa Logistics Park Private Limited created a pledge on 1,19,00,000 equity shares of the company. The transaction, executed through a depository mechanism, carries a value of ₹114.78 crore.

The disclosure was filed with stock exchanges on September 25, 2026, pursuant to Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The pledge creation date is recorded as September 23, 2026. This action falls under the category of continual disclosure for changes in holding by promoters.

Pledge details and shareholding structure

The promoter entity held 5,86,41,903 equity shares, representing 73.5% of the total shareholding, both prior to and post the pledge creation. The pledged shares constitute approximately 20.29% of the promoter's total holding. No change in the absolute number of shares held by the promoter was reported as a result of this transaction, as pledging does not involve transfer of ownership title unless invoked.

Regulatory compliance and reporting

The company confirmed receipt of Form C from the promoter group. The filing specifies that the value of the transaction excludes taxes, brokerage, and other charges. There were no trades in derivatives involving the securities of Sical Logistics by the promoter or designated persons during the reporting period.

What the numbers show

The pledged amount represents a significant portion of the promoter's stake, accounting for roughly one-fifth of their total holding. With the promoter retaining a 73.5% stake post-pledge, the control over the company remains unaffected by this specific financial instrument. The implied price per share for the pledge valuation is approximately ₹964.50, derived from the total value of ₹114.78 crore against 1,19,00,000 shares.

Sical Logistics Limited concluded its remote e-voting process for a postal ballot on September 4, 2026. The vote sought shareholder approval for key corporate actions involving related parties.

The voting window closed at 5:00 pm IST. Central Depository Services (India) Limited facilitated the electronic voting process. M/s. KRA & Associates acted as the independent scrutinizer to ensure transparency.

Resolutions Put to Vote

Shareholders voted on three specific resolutions during the period between August 6 and September 4, 2026. The proposals involved transactions with both subsidiary and holding entities.

Sical Multimodal and Rail Transport Limited is a step-down material subsidiary of the company. Pristine Malwa Logistics Park Private Limited serves as the immediate holding company.

Procedural Compliance

The Board of Directors approved the Postal Ballot Notice in its meeting held on July 30, 2026. The notice was dispatched electronically on August 3, 2026. It targeted members registered as of July 31, 2026.

The company published notices in Business Standard and Makkal Kural on August 4, 2026. This complied with regulatory requirements under the Companies Act, 2013, and SEBI Listing Regulations. The final results will be declared based on the scrutinizer’s report.