Sical Logistics has released the pledge on 3,28,43,780 equity shares held by its promoter, Pristine Malwa Logistics Park Private Limited. The release was executed on August 26, 2026, following the repayment of loans to lenders Aditya Birla Capital Limited, Arka Fincap Limited, and Piramal Finance Limited. This action removes encumbrances on 41.17% of the company’s total share capital.

The disclosure was filed with BSE and NSE by Catalyst Trusteeship Limited, acting as security trustee. The filing is made under Regulation 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The pledge had been created on June 17, 2025, under an Unattested Securities Pledge Agreement to provide a security cover of at least 1.25x. The removal of this encumbrance signifies that the immediate debt obligations secured by these shares have been settled.

Regulatory Disclosure Details

The filing references letters dated June 20, 2025, and July 14, 2025, submitted pursuant to Regulation 31(1) regarding the initial creation of the pledge and non-disposal undertaking. Post-release, the holding of the acquirer along with persons acting in concert stands at nil for encumbered shares.

What the Numbers Show

The release clears the pledge on 41.17% of the issued equity capital, which comprises 7,97,84,870 shares of face value ₹10 each. The promoter’s total holding in the target company is 5,86,41,903 shares, representing 73.5% of the total share capital. While the pledge on voting shares has been removed, a non-disposal undertaking covering 3,32,77,031 shares (41.71%) was also released. This structure maintains the required 51% holding threshold for control as per the HoldCo Undertaking cum Subordination Deed dated June 17, 2025, while freeing up pledged collateral.

Sical Logistics reported a strong financial turnaround in its Q1FY26 results, posting a consolidated net profit of ₹212.1 million (₹2,121 lakh) compared to a net loss of ₹30.4 million (₹304 lakh) in the corresponding period last year. Revenue from operations surged 36% year-on-year to ₹1,325.8 million (₹13,258 lakh), driven by robust operational performance.

The company's earnings before interest, taxes, depreciation, and amortization (EBITDA) nearly doubled to ₹423 million from ₹229 million in the prior year period. This expansion in operating profits was accompanied by a significant widening of margins, which rose to 31.95% from 23.51% year-on-year.

Financial highlights

The table below captures the key financial metrics for the quarter on a year-on-year basis.

What the numbers show

The data reveals a pronounced operating leverage effect during the quarter. While revenue growth stood at approximately 36%, EBITDA expanded by nearly 85%. This divergence indicates that fixed costs were effectively spread over a larger revenue base, allowing Sical Logistics to convert a disproportionate share of topline growth into bottom-line profit. The shift from a net loss to a substantial profit underscores improved operational efficiency alongside volume or rate improvements.

Corporate actions

The Board of Directors of Sical Logistics Limited approved the unaudited consolidated financial results for the quarter ended June 30, 2026, at its meeting held on August 14, 2026. The results were published in newspapers including Business Standard and Makkal Kural on August 15, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.