Sical Logistics Limited has secured credit facilities totaling Rs 115 crore from Axis Bank Limited to refinance existing debt and support working capital requirements. The agreements were executed on July 02, 2026, following board approval granted on May 23, 2026. The funding structure includes a term loan of Rs 85 crore and working capital facilities amounting to Rs 30 crore.

The term loan of Rs 85 crore carries an interest rate of 9.25% per annum and has a tenure of nine years. Proceeds from this facility will be utilized for refinancing the term debt led by Aditya Birla Finance Limited. Security for this loan includes a first pari passu charge on the entire movable fixed assets of the company, excluding those exclusively funded by other lenders, and an average debt service reserve account covering three months of principal plus interest obligations.

Working Capital Facilities

The working capital facilities comprise a cash credit limit of Rs 15 crore and a bank guarantee facility of Rs 15 crore. Both facilities carry an interest rate of 8.25% per annum. The cash credit facility is valid for 12 months, subject to review and renewal, while the bank guarantee facility has a maximum tenure of four years inclusive of the claim period.

The cash credit facility will be utilized towards the working capital requirements of the company, whereas the bank guarantee facility will support general operations. Security for these working capital loans includes a first pari passu charge on the current assets of the company, present and future, shared with other banks.

The disclosures were made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Axis Bank Limited is not related to the promoter or promoter group of Sical Logistics , and the transactions are not considered related party transactions.

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.