Sical Logistics Limited has initiated a postal ballot process to secure shareholder approval for material related party transactions (RPTs) and the creation of mortgages on subsidiary assets. The approvals are required to facilitate credit facilities aggregating up to ₹115,00,00,000/- (Rupees one hundred fifteen crore only) availed from Axis Bank Limited. These transactions involve guarantees provided by Sical Multimodal and Rail Transport Limited (“SMART”), a step-down material subsidiary, and Pristine Malwa Logistics Park Private Limited (“Pristine Malwa”), the immediate holding company. The move ensures the company maintains necessary liquidity and refinancing structures while complying with Securities and Exchange Board of India (SEBI) listing regulations regarding material RPTs.

The postal ballot notice, dated July 30, 2026, and dispatched on August 03, 2026, outlines three key resolutions for member approval via remote e-voting. The first ordinary resolution seeks approval for RPTs between Sical Logistics and SMART to secure the aforementioned Axis Bank facilities. The second special resolution approves the creation of a first pari-passu charge by way of mortgage over SMART’s land and building in Vallur, Chennai, as security for these facilities. Additionally, a second-ranking charge will be created over SMART’s land in Anuppampattu village to secure a working capital term loan of ₹5,60,83,000/- (Rupees five crore sixty lakh eighty-three thousand only) from HDFC Bank Limited under the emergency credit line guarantee scheme 5.0. The third ordinary resolution approves RPTs with Pristine Malwa, which will provide a corporate guarantee and pledge equity shares held by it to secure a term loan facility of ₹85,00,00,000/- (Rupees eighty-five crore only).

Transaction Details and Security Structure

The proposed transactions are structured to meet the security requirements mandated by Axis Bank Limited for extending the credit facilities. SMART, in which Sical Logistics indirectly holds a 53.60% stake, will provide an unconditional and irrevocable corporate guarantee for all secured obligations under the ₹115 crore facility. In return, SMART will create a first pari-passu charge over its land and building situated at Vallur, Chennai, Tamil Nadu. This asset serves as primary collateral for the bank’s exposure.

Pristine Malwa, holding 73.50% of Sical Logistics’ share capital, will secure the ₹85 crore term loan component. Its security package includes a pledge over equity shares of Sical Logistics sufficient to maintain a security cover of up to 1.25x of the term loan facility throughout its tenure. Pristine Malwa will also provide an unconditional corporate guarantee. The term loan facility has a door-to-door tenor of nine years, while the working capital component comprises a cash credit facility repayable on demand and a bank guarantee facility valid for up to four years.

Regulatory Compliance and Voting Process

The transactions qualify as material related party transactions under Regulation 2(1)(zb) and Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as their aggregate value exceeds 10% of Sical Logistics’ annual consolidated turnover. The audit committee approved the transactions on May 23, 2026, following review by the whole-time director and CFO, who certified that the terms are in the company’s best interest. The Board of Directors subsequently recommended the resolutions for shareholder approval.

Remote e-voting is facilitated by Central Depository Services (India) Limited (CDSL). The voting window opens at 09:00 a.m. IST on Thursday, August 06, 2026, and closes at 05:00 p.m. IST on Friday, September 04, 2026. Only members whose names appear in the register of members or beneficial owner lists as on the cut-off date of Friday, July 31, 2026, are eligible to vote. M/s KRA & Associates has been appointed as the scrutinizer to ensure a fair and transparent voting process. Results will be declared within two working days of the voting conclusion.

Sical Logistics Limited Sical Logistics Limited has appointed V.T. Doraivel Krishnan as its Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective July 30, 2026. The appointment strengthens the company’s financial leadership team and was approved by the Board of Directors at a meeting held on July 30, 2026. The decision follows recommendations from both the Nomination and Remuneration Committee and the Audit Committee.

The disclosure was made to the Bombay Stock Exchange and the National Stock Exchange of India Limited pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, which outlines the procedural requirements for such appointments.

Appointment Details

The Board formally inducted Mr. Krishnan into the role on July 30, 2026. This appointment addresses a critical leadership position within the company’s financial management structure. No relationships between directors were disclosed in connection with this appointment.

Professional Profile

V.T. Doraivel Krishnan brings over 30 years of experience in finance, treasury, statutory and regulatory compliance, strategic financial planning, budgeting, taxation, internal controls, and corporate finance. His professional background spans multiple sectors, including engineering, manufacturing, EPC, power, fertilizer, and infrastructure.

Regulatory Compliance

The company confirmed that all necessary procedural steps were completed during the board meeting, which commenced at 11:15 a.m. and concluded at 03:30 p.m. on July 30, 2026. The full details of the appointment are available on the company’s website at https://sical.in/ .