Sical Logistics Limited shareholders approved all four resolutions at the 71st Annual General Meeting held on September 30, 2026. The meeting, conducted via video conferencing, saw the adoption of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026.

The voting results indicate strong promoter support, with the promoter group casting 58,641,903 votes in favor of every resolution. Public non-institutional shareholders participated actively through e-voting, recording 2,284,133 votes polled. The total votes cast across all categories amounted to 60,926,322, representing 76.36% of the total outstanding shares.

Resolutions passed

The meeting addressed four key agenda items, all of which were passed with the requisite majority. The resolutions covered financial adoption, board composition changes, auditor appointment, and director remuneration approvals.

Auditor appointment details

Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, the company disclosed the specific details of the statutory auditor change. Members approved the appointment of M/s. CNGSN & Associates LLP, Chartered Accountants (ICAI Firm Registration No: 004915S), as Statutory Auditors.

The new auditors will hold office from the conclusion of the 71st AGM until the conclusion of the 76th AGM, a term of 5 years, in accordance with Section 139 of the Companies Act, 2013. This appointment follows the completion of the tenure of the previous auditors, M/s. SRSV & Associates (Firm Registration No. 015041S), who served until September 30, 2026. The company placed on record its appreciation for their valuable contribution during their tenure.

Profile of incoming auditor

M/s. CNGSN & Associates LLP is a limited liability partnership registered with the Institute of Chartered Accountants of India. Established in 1990 with its registered office in Chennai, the firm has 10 partners and holds a valid peer review certificate. It provides statutory audit, internal audit, taxation, and management consulting services to diverse Indian and multinational clients.

Voting participation details

The scrutinizer’s report highlighted a clear divergence in voting patterns between promoter and public shareholders. While promoters voted unanimously in favor, public non-institutional investors recorded minimal dissent. Specifically, 145 votes were cast against the resolutions by public non-institutional shareholders, while 2,284,274 votes were cast in favor. Institutional public shareholders did not participate in the e-voting process for any of the four resolutions.

Chairman highlights growth and expansion

In his address, Chairman Satishkumarreddy Mulamreddy described FY26 as a year of strong transformation and growth. He reported that the company achieved revenue of ₹3,857 million, EBITDA of ₹783 million, and profit of ₹492 million. The performance was driven by improved operational efficiency and business expansion across mining logistics, CFS, warehousing, and integrated logistics segments.

Key milestones cited included the successful ₹930 million rights issue and the commencement of operations at the Chennai Multi-Modal Logistics Park. The Chairman emphasized the company's focus on sustainable growth, technology-led integration, and creating long-term value for shareholders.

What the numbers show

A concentration of voting power is evident in the data: the promoter and promoter group held 58,641,903 shares out of the total 79,784,870 outstanding shares, accounting for approximately 73.5% of the equity base. This dominant holding ensured that all resolutions passed easily, as their unanimous support alone constituted a simple majority for ordinary resolutions and a significant portion of the special resolution threshold. The negligible dissent from public shareholders (145 votes) had no impact on the outcome.

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, is linked to securing a term loan facility of ₹85 crore from Axis Bank Limited.

The pledge is in favour of CTL Trusteeship Limited acting as the security trustee for the benefit of Axis Bank Limited. This disclosure was filed with stock exchanges on September 28, 2026, pursuant to Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The underlying Unattested Securities Pledge Agreement was dated September 15, 2026, with the depository entry recorded on September 23, 2026.

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 and 14.92% of the company's total diluted share capital. 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 disclosure was made by Pristine Malwa Logistics Park Private Limited under Regulation 31(1) read with Regulation 31(2) of the Takeover Regulations. The filing specifies that the encumbrance was created to secure the term loan facility availed by Sical Logistics Limited from Axis Bank Limited. There were no trades in derivatives involving the securities of Sical Logistics by the promoter or designated persons during the reporting period. The total equity share capital of the company remains unchanged at ₹79.78 crore comprising 7,97,84,870 equity shares of face value ₹10 each.

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 new data clarifies that the pledge serves as collateral for a specific ₹85 crore debt obligation undertaken by the company itself, rather than just a general financing arrangement. The implied valuation per share based on the loan amount is approximately ₹714.28, derived from the ₹85 crore loan against 1,19,00,000 shares. The involvement of Axis Bank as the ultimate beneficiary highlights the direct link between the company's debt financing structure and the promoter's collateralized holdings.