Sical Logistics Limited has published mandatory newspaper advertisements regarding its upcoming rights issue, marking a significant corporate development for the Chennai-based logistics company. The advertisements were published on February 23, 2026, across multiple newspapers in compliance with regulatory requirements.

Rights Issue Details

The company is offering up to 1,45,35,730 fully paid-up equity shares of face value ₹10 each for cash at an issue price of ₹64 per rights equity share. This pricing includes a premium of ₹54 per rights equity share, making the issue price 6.4 times the face value of the equity share.

Issue Timeline and Process

The rights issue follows a structured timeline with specific dates for various activities. Public shareholders holding equity shares on the record date will be eligible to participate in the issue.

The rights entitlements will be credited to the demat accounts of eligible public shareholders, and the issue will be conducted through the ASBA (Applications Supported by Blocked Amount) process. Public shareholders can renounce their rights entitlements either through on-market renunciation via stock exchanges or through off-market transfers.

Regulatory Compliance and Publication

The newspaper advertisements were published in compliance with Regulation 84(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The company published the advertisements in three newspapers covering different linguistic regions:

Key Participants and Infrastructure

Cameo Corporate Services Limited serves as the Registrar to the Issue, with their office located in Chennai. The company's existing equity shares are listed and traded on BSE (Scrip Code: 520086) and NSE (Symbol: SICALLOG). The Letter of Offer dated February 19, 2026, has been filed with both stock exchanges and SEBI, and is available on their respective websites along with the company's website.

Important Considerations

The company has emphasized that public shareholders holding equity shares in physical form must furnish details of their demat accounts to the registrar at least two working days prior to the issue closing date to remain eligible for application. All rights equity shares will be allotted only in dematerialized form, and the issue includes provisions for specific investors as detailed in the Letter of Offer.

Sical Logistics Limited announced its unaudited financial results for the quarter ended December 31, 2025, showcasing a remarkable turnaround in profitability. The Chennai-based integrated logistics services provider reported strong quarterly performance alongside strategic capital raising initiatives. The results were reviewed by the audit committee and approved by the board of directors at their meeting held on February 13, 2026.

Financial Performance Highlights

The company delivered exceptional results for Q3FY26, driven primarily by significant exceptional gains during the quarter.

The standout performance was significantly influenced by exceptional gains of Rs. 5,559 lakhs from the sale of land during the quarter. Without this exceptional item, the company would have reported a loss before exceptional items of Rs. 781 lakhs for Q3FY26.

Nine Months Performance

For the nine months ended December 31, 2025, the company demonstrated strong operational momentum:

Consolidated Results

On a consolidated basis, the company's performance remained robust across its group entities:

Rights Issue Details

The board confirmed the rights issue approved on February 12, 2026, with clarificatory updates to the terms. The rights issue is exclusively for public shareholders, with promoters forgoing their entitlement:

Regulatory Compliance

Pursuant to Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published its unaudited consolidated financial results in newspapers on February 15, 2026. The publication details are:

The company formally notified BSE Limited and National Stock Exchange of India Limited about the newspaper publications through official communication dated February 16, 2026.

Operational Developments

The group achieved a significant operational milestone during the quarter. Through its subsidiary Sical Multimodal and Rail Transport Limited, the company commissioned a new Gati Shakti Cargo Terminal at Anuppampattu Village near Ponneri, Tamil Nadu. The terminal became operational in December 2025 upon receiving necessary approvals from Southern Railways, with capital work-in-progress of Rs. 7,468 lakhs being capitalised during the current quarter.

Business Segment Focus

Sical Logistics continues to focus on integrated logistics services as its primary business segment. The company operates exclusively within India, with no separate geographical segments requiring reporting under Ind AS 108. The strong revenue growth reflects the company's expanding market presence and operational capabilities in the logistics sector. The financial results were prepared in accordance with Indian Accounting Standards and reviewed by statutory auditor SRSV & Associates.