News Corporate Actions Sical Logistics Announces Rs 928 Crore Rights Issue with Record Date February 18, 2026Sical Logistics Announces Rs 928 Crore Rights Issue with Record Date February 18, 2026
Sical Logistics Limited board approved a rights issue of 1,44,99,796 equity shares at Rs 64 per share to raise up to Rs 92,79,86,944. The record date is set for February 18, 2026, with rights entitlement ratio of 2:9. The issue opens February 26, 2026, and closes March 10, 2026, with full payment required on application.
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Sical Logistics Limited has announced a comprehensive rights issue to raise capital, with the board of directors approving key details including pricing, timeline, and entitlement structure. The company received in-principal approval from stock exchanges on February 11, 2026, paving the way for the capital raising exercise.
Rights Issue Structure and Pricing
The rights issue involves fully paid-up equity shares with a face value of Rs 10 each, priced at Rs 64 per share including a premium of Rs 54 per share. The company plans to issue 1,44,99,796 equity shares, targeting an aggregate amount not exceeding Rs 92,79,86,944 assuming full subscription.
| Parameter: | Details |
|---|---|
| Issue Size: | 1,44,99,796 equity shares |
| Face Value: | Rs 10 per share |
| Issue Price: | Rs 64 per share |
| Premium: | Rs 54 per share |
| Total Amount: | Up to Rs 92,79,86,944 |
Entitlement and Record Date
Shareholders will receive rights entitlements based on a ratio of 2 rights equity shares for every 9 equity shares held on the record date. The record date has been set for Wednesday, February 18, 2026, which will determine the shareholders eligible to receive rights entitlements.
Fractional entitlements will not be considered for computation purposes. However, eligible public equity shareholders whose fractional entitlements are ignored will receive preference in allotment of one additional rights equity share if they apply for additional shares beyond their rights entitlement.
Subscription Timeline and Payment
The rights issue will open for subscription on Thursday, February 26, 2026, and close on Tuesday, March 10, 2026. The full amount of Rs 64 per rights equity share, including the premium, will be payable on application along with the application form.
| Timeline: | Date |
|---|---|
| Record Date: | February 18, 2026 |
| Issue Opening: | February 26, 2026 |
| Issue Closing: | March 10, 2026 |
| Payment: | Full amount on application |
Regulatory Compliance and Documentation
The rights issue has been structured in accordance with the Companies Act, 2013, and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The company will file a detailed letter of offer containing all terms and conditions of the rights issue.
The ISIN for rights entitlements will be communicated in due course. All information related to the rights issue will be hosted on the company's website at sical.in for investor reference and compliance with listing obligations.
Historical Stock Returns for Sical Logistics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.33% | +2.24% | +5.80% | -12.27% | -15.68% | -9.80% |
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