Sical logistics has announced major financial decisions following its board meeting held on January 23, 2026. The logistics company's board approved a substantial rights issue and additional credit facilities to strengthen its financial position and support business expansion.

Rights Issue Approval

The board has approved raising funds through a rights issue of equity shares worth up to ₹110 crore. The key details of this fundraising initiative are presented below:

The rights issue will be conducted in accordance with the Companies Act, 2013, and Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, along with other applicable laws.

Credit Facilities Enhancement

Simultaneously, the board approved additional credit facilities from HDFC Bank Limited to support operational requirements:

These facilities will provide the company with enhanced financial flexibility to manage its operational cash flows and business requirements effectively.

Board Meeting Details

The board meeting was conducted on January 23, 2026, commencing at 11:30 a.m. and concluding at 4:00 p.m. The company has committed to making requisite disclosures relating to the additional credit facilities as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, upon execution of the required agreements.

Regulatory Compliance

Sical Logistics has ensured full compliance with regulatory requirements, with disclosures made in accordance with SEBI master circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company will host complete information on its website at sical.in and has informed both BSE Limited and National Stock Exchange of India Limited about these developments.

Sical Logistics Limited has strengthened its board composition with the appointment of Mr. Sharad Kumar as an additional director under the category of non-executive independent director, effective January 14, 2026. The appointment was formalized through a circular resolution approved and passed on January 14, 2026 at 05:54 p.m.

Director Appointment Details

The board appointment follows regulatory compliance under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The key details of the appointment are outlined below:

Professional Background and Qualifications

Mr. Sharad Kumar brings extensive experience in the financial services sector to Sical Logistics' board. His professional credentials include:

• Experience: Over 30 years in banking and financial services sector
• Previous Organizations: ICICI Bank, HDFC Bank, and Central Bank of India
• Educational Qualifications: Master's degree in Business Administration
• Professional Certification: Certified Associate of the Indian Institute of Bankers, awarded by the Indian Institute of Banking and Finance

Regulatory Compliance

The company has confirmed that Mr. Sharad Kumar meets all regulatory requirements for the position. According to BSE circular no. LIST/COMP/14/2018-19 dated June 20, 2018, and NSE circular no. NSE/CML/2018/24 dated June 20, 2018, Kumar is not debarred from holding the office of director by virtue of any order of the Securities and Exchange Board of India or any other authority.

Board Strengthening Initiative

The appointment represents Sical Logistics' commitment to enhancing board governance with experienced professionals from the financial services industry. Kumar's three-decade experience across leading banking institutions is expected to provide valuable insights for the company's strategic direction. The appointment is subject to formal approval by shareholders for the full three-year term as an independent director.

The disclosure has been made available on the company's website at sical.in, ensuring transparency and compliance with listing regulations.