Sical Logistics Board Approves ₹110 Crore Rights Issue and ₹25 Crore Credit Facilities
Sical Logistics Limited's board approved a ₹110 crore rights issue of equity shares with ₹10 face value and ₹25 crore additional credit facilities from HDFC Bank during their January 23, 2026 meeting. The rights issue is subject to regulatory approvals under Companies Act 2013 and SEBI regulations, while the credit facilities will support business requirements through fund-based and non-fund based arrangements.
*this image is generated using AI for illustrative purposes only.
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:
| Parameter: | Details |
|---|---|
| Issue Amount: | Up to ₹110.00 crore |
| Share Face Value: | ₹10.00 each |
| Issue Type: | Rights Issue |
| Regulatory Framework: | Companies Act 2013, SEBI ICDR Regulations 2018 |
| Approval Status: | Subject to regulatory and statutory approvals |
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:
| Facility Details: | Specifications |
|---|---|
| Total Amount: | Up to ₹25.00 crore |
| Facility Types: | Fund-based and non-fund based |
| Lender: | HDFC Bank Limited |
| Purpose: | Meeting business 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.
Historical Stock Returns for Sical Logistics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.60% | -4.41% | -13.50% | +30.58% | 0.0% | +633.94% |
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