Sical Logistics Limited's board of directors has approved a significant corporate guarantee to support its subsidiary's financing requirements. The decision was taken during a board meeting held on January 07, 2026, which commenced at 11:45 a.m. and concluded at 06:15 p.m.

Corporate Guarantee Details

The board has approved granting an unconditional and irrevocable corporate guarantee of ₹20.00 crores for its step-down material subsidiary, Sical Multimodal and Rail Transport Limited (SMART). This guarantee will secure SMART's credit facilities from CSB Bank Limited, enabling the subsidiary to meet its working capital and capital expenditure requirements.

Regulatory Compliance and Approval Process

The corporate guarantee decision was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The guarantee will only be issued after obtaining necessary approval from the company's shareholders, which will be sought in due course.

Financial Impact Assessment

According to the company's disclosure, the corporate guarantee is not expected to materially affect Sical Logistics. The company has stated that SMART will be able to generate sufficient cash flow to service any obligations arising from the credit facilities. Key financial implications include:

• The guarantee will be disclosed as a contingent liability in the company's books of account
• No material impact expected on the parent company's financial position
• SMART's expected cash generation capability to cover facility obligations

Transaction Structure

The guarantee arrangement involves no interest from promoters, promoter groups, or group companies, ensuring the transaction's independence. SMART, being a step-down material subsidiary of Sical Logistics, will utilize the credit facilities to strengthen its operational capabilities and support business expansion requirements.

The disclosure was signed by Vaishali Jain, Company Secretary and Compliance Officer, and the information has been made available on the company's website at sical.in for stakeholder reference.

Sical Logistics has completed the sale of non-core assets located in Tamil Nadu to Wisteria Towers Private Limited for ₹33.09 crore. This strategic divestment was executed in accordance with the company's resolution plan approved under the Insolvency and Bankruptcy Code.

Transaction Details

The asset sale was completed, with Wisteria Towers Private Limited as the buyer. The transaction represents a significant milestone in Sical Logistics' restructuring process following its resolution plan approval.

Buyer Information

Wisteria Towers Private Limited is a private limited company. The company's registered office is located in Chennai, Tamil Nadu.

Regulatory Compliance

The sale aligns with the resolution plan submitted by Pristine Malwa Logistics Park Private Limited, which was approved by the National Company Law Tribunal, Chennai bench, under Section 31 of the Insolvency and Bankruptcy Code, 2016. The tribunal's approval was granted through its order dated December 08, 2022.

The transaction does not fall within related party transactions, as the buyer does not belong to the promoter, promoter group, or group companies of Sical Logistics. The disclosure has been made under Regulation 30 of the listing regulations in compliance with SEBI requirements.

Strategic Impact

This asset divestment represents a crucial step in Sical Logistics' restructuring process under the approved resolution plan. The ₹33.09 crore proceeds provide the company with additional financial resources to strengthen its operational capabilities and focus on core logistics activities. The transaction demonstrates progress in the company's efforts to optimize its asset portfolio and improve its financial position following the resolution process.