Sical Logistics Limited has scheduled a crucial board meeting for February 10, 2026, to finalize the specific terms and conditions of its rights issue worth Rs. 11,000 lakhs. The meeting represents a significant step forward in the company's capital raising initiative, following earlier board approval and subsequent postponements.

Rights Issue Framework

The rights issue involves the offer and issuance of equity shares with a face value of Rs. 10 each to eligible equity shareholders. The board meeting will address several critical aspects of the offering:

Key Decisions Pending

The February 10 board meeting will focus on determining essential components of the rights issue structure. The directors will deliberate on the rights issue price and establish the related payment mechanism for shareholders. Additionally, the board will decide on the rights entitlement ratio, which determines how many new shares existing shareholders can purchase relative to their current holdings.

The meeting agenda also includes setting the record date, which establishes eligibility for participation in the rights issue, and finalizing the timing for the entire offering process.

Timeline and Previous Developments

The rights issue received initial board approval during a meeting held on January 23, 2026. However, the company has experienced scheduling challenges, with meetings originally planned for February 3, 2026, being postponed twice before settling on the February 10 date.

Regulatory Compliance

The rights issue will be conducted in accordance with multiple regulatory frameworks, including the Companies Act 2013 and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations 2018. The company has indicated that final decisions remain subject to receiving in-principle approval from the stock exchanges.

Sical Logistics has fulfilled its disclosure obligations under the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 by notifying both BSE Limited and the National Stock Exchange of India Limited about the upcoming board meeting.

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.