Sical Logistics Limited has officially notified the BSE and NSE about the completion of its rights issue period, marking the end of a corporate action that spanned approximately two weeks in early 2026.

Rights Issue Timeline and Structure

The rights issue period commenced on February 26, 2026 at 09:00 a.m. IST and concluded on March 10, 2026 at 05:00 p.m. IST. The offering involved equity shares with a face value of Rs.10.00 each, structured in accordance with applicable regulatory frameworks.

Board Approvals and Regulatory Compliance

The rights issue received comprehensive board approval through a series of meetings conducted in early 2026. The initial approval was granted during the board meeting held on January 23, 2026, where directors approved the offer and issuance of equity shares through the rights route.

Subsequent board meetings on February 12, 2026 and February 13, 2026 addressed various operational matters and minor corrections to the rights issue terms respectively. The company ensured full compliance with the Companies Act, 2013, SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and other applicable laws.

Corporate Communication

The intimation was signed by Vaishali Jain, Company Secretary and Compliance Officer, who holds ICSI Membership No. A58607. The company has indicated that relevant information regarding the rights issue will be made available on its official website at sical.in.

Company Profile

Sical Logistics Limited operates with CIN L51909TN1955PLC002431 and maintains its registered office at South India House, 73 Armenian Street, Chennai - 600001. The company's shares are listed on both BSE (Scrip Code: 520086) and NSE (Symbol: SICALLOG) under the BE series.

Sical Logistics Limited has issued a comprehensive postal ballot notice dated March 06, 2026, seeking shareholder approval for significant corporate transactions and board appointments through remote e-voting exclusively.

Key Resolutions for Shareholder Approval

The postal ballot encompasses four critical resolutions that require member consent:

Material Related Party Transactions

The company is seeking approval for substantial related party transactions totaling Rs. 45.00 crore. The first resolution involves providing an unconditional and irrevocable corporate guarantee for Sical Multimodal and Rail Transport Limited (SMART), a step-down material subsidiary, to secure credit facilities aggregating up to Rs. 20,00,00,000/- from CSB Bank Limited.

Additionally, the company requires approval for creating a first pari-passu charge by way of mortgage on SMART's land situated at Anuppampattu village, Ponneri, Thiruvallur district, Tamil Nadu, to secure the same credit facilities.

The third resolution pertains to material related party transactions with Pristine Magadh Infrastructure Private Limited (PMIPL), a fellow subsidiary company. PMIPL will provide security through an exclusive charge on its leasehold property at village Bihta, Patna, Bihar, and an unconditional corporate guarantee for the company's credit facilities worth Rs. 25,00,00,000/- from HDFC Bank Limited.

Independent Director Appointment

The company seeks approval for appointing Mr. Sharad Kumar (DIN: 11286544) as an independent director for a three-year term from January 14, 2026, to January 13, 2029. Mr. Kumar brings over 30 years of experience in the banking and financial services sector, having worked with leading institutions including ICICI Bank Limited, HDFC Bank Limited, and Central Bank of India.

E-Voting Schedule and Process

The remote e-voting facility will be available exclusively through CDSL platform during the specified period:

The postal ballot notice has been sent only in electronic mode to members whose email addresses are registered with the company, its Registrar and Share Transfer Agent (Cameo Corporate Services Limited), or depositories (NSDL and CDSL). Physical copies are not being dispatched in compliance with MCA circulars.

Financial Context and Justification

The proposed transactions represent significant percentages of the company's operations. The SMART-related guarantee represents 9.02% of the company's annual consolidated turnover for the financial year ended March 31, 2025, while the PMIPL transactions constitute 11.27% of the same turnover base.

Both transactions have been approved by the audit committee and recommended by the board of directors. The company's audit committee reviewed certificates from the whole-time director and CFO confirming that the proposed material related party transactions are in the company's interest.

The results of the remote e-voting will be declared within two working days from the conclusion of the voting period and will be communicated to BSE Limited and National Stock Exchange of India Limited, where the company's shares are listed.

Source: None/Company/INE075B01020/3b4a3e5e-ca1f-4fff-b1fd-818b94c548e7.pdf