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

Sical Logistics Limited has published mandatory newspaper advertisements regarding its upcoming rights issue, marking a significant corporate development for the Chennai-based logistics company. The advertisements were published on February 23, 2026, across multiple newspapers in compliance with regulatory requirements.

Rights Issue Details

The company is offering up to 1,45,35,730 fully paid-up equity shares of face value ₹10 each for cash at an issue price of ₹64 per rights equity share. This pricing includes a premium of ₹54 per rights equity share, making the issue price 6.4 times the face value of the equity share.

Issue Timeline and Process

The rights issue follows a structured timeline with specific dates for various activities. Public shareholders holding equity shares on the record date will be eligible to participate in the issue.

The rights entitlements will be credited to the demat accounts of eligible public shareholders, and the issue will be conducted through the ASBA (Applications Supported by Blocked Amount) process. Public shareholders can renounce their rights entitlements either through on-market renunciation via stock exchanges or through off-market transfers.

Regulatory Compliance and Publication

The newspaper advertisements were published in compliance with Regulation 84(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The company published the advertisements in three newspapers covering different linguistic regions:

Key Participants and Infrastructure

Cameo Corporate Services Limited serves as the Registrar to the Issue, with their office located in Chennai. The company's existing equity shares are listed and traded on BSE (Scrip Code: 520086) and NSE (Symbol: SICALLOG). The Letter of Offer dated February 19, 2026, has been filed with both stock exchanges and SEBI, and is available on their respective websites along with the company's website.

Important Considerations

The company has emphasized that public shareholders holding equity shares in physical form must furnish details of their demat accounts to the registrar at least two working days prior to the issue closing date to remain eligible for application. All rights equity shares will be allotted only in dematerialized form, and the issue includes provisions for specific investors as detailed in the Letter of Offer.