Sical Logistics Limited (SLL) has announced that its promoter, Pristine Malwa Logistics Park Private Limited, intends to sell a portion of its stake in the company to comply with minimum public shareholding requirements. This move comes as part of the company's efforts to adhere to regulatory norms following its acquisition earlier this year.

Stake Sale Details

Pristine Malwa Logistics Park Private Limited plans to sell 1,00,000 equity shares, representing 0.15% of Sical Logistics' total paid-up equity share capital. The sale is scheduled to take place in the open market from September 24 to September 30, 2025. This divestment aims to help the company meet the mandatory minimum public shareholding requirement of 25% as stipulated by Indian securities regulations.

Background and Regulatory Compliance

The stake sale is a consequence of Pristine Malwa's acquisition of a significant portion of Sical Logistics. On February 26, 2023, following the approval of its resolution plan by the National Company Law Tribunal on December 8, 2022, Pristine Malwa acquired 95% of Sical Logistics' total paid-up equity share capital.

Since the acquisition, Sical Logistics has been maintaining a minimum public shareholding of 10% during the prescribed period post-implementation of the approved resolution plan. This is in compliance with the proviso to Rule 19A(5) of the Securities Contracts (Regulations) Rules, 1957.

Promoter's Undertaking

In line with regulatory requirements, Pristine Malwa Logistics Park Private Limited has provided an undertaking to Sical Logistics. The promoter has committed not to purchase any shares in the open market during the sale period from September 24 to September 30, 2025. This undertaking, dated September 22, 2025, aligns with the Securities and Exchange Board of India (SEBI) master circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Regulatory Compliance Assurance

Sical Logistics has assured that it will ensure compliance with all applicable legal provisions, including:

• Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015
• Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

The company has stated that these regulations will be adhered to while undertaking the aforementioned transaction.

This strategic move by Sical Logistics and its promoter demonstrates their commitment to regulatory compliance and transparency in the Indian securities market.

Sical Logistics Limited , a company under the Pristine Group, has successfully completed the sale of non-core assets as part of its ongoing restructuring efforts. The transaction, which took place on September 4, 2025, involved the sale of 1.37 acres of vacant land located in Madhavaram Village, Chennai, for a consideration of Rs 29.00 crore.

Transaction Details

The sale was executed with M/s. Avantara Projects LLP, a limited liability partnership firm based in Chennai. Notably, the buyer is not affiliated with Sical Logistics' promoter or group companies, ensuring an arm's length transaction.

Alignment with Resolution Plan

This divestment aligns with the company's resolution plan, which was submitted by Pristine Malwa Logistics Park Private Limited and approved by the National Company Law Tribunal (NCLT), Chennai bench, in December 2022 under the Insolvency and Bankruptcy Code.

Asset Description

The sold property comprises a vacant land parcel measuring 1.37 acres, situated at T.S. No.13/1, Ward 'D', Block No.55 in Madhavaram Village and Taluk, Chennai District, Tamil Nadu.

Regulatory Compliance

In compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015, Sical Logistics has disclosed the following key details of the transaction:

Impact on Financials

The company reported that this non-core asset did not contribute to the turnover, revenue, income, or net worth during the last financial year.

This strategic move by Sical Logistics demonstrates the company's commitment to streamlining its operations and focusing on core business activities as outlined in its NCLT-approved resolution plan. The sale of non-core assets is expected to strengthen the company's financial position and support its ongoing restructuring efforts.