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.

Sical Logistics Limited , a prominent player in port and terminal operations, surface logistics, mining, and cold chain solutions, has released its unaudited consolidated financial results for the first quarter. The company's performance shows a mixed picture, with substantial revenue but a significant net loss.

Financial Highlights

Performance Analysis

Despite generating a total income of ₹4,622.00 lakhs from operations, Sical Logistics faced challenges that resulted in a net loss of ₹1,130.00 lakhs for the quarter. The company's EBITDA stood at ₹418.00 lakhs, indicating positive operational performance before accounting for interest, taxes, depreciation, and amortization.

The earnings per share (EPS) for the quarter was negative at ₹(0.65), reflecting the impact of the net loss on shareholder value. However, the company maintains a solid net worth of ₹6,525.00 lakhs, which could provide some financial stability as it navigates through these challenging times.

Board Approval and Disclosure

The board of directors of Sical Logistics Limited approved these financial results on August 8. In compliance with regulatory requirements, the company has published the results in newspapers as mandated by the Securities and Exchange Board of India (SEBI).

Transparency and Compliance

As part of its commitment to transparency and adherence to regulatory standards, Sical Logistics has made the following disclosures:

1. The financial results were published in Business Standard (English) on August 09.
2. The results were also published in Makkal Kural (Tamil) on the same date, ensuring wide dissemination in the local language.

These publications are in line with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Looking Ahead

While the first quarter results show a net loss, Sical Logistics' diverse operations in port and terminal operations, surface logistics, mining, and cold chain solutions position it to potentially capitalize on various sectors of the economy. The company's ability to generate substantial revenue suggests underlying operational strength, though profitability remains a challenge to be addressed.

Investors and stakeholders will likely be watching closely to see how Sical Logistics plans to improve its bottom line in the coming quarters while maintaining its operational capabilities across its diverse business segments.