Sical Logistics Limited has successfully concluded its postal ballot process, with shareholders approving two critical resolutions through remote e-voting that concluded on January 09, 2026. The company announced the voting results on January 12, 2026, following scrutinizer validation of the electronic voting process.

Postal Ballot Overview

The postal ballot notice dated December 08, 2025, sought shareholder approval for two key business matters through remote e-voting facility provided by Central Depository Services (India) Limited. The voting process commenced on December 11, 2025, at 09:00 a.m. IST and concluded on January 09, 2026, at 05:00 p.m. IST.

Resolution 1: Director Re-appointment

The special resolution for re-appointing Mr. Seshadri Rajappan (DIN: 00862481) as whole-time director received overwhelming shareholder support. The resolution was passed with 99.98% votes in favour, demonstrating strong confidence in the leadership appointment.

Mr. Rajappan's re-appointment is for three consecutive years from January 11, 2026, to January 10, 2029, with remuneration up to ₹74.00 lakh per annum excluding perquisites as mentioned under Schedule V of the Companies Act, 2013.

Resolution 2: Related Party Transaction Modification

The ordinary resolution approving material modification in the related party transaction with Pristine Malwa Logistics Park Private Limited was passed with 97.36% votes in favour. This resolution involved modifying the lease arrangement for commercial equipment between the company and its immediate holding company.

The modified lease arrangement covers:

• Twenty-one commercial equipment for three years from March 2025 to February 2028
• Seventeen commercial equipment for three years from April 2025 to March 2028

Revised Lease Rent Structure

The approved modification includes reduced lease rent payable to Pristine Malwa:

Note: All amounts exclusive of applicable taxes

Scrutinizer Validation

M/s KRA & Associates, Practicing Company Secretaries, served as the appointed scrutinizer for the postal ballot process. The scrutinizer confirmed that both resolutions were passed with requisite majority, validating the electronic voting process conducted through CDSL's platform. The scrutinizer's report dated January 12, 2026, certified the fairness and transparency of the voting proceedings.

The voting results, scrutinizer's report, and minutes of postal ballot proceedings have been made available on the company's website and CDSL's e-voting portal for stakeholder reference.

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Sical Logistics Limited has successfully concluded its postal ballot proceedings, with shareholders approving two critical corporate resolutions through remote e-voting that concluded on January 09, 2026. The company announced the voting results on January 12, 2026, demonstrating strong shareholder support for key governance and operational decisions.

Postal Ballot Overview

The postal ballot process was conducted entirely through electronic voting, with the notice dated December 08, 2025. The company engaged Central Depository Services (India) Limited as the e-voting platform provider and appointed M/s KRA & Associates as the scrutinizer to ensure transparency in the voting process.

Resolution 1: Director Re-appointment

Shareholders overwhelmingly approved the re-appointment of Mr. Seshadri Rajappan (DIN: 00862481) as whole-time director through a special resolution. The appointment extends for three consecutive years from January 11, 2026, to January 10, 2029, with annual remuneration capped at ₹74.00 lakh excluding perquisites.

The resolution received exceptional support with 99.98% votes in favour, representing 91.01% of the company's total outstanding shares participating in the voting process.

Resolution 2: Related Party Transaction Modification

The second resolution, an ordinary resolution, approved modifications to the existing related party transaction with Pristine Malwa Logistics Park Private Limited, the company's immediate holding company. The modification involves leasing commercial equipment with revised terms and rental amounts.

Notably, the promoter group abstained from voting on this resolution due to their interest in the matter, as Pristine Malwa is the immediate holding company. Only public shareholders participated, with 97.36% voting in favour.

Modified Transaction Terms

The approved modifications include specific lease arrangements for commercial equipment:

Equipment Lease Details:

• 21 commercial equipment units leased from March 2025 to February 2028
• 17 commercial equipment units leased from April 2025 to March 2028

Revised Lease Rental Structure:

Note: All amounts exclude applicable taxes

Regulatory Compliance

The postal ballot was conducted in compliance with Sections 108 and 110 of the Companies Act, 2013, and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company dispatched notices electronically on December 09, 2025, and published newspaper notices on December 10, 2025.

The scrutinizer's report confirmed that both resolutions were passed with requisite majority, and the results have been made available on the company's website and CDSL's e-voting portal for stakeholder reference.

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