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.

Source: Exclusive content

Sical Logistics Limited has successfully concluded its postal ballot voting process, with shareholders approving both resolutions presented in the notice dated December 08, 2025. The remote e-voting concluded on January 09, 2026, at 05:00 p.m. IST, with results announced on January 12, 2026.

Voting Results Overview

The postal ballot covered two critical corporate governance matters, both of which received strong shareholder support. The company had 40,652 total shareholders on the record date of December 05, 2025, with the cut-off date serving as the eligibility criterion for e-voting participation.

Director Re-appointment Resolution

The special resolution for re-appointing Mr. Seshadri Rajappan (DIN: 00862481) as whole-time director received overwhelming shareholder approval. The resolution garnered support from shareholders representing 91.01% of the company's total outstanding shares.

Mr. Rajappan will serve as whole-time director for three consecutive years from January 11, 2026, to January 10, 2029, with annual remuneration up to ₹74.00 lakh excluding perquisites as mentioned under Section IV of Part II of Schedule V of the Companies Act, 2013.

Related Party Transaction Modification

The ordinary resolution addressing modifications to the related party transaction with Pristine Malwa Logistics Park Private Limited, the company's immediate holding company, was approved with 97.36% of votes cast in favor. Notably, the promoter and promoter group abstained from voting on this resolution due to their interest in the matter.

The approved modifications involve reducing the number of leased commercial equipment and adjusting lease rent payments. The transaction covers 21 commercial equipment leased from March 2025 to February 2028, and 17 commercial equipment leased from April 2025 to March 2028.

Lease Rent Structure

The modified lease rent structure for the related party transaction establishes clear financial parameters for the three-year period:

• Financial Year 2025-26: Up to ₹21.08 crore (exclusive of applicable taxes)
• Financial Year 2026-27: Up to ₹15.67 crore (exclusive of applicable taxes)
• Financial Year 2027-28: Up to ₹15.01 crore (exclusive of applicable taxes)

Process and Compliance

The postal ballot process 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. M/s. KRA & Associates, Practicing Company Secretaries, served as the scrutinizer for the e-voting process, ensuring transparency and fairness.

Central Depository Services (India) Limited (CDSL) facilitated the remote e-voting platform, with the postal ballot notice distributed electronically to eligible shareholders on December 09, 2025. The company published notices in Business Standard (English) and Makkal Kural (Tamil) newspapers on December 10, 2025, informing shareholders about the voting process.

The voting results, scrutinizer's report, and minutes of postal ballot proceedings are available on the company's website at sical.in and CDSL's e-voting portal at evotingindia.com, ensuring transparency and accessibility for all stakeholders.

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