Sical Logistics Limited has announced the receipt of a major contract worth ₹4,038.18 crores from South Eastern Coalfields Limited for coal mining operations. The company received the Letter of Acceptance on January 12, 2026, marking a significant milestone in its business operations.

Contract Details and Scope

The awarded contract pertains to the Porda Chimtapani Open Cast Project located in Raigarh, Chhattisgarh. The comprehensive project details are outlined below:

Project Specifications

The contract involves execution of work as per the tender document specifications issued by South Eastern Coalfields Limited. This domestic contract represents one of the significant project wins for Sical Logistics in the coal mining sector. The project will be executed entirely within Indian territory, specifically at the Chhattisgarh location.

Corporate Governance and Compliance

Sical Logistics has confirmed that this contract maintains full compliance with corporate governance standards. Key compliance aspects include:

• No promoter, promoter group, or group company interests in the awarding entity
• The contract does not fall under related party transactions
• Full adherence to arm's length transaction principles
• Complete transparency in the bidding and award process

Regulatory Disclosure

The company has made this disclosure pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was signed by Vaishali Jain, Company Secretary and Compliance Officer, ensuring proper regulatory compliance and stakeholder communication.

This substantial contract award demonstrates Sical Logistics' capabilities in handling large-scale coal mining projects and strengthens its position in the domestic logistics and mining services sector.

Sical Logistics Limited has successfully concluded its postal ballot proceedings on January 09, 2026, at 05:00 p.m. IST, in compliance with Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company conducted the voting process entirely through electronic means, providing shareholders with remote e-voting facility to participate in crucial corporate decisions.

Postal Ballot Resolutions

The postal ballot covered two significant resolutions requiring shareholder approval:

The board of directors had approved the postal ballot notice on December 08, 2025, initiating the process for seeking shareholder approval through remote e-voting exclusively.

E-Voting Process and Timeline

Sical Logistics engaged Central Depository Services (India) Limited (CDSL) to facilitate the remote e-voting process. The company appointed M/s KRA & Associates, Company Secretaries (Firm Registration Number P2020TN082800) as scrutinizer to conduct the postal ballot proceedings in a fair and transparent manner.

The postal ballot notice was distributed electronically to members whose names appeared in the register of members maintained by the company and its Registrar and Share Transfer Agent, Cameo Corporate Services Limited, as well as the depositories NSDL and CDSL.

Regulatory Compliance and Publication

The company ensured full compliance with applicable provisions of the Companies Act, 2013, Companies (Management and Administration) Rules, 2014, and MCA circulars. The postal ballot notice received publication in Business Standard (English) and Makkal Kural (Tamil) newspapers on December 10, 2025, following the electronic dispatch to shareholders.

CDSL disabled the e-voting facility immediately after 05:00 p.m. IST on January 09, 2026, marking the official conclusion of the voting period. No further voting was permitted thereafter.

Next Steps and Result Declaration

The scrutinizer will complete the scrutiny of e-voting and submit their comprehensive report on the remote voting process. Based on this scrutinizer's report, Sical Logistics will declare the official voting results. The company will submit both the voting results and scrutinizer's report to stock exchanges within prescribed timelines as per regulatory requirements.

The voting results and scrutinizer's report will be made available on the company's website at https://sical.in/ and CDSL's website at www.evotingindia.com for public access and transparency.