Sical Logistics has secured a major contract worth ₹40.38 billion from South Eastern Coalfields Limited (SECL), marking a significant milestone for the logistics company. This substantial contract award demonstrates the company's growing capabilities in the coal transportation and logistics sector.

Contract Details

The contract details are summarized below:

Strategic Significance

This contract award represents a major business development for Sical Logistics, significantly expanding its operations in the coal sector. South Eastern Coalfields Limited, being one of the largest coal-producing subsidiaries of Coal India Limited, offers substantial opportunities for logistics service providers.

The ₹40.38 billion contract value indicates the scale and duration of services that Sical Logistics will be providing to SECL. This partnership is expected to strengthen the company's position in the coal transportation and logistics segment, which forms a crucial part of India's energy infrastructure.

Business Impact

The contract win positions Sical Logistics to leverage its expertise in handling bulk commodities, particularly coal transportation services. This development aligns with the company's focus on expanding its presence in the logistics sector, especially in serving major public sector enterprises involved in coal production and distribution.

The partnership with South Eastern Coalfields Limited provides Sical Logistics with a substantial revenue opportunity and reinforces its capabilities in managing large-scale logistics operations for the coal industry.

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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