Sical Logistics Limited has strengthened its board composition with the appointment of Mr. Sharad Kumar as an additional director under the category of non-executive independent director, effective January 14, 2026. The appointment was formalized through a circular resolution approved and passed on January 14, 2026 at 05:54 p.m.

Director Appointment Details

The board appointment follows regulatory compliance under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The key details of the appointment are outlined below:

Professional Background and Qualifications

Mr. Sharad Kumar brings extensive experience in the financial services sector to Sical Logistics' board. His professional credentials include:

• Experience: Over 30 years in banking and financial services sector
• Previous Organizations: ICICI Bank, HDFC Bank, and Central Bank of India
• Educational Qualifications: Master's degree in Business Administration
• Professional Certification: Certified Associate of the Indian Institute of Bankers, awarded by the Indian Institute of Banking and Finance

Regulatory Compliance

The company has confirmed that Mr. Sharad Kumar meets all regulatory requirements for the position. According to BSE circular no. LIST/COMP/14/2018-19 dated June 20, 2018, and NSE circular no. NSE/CML/2018/24 dated June 20, 2018, Kumar is not debarred from holding the office of director by virtue of any order of the Securities and Exchange Board of India or any other authority.

Board Strengthening Initiative

The appointment represents Sical Logistics' commitment to enhancing board governance with experienced professionals from the financial services industry. Kumar's three-decade experience across leading banking institutions is expected to provide valuable insights for the company's strategic direction. The appointment is subject to formal approval by shareholders for the full three-year term as an independent director.

The disclosure has been made available on the company's website at sical.in, ensuring transparency and compliance with listing regulations.

Sical Logistics witnessed a significant surge in its stock price, hitting the upper circuit limit after announcing a major contract win worth ₹4,038 crores. The integrated logistics solutions provider's shares jumped 5% to ₹93.30 from the previous close of ₹88.90, reflecting strong investor confidence in this substantial order win.

Major Contract Win Details

The company secured a Letter of Acceptance dated January 12, 2026, from South Eastern Coalfields Limited for operations at the Porda Chimtapani Open Cast Project in Raigarh, Chhattisgarh. This contract represents one of the largest project wins in the company's history and significantly strengthens its position in the coal logistics and mining services segment.

The contract's extended execution period of 4,214 days provides strong long-term revenue visibility and earnings stability, with potential annual revenue of approximately ₹336 crores over the next 11 years.

Recent Corporate Developments

Beyond the major contract win, Sical Logistics has undertaken several strategic initiatives. The company's board approved the issuance of an unconditional and irrevocable corporate guarantee of up to ₹20 crores in favor of CSB Bank Limited. This guarantee supports credit facilities for its step-down subsidiary, Sical Multimodal and Rail Transport Limited (SMART), including a ₹10 crore cash credit limit and a ₹10 crore term loan with an eight-year tenure.

Additionally, the company completed the sale of non-core land assets measuring 5.52 acres in Trichy, Tamil Nadu, as part of its NCLT-approved resolution plan, supporting balance sheet strengthening and financial consolidation.

Strong Financial Performance

Sical Logistics has demonstrated impressive financial turnaround in recent quarters. The company's financial metrics show substantial improvement across key parameters:

The company has also made significant progress in debt reduction, bringing down its debt levels from ₹1,200-1,700 crores in FY21 and FY22 to ₹607 crores as of Q2FY26.

Company Overview and Market Position

Incorporated in 1955 and headquartered in Chennai, Sical Logistics operates as one of India's leading integrated logistics solutions providers. The company offers comprehensive end-to-end logistics services across multiple segments, including Container Freight Station (CFS) operations, Coastal Shipping, Container Rail services, Integrated Logistics solutions, Mining services, and Offshore Logistics.

With a current market capitalization of ₹609 crores, the company maintains a strong presence across ports, rail, road, and marine logistics, serving diverse sectors such as infrastructure, energy, and commodities. The stock has delivered a compounded return of 123% over the last three years, demonstrating consistent value creation for shareholders.