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 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.