Sical Logistics Limited has announced the resignation of its independent director Mr. Vinay Kumar Pabba, effective January 09, 2026. The resignation was communicated to BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Director Resignation Details

The key aspects of Mr. Pabba's resignation are outlined in the regulatory filing:

Impact on Board Committees

Following his resignation, Mr. Pabba has ceased to be the chairman/member of various committees of the company. The resignation letter, dated January 09, 2026, from Hyderabad, stated his intention to step down from the independent directorship with immediate effect on personal grounds.

Regulatory Compliance

Sical Logistics has fulfilled its disclosure obligations by providing comprehensive details as required under SEBI regulations:

• Resignation confirmation: Mr. Pabba confirmed there are no material reasons for his resignation other than those mentioned in his resignation letter
• Other directorships: The filing indicates he holds no directorships in other listed entities
• Documentation: Complete resignation letter and regulatory annexures have been submitted

Director's Statement

In his resignation letter, Mr. Pabba expressed satisfaction with his tenure, stating it had been "deeply satisfying" to be part of Sical's growth in its new phase post-insolvency. He mentioned enjoying the journey and indicated he would cherish the experience with the company.

Corporate Information

The announcement was signed by Vaishali Jain, Company Secretary and Compliance Officer, with ICSI Membership No. A58607. The information has also been hosted on the company's website at sical.in as part of standard disclosure practices.

Sical Logistics Limited has paid a fine of ₹5,900 to stock exchanges BSE and NSE for delayed compliance with SEBI regulations regarding related party transaction disclosures. The company's board addressed the matter in its meeting held on January 07, 2026, following notices from both exchanges dated December 16, 2025.

Compliance Delay Details

The non-compliance pertained to Regulation 23(9) of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, for the half-year ended September 2025. The company was required to disclose related party transactions on the same date as the publication of financial results.

Fine Structure and Payment

Both exchanges levied identical fines based on SEBI's Master Circular dated November 11, 2024, which prescribes penalties for non-compliance with listing regulations.

The fine amount of ₹5,000 per day applies until compliance is achieved. Since the delay was only one day, the company paid the minimum penalty amount plus applicable taxes.

Board's Response and Explanation

The board of directors reviewed the matter and provided clarification on the circumstances leading to the delayed filing. The company had submitted its integrated filing of financial results, which includes the related party transaction disclosure, within the prescribed three-hour timeframe from the closure of the board meeting held on November 12, 2025.

However, this resulted in the related party transaction disclosure being submitted on November 13, 2025, instead of November 12, 2025, when the financial results were published. The board confirmed that the compliance delay was not intentional and committed to ensuring timely compliance with listing regulations in the future.

Regulatory Framework

The fines were imposed under SEBI's Standard Operating Procedure for penal actions, which came into effect through Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. This circular prescribes specific penalties for various non-compliance scenarios under the LODR Regulations.

Regulation 23(9) specifically requires companies to disclose related party transactions in the prescribed format and within the specified timeline. The regulation is designed to ensure transparency in corporate dealings and protect investor interests.

Company Information

Sical Logistics Limited, incorporated in 1955, operates in the logistics sector with its registered office located at South India House, 73 Armenian Street, Chennai. The company's shares are listed on both BSE (scrip code: 520086) and NSE (symbol: SICALLOG) and currently trade in the BE series, indicating special surveillance by the exchanges.