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Latest news about Sical Logistics

Sical Logistics Appoints Sharad Kumar as Independent Director with 30 Years Banking Experience 1 hour ago Today

Sical Logistics Limited appointed Mr. Sharad Kumar as additional non-executive independent director effective January 14, 2026, bringing over 30 years of banking experience from institutions like ICICI Bank, HDFC Bank, and Central Bank of India. The appointment, approved via circular resolution, is subject to three-year shareholder approval and strengthens the company's board governance.

Sical Logistics Stock Jumps 5% After Securing ₹4,038 Crore Mining Contract 1 day ago Yesterday

Sical Logistics Secures ₹40.38 Billion Contract from South Eastern Coalfields Limited 1 day ago Yesterday

Sical Logistics shareholders approve director re-appointment and related party transaction modification through postal ballot 2 days ago

Sical Logistics shareholders approve director re-appointment and related party transaction modification via postal ballot 2 days ago

More news about Sical Logistics

12Jan 26

Sical Logistics Shareholders Approve Director Re-appointment and Related Party Transaction Modifications

Sical Logistics Limited successfully completed postal ballot voting on January 09, 2026, with shareholders approving the re-appointment of Mr. Seshadri Rajappan as whole-time director with 99.98% votes in favor and modifications to related party transactions with Pristine Malwa Logistics Park Private Limited with 97.36% approval. The e-voting process saw participation from shareholders holding 91.01% of total shares for the director resolution, with the approved lease rent structure spanning three years from ₹21.08 crore in FY26 to ₹15.01 crore in FY28.

12Jan 26

Sical Logistics secures ₹4,038-crore contract from South Eastern Coalfields for Chhattisgarh project

Sical Logistics Ltd secured a ₹4,038.00 crore contract from South Eastern Coalfields Ltd for the Porda Chimtapani open cast project in Raigarh, Chhattisgarh, to be executed over 4,214 days. The integrated logistics service provider, established in 1955 and acquired by Pristine Malwa Logistics Park in 2023, operates major mining projects across India and has expanded into dredging, warehousing, and third-party logistics services. Shares closed 0.94% higher at ₹87.65 following the announcement.

12Jan 26

Sical Logistics Secures ₹40.38 Billion Contract from South Eastern Coalfields Limited

Sical Logistics has secured a substantial ₹40.38 billion contract from South Eastern Coalfields Limited (SECL), representing a major business milestone for the logistics company. This significant contract award strengthens the company's position in coal transportation and logistics services, while establishing a strategic partnership with one of India's largest coal mining subsidiaries under Coal India Limited.

12Jan 26

Sical Logistics Secures ₹4,038 Crore Contract from South Eastern Coalfields Limited

Sical Logistics Limited has secured a significant contract worth ₹4,038.18 crores from South Eastern Coalfields Limited for the Porda Chimtapani Open Cast Project in Raigarh, Chhattisgarh. The contract, spanning 4,214 days, represents a major business win with no related party transactions involved. The project will be executed as per tender specifications, demonstrating the company's strong position in the coal mining logistics sector.

09Jan 26

Sical Logistics Limited Concludes Postal Ballot E-Voting Process on January 09, 2026

Sical Logistics Limited concluded its postal ballot e-voting process on January 09, 2026, covering re-appointment of whole-time director Mr. Seshadri Rajappan and approval of related party transaction modifications with Pristine Malwa Logistics Park Private Limited. The company utilized CDSL for e-voting facilitation and appointed M/s KRA & Associates as scrutinizer, with voting results to be declared following scrutinizer's report submission to stock exchanges.

09Jan 26

Sical Logistics Independent Director Mr. Vinay Kumar Pabba Resigns Effective January 09, 2026

Sical Logistics Limited announced the resignation of independent director Mr. Vinay Kumar Pabba (DIN: 02711931) effective January 09, 2026, citing personal grounds. He also ceased his roles as chairman/member of various board committees. Mr. Pabba confirmed no other material reasons for resignation and expressed satisfaction with his tenure during the company's post-insolvency growth phase.

07Jan 26

Sical Logistics Pays ₹5,900 Fine for One-Day Delay in SEBI Compliance Filing

Sical Logistics Limited paid ₹5,900 in fines to BSE and NSE for a one-day delay in filing related party transaction disclosures under SEBI LODR Regulation 23(9) for the half-year ended September 2025. The company's board confirmed the delay was unintentional, occurring because the integrated filing was submitted within the prescribed three-hour window but resulted in the disclosure being filed on November 13, 2025, instead of November 12, 2025.

07Jan 26

Sical Logistics Board Approves ₹20 Crore Corporate Guarantee for Subsidiary SMART

Sical Logistics Limited's board approved a ₹20.00 crore corporate guarantee for subsidiary SMART's credit facilities from CSB Bank on January 07, 2026. The facilities include ₹10.00 crore cash credit and ₹10.00 crore term loan with 8-year tenure. The guarantee requires shareholder approval and will be recorded as contingent liability, with no material impact expected on the parent company.

29Dec 25

Sical Logistics Completes ₹33.09 Crore Asset Sale to Wisteria Towers

Sical Logistics has completed the sale of non-core assets in Tamil Nadu to Wisteria Towers Private Limited for ₹33.09 crore. The transaction is part of the company's approved resolution plan under the Insolvency and Bankruptcy Code. The buyer is not part of Sical's promoter group, and the sale complies with regulatory requirements. This divestment is a significant step in Sical's restructuring process, providing additional financial resources for the company.

09Dec 25

Sical Logistics Seeks Shareholder Approval for Director Re-appointment and Related Party Transaction Modification

Sical Logistics has issued a postal ballot notice for two key corporate actions. The company seeks approval to re-appoint Mr. Seshadri Rajappan as whole-time director for three years with a remuneration of up to Rs. 74 lakh annually. Additionally, Sical proposes to modify a related party transaction with its holding company, reducing leased equipment from 59 to 38 units and adjusting lease rent for the next three financial years. These actions come amid a mixed financial picture, with growing assets but increased liabilities and decreased equity.

21Nov 25

Sical Logistics' Subsidiary Gets Green Light for Gati Shakti Cargo Terminal

Sical Logistics' subsidiary, Sical Multimodal and Rail Transport Limited, has received approval from Southern Railway, Chennai division, for commissioning a Gati Shakti Cargo Terminal in Anuppampattu village, near Ponneri, Tamil Nadu. Commercial operations at the new terminal are set to begin soon, expected to enhance the company's logistics capabilities and contribute to long-term revenue growth. This development comes amid mixed financial performance, with the company showing increased total assets but decreased equity and increased liabilities.

13Nov 25

Sical Logistics Reports Quarterly Profit, Completes Resolution Plan

Sical Logistics posted a standalone profit of Rs 994.00 lakhs for Q2 FY2026, compared to a loss of Rs 799.00 lakhs in Q2 FY2025. Total income reached Rs 6,809.00 lakhs, including Rs 3,663.00 lakhs from operations and Rs 3,146.00 lakhs from other income. The company completed its final installment payment under an approved resolution plan, receiving no-objection certificates from major financial creditors. Mr. Seshadri Rajappan was re-appointed as whole-time director for three years, subject to shareholder approval.

22Sept 25

Sical Logistics Promoter to Sell 0.15% Stake to Meet Public Shareholding Norms

Pristine Malwa Logistics Park Private Limited, promoter of Sical Logistics Limited (SLL), plans to sell 1,00,000 equity shares (0.15% stake) in the open market from September 24 to September 30, 2025. This sale aims to meet the 25% minimum public shareholding requirement following Pristine Malwa's acquisition of 95% of SLL in February 2023. The promoter has committed not to purchase shares during the sale period, adhering to SEBI regulations.

04Sept 25

Sical Logistics Sells Chennai Land for Rs 29 Crore in Line with Resolution Plan

Sical Logistics Limited, part of the Pristine Group, has sold 1.37 acres of vacant land in Madhavaram Village, Chennai, for Rs 29 crore to M/s. Avantara Projects LLP. The sale, completed on September 4, 2025, aligns with the company's NCLT-approved resolution plan. The transaction is not a related party deal and the asset did not contribute to the company's financials in the last year. This move is part of Sical's ongoing restructuring efforts to focus on core business activities.

11Aug 25

Sical Logistics Reports ₹1,130 Lakhs Net Loss in Q1 Despite ₹4,622 Lakhs Revenue

Sical Logistics Limited released its Q1 unaudited consolidated financial results. The company reported total income from operations of ₹4,622.00 lakhs, but faced a net loss of ₹1,130.00 lakhs. EBITDA stood at ₹418.00 lakhs, with earnings per share at ₹(0.65). Despite the loss, the company maintains a net worth of ₹6,525.00 lakhs. The board approved these results on August 8, which were subsequently published in newspapers as per SEBI regulations.

08Aug 25

Sical Logistics Approves Q2 Financial Results and Rs. 30 Crore Credit Facility from HDFC Bank

Sical Logistics has approved its unaudited financial results for the quarter ended June 30. The company's board has authorized obtaining credit facilities up to Rs. 30.00 crore from HDFC Bank Limited for business requirements. Sical Logistics has also completed its resolution plan by remitting the final installment with interest, receiving no objection certificates from major financial creditors.

26Jul 25

Sical Logistics Extends Loan Repayment Period to 5 Years with Ultimate Holding Company

Sical Logistics Limited has modified its loan agreement with ultimate holding company, Pristine Logistics & Infraprojects Limited (PLIL). The repayment period for an unsecured loan of Rs. 11.00 crore has been extended from two years to five years. The addendum was executed on July 26, 2025, for the original agreement dated January 11, 2024. This related party transaction aims to align with Sical Logistics' financial planning and operational needs, providing greater flexibility in managing financial obligations.