Sical Logistics Limited — Others, 16-01-2025: Amendment to AOA/MOA

Sical Logistics Ltd. shareholders approved several key measures during the recent Extraordinary General Meeting. The authorized share capital has been increased to ₹230 crore, consisting of 80 million equity shares and 15 million preference shares. The borrowing limit for the Board of Directors has also been enhanced to ₹1,200 crore. Additionally, shareholders consented to raise capital through a Qualified Institutions Placement (QIP) not exceeding ₹250 crore. These moves aim to bolster the company's financial flexibility and support growth initiatives, projecting a positive outlook for investor sentiment amidst this strategic expansion.