Sical Logistics Limited — Important, 14-01-2025: Agreements

Sical Logistics Ltd. has executed a loan agreement with its fellow subsidiary, Kanpur Logistics Park Private Limited, for an inter-corporate loan of up to ₹150 crore in one or more tranches. The loan will attract a 12.50% simple interest rate and is scheduled for repayment at the end of five years. As an unsecured loan, it does not require any security. Since both entities are under common ownership, the transaction is considered to be at arm's length. This arrangement could enhance Sical's liquidity and financial flexibility, presenting a positive outlook for the company, especially in light of its ongoing strategic initiatives. Investors should watch closely for any implications on profitability and operational dependencies stemming from this agreement.