Sical Logistics Limited — Others, 14-05-2025: Shareholders meeting

Sical Logistics has announced a postal ballot seeking shareholder approval for related party transactions and creation of security interests linked to a ₹250 Cr term loan from Aditya Birla Capital and other lenders. This includes pledges and mortgages on shares and assets of its holding and subsidiary companies to secure the facility. Consent is also sought for raising the loan with an option to convert into equity, preference shares, or convertible debentures if repayment obligations under the insolvency resolution plan are not met. This financing is crucial to support the company’s ongoing operations.