Sical Logistics Limited — Others, 08-07-2025: Shareholders meeting

Sical Logistics Ltd. has announced a board meeting to approve key resolutions via postal ballot through remote e-voting. Members will vote on: (1) entering a related party transaction with its material step-down subsidiary Sical Multimodal and Rail Transport Ltd. to secure a ₹250 Cr rupee term loan facility from Aditya Birla Capital and other lenders, (2) creation of a first-ranking mortgage on land and building of Sical Multimodal and Rail Transport Ltd. to secure this facility, and (3) creation of a first-ranking pledge over 53.60% of shares in its material subsidiary Sical Infra Assets Ltd. as security for the same loan. These measures facilitate securing the loan used for settling financial creditors under the approved resolution plan, reflecting an important step in the company’s financial restructuring. Voting results will be declared shortly after completion of the e-voting period.