BSESical Logistics LtdLowNeutral
Announced Tue, 30 Jun · 18:06 IST
Sical Logistics sells Chennai land for Rs 18 crore under IBC resolution plan
Business Updates View source PDF
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Sical Logistics sold a non-core land parcel of about 1 acre with building at Madhavaram, Chennai to Roshan Foundations for Rs 18 crore. The asset contributed nothing to last year's revenue or net worth. Sale was completed on June 30, 2026 as part of the resolution plan approved by NCLT Chennai in December 2022 under the Insolvency and Bankruptcy Code. Buyer is unrelated to promoters.
Likely market impact
One-time cash inflow of Rs 18 crore from a non-revenue asset; aligns with IBC resolution plan, limited direct earnings impact.