SICALLOGNSESical Logistics LimitedMediumNeutral
Announced Tue, 30 Jun · 17:23 IST
Sical Logistics sells Chennai non-core land for Rs 18 crore
Strategic Transactions View source PDF
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Sical Logistics sold a non-core land parcel and building of about 1 acre 82.8 cents (79,627 sq ft) at Madhavaram, Chennai to Roshan Foundations Limited for Rs 18 crore on June 30, 2026. The assets contributed nil to revenue last year. Buyer is not a related party. Sale is part of the resolution plan approved by NCLT Chennai under the IBC in December 2022.
Likely market impact
Minor financial impact as asset contributed nil to revenue. Proceeds support resolution plan compliance and may aid deleveraging.