ICRA withdraws ratings after Sical fully repays debt

Debt PrepaidCredit & Debt View source PDF Explain this filing

SICALLOG · price

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Price reactionminutes from the announcement price · days from the prior close

+2.8%Reaction day

₹91.00

prior close

₹95.47

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.6%+2.2% vs market

On the reaction day the stock moved 2.2 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.5

10m

-2.4

15m

-2.4

30m

-2.4

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+2.8+0.6+2.2

Next day

+9.4+0.4+9.0

+14.9+0.8+14.1

+20.6+0.0+20.6

+26.6-0.3+26.9

+20.2-0.6+20.8

—-3.8—

15d

—-2.9—

+2.2-1.5+3.7

+5.6-8.1+13.6

UpDownMarket · Nifty Microcap 250Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

ICRA withdrew ratings assigned to Sical Logistics' non-convertible bonds and bank facilities at the company's request. The company said it had fully discharged these obligations under its resolution plan approved in 2022. The withdrawn instruments totalled Rs 1,345.04 crore and carried ICRA's D rating for issuers not cooperating.

Likely market impact

Confirms full repayment of rated debt and bank obligations, reducing financial risk, but the ratings were withdrawn rather than improved.