Sical Logistics Limited ("Company") has informed the exchange regarding the placement of the equity shares of the Company under additional surveillance measure
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Sical Logistics Limited's equity shares have been placed under the Additional Surveillance Measure (ASM) framework by BSE and NSE, effective September 25, 2025. The placement is under the IBC (Insolvency and Bankruptcy Code) framework criteria, suggesting the company is undergoing insolvency proceedings. As a result, trading in the company's shares on the exchanges will be restricted to once a week. The company clarified that no direct communication was received from the exchanges and that this is purely a market surveillance action, not an adverse measure. The company stated there will be no material financial or operational impact.
Shareholders will face limited liquidity as trading in Sical Logistics shares is restricted to just once a week, which could increase price volatility and make it harder to buy or sell the stock. The ASM placement under the IBC framework reinforces concerns about the company's ongoing insolvency situation.