Sical Logistics Limited ("Company") has informed the exchange regarding submission of outcome of the meeting of board of directors of the Company held on February 13, 2026 in a machine readable and searchable form.
SICALLOG · price
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Sical Logistics' board, at its meeting on February 13, 2026, approved the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, with a clean (unmodified) limited review report from statutory auditor SRSV & Associates. Q3 FY26 includes a one-time exceptional gain of Rs. 5,559 lakhs from profit on sale of land, which materially lifts reported profits. The company also commissioned a new Gati Shakti Cargo Terminal near Ponneri, Tamil Nadu in December 2025, capitalizing Rs. 7,468 lakhs of capital work-in-progress. The board confirmed clarificatory updates to its proposed Rights Issue: 1,45,35,790 fully paid-up equity shares of Rs. 10 face value at Rs. 64 per share, aggregating up to ~Rs. 93.03 crore, with the promoter forgoing their entitlement. Only public shareholders (as on the record date of February 18, 2026) are eligible, at a ratio of 11 rights shares for every 5 held.
The land sale windfall gives a one-time boost to Q3 FY26 earnings, but underlying logistics performance should be assessed excluding this exceptional item. The promoter not subscribing to the Rights Issue (and forgoing their entitlement) is a mixed signal — existing public shareholders bear the full fundraising burden, and the issue will be dilutive if not fully taken up. The new operational cargo terminal adds long-term revenue capacity but the immediate impact is modest given small scale.