Sical Logistics Limited ("Company") has informed the exchange that the board of directors of the Company, at its meeting held on February 13, 2026 , has approved certain minor corrections/alignments to the rights issue terms.
SICALLOG · price
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Sical Logistics' board, at its Feb 13, 2026 meeting, approved minor corrections to its upcoming rights issue. The rights entitlement will now be offered only to public shareholders, as the promoter has decided to forego their entitlement, at a revised ratio of 11 rights shares for every 5 shares held on the record date of Feb 18, 2026. The issue size stands at 1,45,35,790 equity shares at Rs. 64 per share, aggregating up to ~Rs. 93.03 crore (assuming full subscription). Separately, the company posted Q3FY26 standalone profit of Rs. 47.78 crore and consolidated profit of Rs. 47.94 crore, both significantly boosted by a one-time exceptional gain of Rs. 55.59 crore from sale of land. A new Gati Shakti Cargo Terminal near Ponneri, Tamil Nadu, became operational in December 2025, with capital work-in-progress of Rs. 74.68 crore being capitalized.
The rights issue at Rs. 64 per share (face value Rs. 10) will be dilutive for public shareholders who do not participate, but it gives eligible shareholders a chance to maintain their proportional stake. The Q3 profitability is largely driven by a one-time land sale and is not reflective of underlying operational performance, which remains weak with high finance costs. Shareholders should evaluate participation in the rights issue based on the stock's prevailing market price versus the Rs. 64 issue price.