Sical Logistics Limited ("Company") has informed the exchange that the board of directors of the Company at its meeting held on February 12, 2026, has decided to issue equity shares on rights basis in the ratio of 2 : 9, i.e 2 (two) rights equity shares for every 9 (nine) equity shares held. Issue Price is Rs. 64 per equity share.
SICALLOG · price
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Sical Logistics' board has approved a rights issue of 1,44,99,796 fully paid-up equity shares (face value Rs. 10) at Rs. 64 per share, including a premium of Rs. 54. The ratio is 2 rights shares for every 9 shares held, with the issue size aggregating up to approximately Rs. 92.80 crores assuming full subscription. The record date to determine eligible shareholders is Wednesday, February 18, 2026. The rights issue window will open on February 26, 2026 and close on March 10, 2026, with full payment required at the time of application. Fractional entitlements will be ignored, with eligible public shareholders given preference for one additional share if they apply for extra shares.
Eligible shareholders must decide whether to invest Rs. 64 per rights share to maintain their proportional ownership in the company. The issue is dilutive for those who do not participate, while the premium of Rs. 54 over face value indicates the company values the shares above par. Shareholders should assess the current market price versus the Rs. 64 issue price to determine attractiveness of subscribing.