Sical Logistics Limited ("Company") has submitted the exchange a copy srutinizers' report of postal ballot. Further, the Company has informed the exchange regarding voting results along with copy of minutes.
SICALLOG · price
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Sical Logistics Limited has disclosed the outcome of its postal ballot concluded on April 10, 2026. All four resolutions were passed with overwhelming shareholder approval (~99.99% in favour). The key resolutions include: (1) Approval for a Rs. 20 crore corporate guarantee by Sical to secure credit facilities for its step-down subsidiary Sical Multimodal and Rail Transport Limited (SMART) from CSB Bank; (2) Approval for creation of mortgage by SMART on its land at Anuppampattu village, Tamil Nadu to secure the same Rs. 20 crore CSB Bank facility; (3) Approval for related party transactions with fellow subsidiary Pristine Magadh Infrastructure Private Limited (PMIPL), where PMIPL will provide mortgage on its leasehold property in Bihta, Patna and a corporate guarantee to secure Sical's Rs. 25 crore credit facility from HDFC Bank; and (4) Appointment of Mr. Sharad Kumar as Independent Director for 3 years with remuneration up to Rs. 12 lakh per annum. The scrutinizer was M/s KRA & Associates and total shares outstanding were 6,52,49,080.
Shareholders have approved significant related party transactions totaling Rs. 45 crore in credit facilities, along with asset encumbrances and a new independent director appointment. The near-unanimous voting indicates strong promoter and public support for these corporate governance steps.