Sical Logistics Limited has informed exchange regarding availing of credit facilities from HDFC Bank Limited.
SICALLOG · price
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Sical Logistics' board, at its August 8, 2025 meeting, approved availing fund-based and non-fund-based credit facilities of up to Rs. 30 crore from HDFC Bank Limited to meet business requirements. The board also approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025), which were subjected to a limited review by statutory auditor SRSV & Associates. On a standalone basis, the company reported revenue from operations of Rs. 2,753 lakhs and a loss of Rs. 631 lakhs for the quarter, narrower than the Rs. 1,868 lakh loss in Q4 FY25 and the Rs. 1,243 lakh loss in Q1 FY25. Notably, the company has remitted the final installment under its approved resolution plan post-quarter end and received no-objection certificates from major financial creditors confirming full compliance, suggesting its prior debt restructuring is now complete.
The new Rs. 30 crore HDFC Bank facility, combined with closure of the resolution plan and creditor NOCs, signals improving bank confidence and access to fresh working capital. However, the company remains loss-making at the standalone level, though losses are narrowing, so investors should weigh the improved funding access against ongoing operational weakness.