Sical Logistics Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
SICALLOG · price
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Sical Logistics Limited has submitted a statement on fund utilisation deviation for the quarter ended March 31, 2026. The company raised Rs. 9,303 lakhs through a rights issue with funds deployed across two objects: repayment/prepayment of borrowings (Rs. 7,000 lakhs allocated, up to Rs. 6,977 lakhs utilised) and general corporate purposes. A negligible deviation of 0.33% (Rs. 693 lakhs) was reported, attributed to excess deployment beyond the original allocation for loan repayment. Brickwork Ratings India Private Limited acted as the monitoring agency. The audit committee reviewed and approved the statement on May 29, 2026.
The 0.33% variation is minimal and appears immaterial to shareholders. The deviation was within permissible limits and properly disclosed, with no change in terms of contract or objects requiring shareholder approval.