Sical Logistics Limited has informed the exchange about the statement on deviation or variation for the quarter ended March 31, 2026.
SICALLOG · price
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Sical Logistics Limited has filed a statement on deviation or variation in fund utilisation for its rights issue. The company raised Rs. 9,303 lakhs through a rights issue with allotment on March 12, 2026. The funds were primarily allocated for repayment and/or prepayment of borrowings, with an original allocation of Rs. 7,000 lakhs. A negligible deviation of 0.33% (Rs. 693 lakhs) was reported, attributed to deployment of funds slightly in excess of the originally allocated amount for loan repayment. The audit committee reviewed and approved the statement at its meeting on May 29, 2026. Brickwork Ratings India Private Limited acted as the monitoring agency.
The 0.33% variation is negligible and unlikely to materially impact shareholders. The deviation was within acceptable limits and has been reviewed and approved by the audit committee.