Sical Logistics Limited has informed the Exchange regarding outcome of board meeting held on August 08, 2025.
SICALLOG · price
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Sical Logistics' board approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2025, which received an unqualified (clean) limited review from statutory auditor SRSV & Associates. The company also approved availing credit facilities of up to Rs. 30 crore (fund-based and non-fund-based) from HDFC Bank to meet business requirements. Notably, the company disclosed that it has remitted the final installment (with interest) under its approved resolution plan and received a no-objection certificate from major financial creditors, confirming full compliance. Consolidated revenue from operations grew to Rs. 9,754 lakhs from Rs. 8,112 lakhs in Q1FY25, a rise of about 20%, while standalone revenue fell to Rs. 2,753 lakhs from Rs. 3,263 lakhs. Both standalone (loss of Rs. 631 lakhs) and consolidated (loss of Rs. 2,019 lakhs) continued to report losses, partly due to an exceptional item and losses from discontinued operations.
Completion of the resolution plan with creditor sign-off is a significant positive milestone, removing a major overhang of financial distress. The Rs. 30 crore HDFC facility supports working capital, and consolidated revenue growth is encouraging, but persistent losses at both levels mean profitability and turnaround execution remain key concerns for shareholders.