Sical Logistics Limited has informed the exchange regarding the amalgamation of promoter with promoter group entity.
SICALLOG · price
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Sical Logistics has informed the exchanges that its promoter, Pristine Malwa Logistics Park Private Limited, will be amalgamated with the promoter group entity and ultimate holding company, Pristine Logistics & Infraprojects Limited. The boards of both entities approved the scheme on April 9, 2026, under Section 233 of the Companies Act, 2013. The purpose is to simplify the corporate structure, achieve operational synergies, reduce overheads, and maximize shareholder value. The transaction qualifies for exemption under SEBI Takeover Regulations, and there will be no change in aggregate promoter holding or management/control of Sical Logistics. Only the name appearing in Sical's shareholding pattern as 'promoter' will change from Pristine Malwa to Pristine Logistics & Infraprojects.
This is an internal promoter-level restructuring with no impact on Sical Logistics' shareholding, management, or control. Shareholders should see no material change in the company's operations or stock price from this announcement.