Sical Logistics Limited has informed the Exchange regarding execution of Addendum to Loan Agreement dated July 26, 2025
SICALLOG · price
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Sical Logistics has amended its existing loan agreement with Pristine Logistics & Infraprojects Limited (PLIL), its ultimate holding company and part of the promoter group. The original loan of up to Rs. 11 crores was taken on January 11, 2024, and the full amount is currently outstanding. The key change is extending the repayment period from 2 years to 5 years to align with the company's financial planning and operational needs. The loan remains unsecured and is a related-party transaction conducted at arm's length. The amendment does not include any special rights such as director appointment or share subscription privileges.
The extended repayment timeline gives Sical more breathing room to manage cash flows and reduces near-term debt servicing pressure, but also signals that the company needs more time to repay. Since the lender is the promoter group, this is a supportive measure from the parent, though it keeps the company dependent on promoter funding.