Sical Logistics Limited has informed the exchange regarding the summary of the proceedings of 70th Annual General Meeting held on September 30, 2025
SICALLOG · price
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Sical Logistics held its 70th AGM on September 30, 2025 via video conferencing, lasting about 11 minutes (12:30 PM to 12:41 PM) with 108 members in attendance. Six resolutions were tabled: adoption of FY25 audited standalone and consolidated financial statements, re-appointment of Mr. Amit Kumar (director retiring by rotation), approval of remuneration to independent director Mr. Vinay Kumar Pabba exceeding 50% of total non-executive director pay for FY25-26, appointment of M/s. KRA & Associates as secretarial auditor, and approval of a material related party transaction and its modification with Pristine Malwa Logistics Park Private Limited (the company's immediate holding company). Chairman Mr. Satishkumarreddy Mulamreddy highlighted that the company has fully discharged its deferred debt obligations of Rs. 331 crore under the NCLT-approved resolution plan. No qualifications were noted in the statutory or secretarial auditor's reports, and no shareholders participated in the Q&A session.
The full repayment of Rs. 331 crore in deferred debt under the NCLT resolution plan is a significant positive milestone, signaling balance sheet cleanup for the company. The related party transaction approvals with its holding company Pristine Malwa are routine but worth monitoring for governance. Voting results on all resolutions are awaited and will be shared separately with the exchanges.