Sical Logistics Limited has informed the exchange regarding the sale of its non-core assets situated in Kottapattu village, Trichy district, Tamil Nadu.
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Sical Logistics has sold two non-core land parcels totalling 5.52 acres in Kottapattu village, Trichy district, Tamil Nadu, to Wisteria Towers Private Limited for Rs. 33.09 crore. The buyer is an unrelated private company and does not belong to the promoter or group companies. The transaction was completed on December 29, 2025, and is being carried out as part of the resolution plan approved by the NCLT Chennai bench in December 2022 under the Insolvency and Bankruptcy Code. The sold assets contributed nil revenue to the company, confirming they are non-operating in nature.
The sale helps Sical monetise idle land and unlock Rs. 33.09 crore in cash, supporting the company's ongoing resolution plan obligations. For shareholders, this is a positive step towards asset monetisation, though the nil revenue contribution means it won't affect core earnings.