Sical Logistics Limited has informed the Exchange regarding disclosure under Regulation 30 of Securities and Exchange Board of India (LODR) Regulation, 2015 read with Securities and Exchange Board of India Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 with respect to Minimum Public shareholding Requirement as mandated under Rule 19A SCRA Rules, 1957 read with Regulation 38 of SEBI (LODR) Regulations, 2015.
SICALLOG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sical Logistics has told the exchanges that its promoter, Pristine Malwa Logistics Park Private Limited, plans to sell 80,000 equity shares (0.12% of total paid-up capital) in the open market on June 30, 2025. The sale is intended to help the company comply with the SEBI requirement of maintaining a minimum 25% public shareholding under Rule 19A of the SCRA Rules, 1957. The promoter currently holds about 95% of the company, having acquired the stake in February 2023 under an NCLT-approved insolvency resolution plan. The company has so far been meeting a lower 10% public shareholding threshold permitted in the post-resolution period. The promoter has also submitted an undertaking that it will not buy any shares on the day of the sale.
This is a very small sale in size (just 80,000 shares or 0.12% of equity) and on its own is unlikely to move the stock price meaningfully. However, it signals the start of a broader promoter divestment process, since the company still has a long way to go before public shareholding reaches the 25% threshold. Investors should watch for further tranches of promoter selling in the coming months.