Sical Logistics Limited has informed the exchange regarding availing of credit facilities from Axis Bank Limited
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Sical Logistics Limited's board of directors has approved availing credit facilities up to Rs. 115 crore from Axis Bank Limited. The facilities include a cash credit facility of Rs. 15 crore, a bank guarantee facility of Rs. 15 crore, and a term loan facility for refinancing of Rs. 85 crore. The agreement details will be disclosed upon execution. The facilities were approved at the board meeting held on May 23, 2026.
The company is taking on additional debt and refinancing existing obligations, which increases its financial leverage. The Rs. 85 crore refinancing suggests existing debt is being replaced, while the Rs. 30 crore in fresh credit (cash credit and bank guarantee) provides additional working capital capacity.