Sical Logistics Limited has informed the Exchange regarding summary of Postal Ballot proceedings
SICALLOG · price
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Awaiting price reaction for this filing.
Sical Logistics Limited has concluded its postal ballot (remote e-voting) process on August 7, 2025, for which the notice was issued on July 4, 2025 and dispatched on July 8, 2025. Three special resolutions were put to shareholders for approval. Resolution 1 seeks approval for a material related party transaction with Sical Multimodal and Rail Transport Limited, a step-down subsidiary. Resolution 2 seeks approval to create a mortgage on the land and building of Sical Multimodal and Rail Transport Limited to secure a facility availed by the Company. Resolution 3 seeks approval to create a pledge on the shares of Sical Infra Assets Limited, a material subsidiary of the Company. KRA & Associates acted as the scrutinizer, and CDSL facilitated the e-voting. The voting results are not yet declared in this filing; the Scrutinizer will submit its report and the Company will announce results within the prescribed timelines.
The filing is procedural and does not yet disclose the outcome of the voting. Shareholders should watch for the upcoming voting results, as approval of these resolutions will enable the Company to proceed with related party transactions and create charges on subsidiary assets. Non-approval could affect the Company's ability to raise or secure financing through these structures.