Sical Logistics Limited has informed the Exchange regarding 'Board comments on fine levied by the Exchange'.
SICALLOG · price
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Sical Logistics informed the stock exchanges about its Board's response to a fine levied by BSE and NSE for a one-day delay in disclosing related party transactions under Regulation 23(9) of SEBI's Listing Regulations. The company submitted its integrated financial results filing (which includes the Reg 23(9) disclosure) on November 13, 2025, one day after the November 12, 2025 board meeting. The fine was Rs 5,000 per day of non-compliance, amounting to Rs 5,000 plus 18% GST (Rs 5,900) at each exchange. The Board stated the delay was not intentional, assured future timely compliance, and confirmed the fine has been fully paid.
This is a minor regulatory penalty for a single-day procedural delay and has already been paid, so the financial impact on shareholders is negligible (~Rs 11,800 total in fines). However, the company is on watch — a second consecutive year of non-compliance with Regulation 33 could push the stock to the 'Z' category with trade-for-trade settlement, which would hurt liquidity.