Sical Logistics Limited has informed the exchange regarding execution of rupee term loan agreement
SICALLOG · price
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Sical Logistics has signed a rupee term loan agreement of up to ₹250 crore with Aditya Birla Capital Limited on June 16, 2025, with a door-to-door tenure of up to 3 years. The loan will be used to refinance the company's existing loan obligations and cover transaction-related expenses. As security, multiple share pledge agreements have been executed: a pledge on shares of subsidiary Sical Infra Assets Limited (SIAL), a pledge on 50.34% of the company's shares held by parent Pristine Malwa Logistics Park Private Limited, and a pledge on 100% of Sical Bangalore Logistics Park Limited (SBLPL) shares held by SIAL. The lender also gets the right to appoint one nominee director or observer on the board in case of default.
The new ₹250 crore facility gives Sical Logistics room to refinance and consolidate its existing debt, which is a positive step. However, the heavy security through share pledges at multiple levels, along with restrictions on change of control (parent must hold at least 51%), means reduced financial flexibility and tighter lender control if things go wrong.