Sical Logistics Limited has submitted the Exchange a copy scrutinizers report, voting results and minutes of Postal Ballot notice dated July 04, 2025.
SICALLOG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.0 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Sical Logistics Limited has disclosed the results of its postal ballot concluded on August 7, 2025. All three resolutions were passed with overwhelming shareholder approval. The first resolution (ordinary) approved a material related party transaction with Sical Multimodal and Rail Transport Limited (SMART), a step-down subsidiary, passing with 99.36% votes in favour. The second resolution (special) approved creating a mortgage on SMART's land and building at Vallur, Chennai, passing with 99.99% in favour. The third resolution (special) approved pledging 53.60% of shares in Sical Infra Assets Limited, a material subsidiary. All three resolutions relate to securing a rupee term loan facility of up to Rs. 250 crore from Aditya Birla Capital Limited and other lenders. Promoters holding 5,86,41,956 shares voted 100% in favour across all resolutions.
Shareholders have approved the creation of securities (mortgage on subsidiary's property and pledge of subsidiary shares) to facilitate a Rs. 250 crore borrowing. While the loan strengthens liquidity, the pledging of a material subsidiary's shares and mortgaging of step-down subsidiary assets introduce additional financial risk if the company faces default. Promoter support was unanimous, signalling confidence in the arrangement.