Sical Logistics Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results along with copy of minutes.
SICALLOG · price
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Sical Logistics Limited has submitted the results of its postal ballot concluded on January 9, 2026, via remote e-voting. Two resolutions were passed by shareholders: (1) A special resolution to re-appoint Mr. Seshadri Rajappan as whole-time director for another 3-year term (January 11, 2026 to January 10, 2029) with remuneration up to Rs. 74 lakh per annum, approved with 99.98% votes in favour; and (2) An ordinary resolution to modify an approved related party transaction with Pristine Malwa Logistics Park Private Limited (the company's immediate holding company), reducing the leased commercial equipment count and lease rent to Rs. 21.08 crore (FY26), Rs. 15.67 crore (FY27), and Rs. 15.01 crore (FY28), approved with 97.36% votes in favour. The total number of shareholders on the cut-off date (December 5, 2025) was 40,652. The scrutinizer was KRA & Associates, Practicing Company Secretaries.
Both resolutions received overwhelming shareholder support (above 97%), indicating strong governance acceptance. The director re-appointment ensures continuity in leadership, while the reduction in related party lease commitments with the parent company (Pristine Malwa) lowers the company's lease expenditure, which could marginally benefit financials over FY26-FY28.