Sical Logistics Limited has submitted the monitoring agency report for the quarter ended March 31, 2026.
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Sical Logistics has raised Rs. 93.03 crore through a Rights Issue of Equity Shares (February 26 - March 10, 2026). Brickwork Ratings, as the monitoring agency, has submitted its first report for the quarter ended March 31, 2026. The funds were earmarked for repayment/prepayment of borrowings (Rs. 69.77 crore), general corporate purposes (Rs. 18.61 crore), and issue expenses (Rs. 4.65 crore). As of March 31, 2026, Rs. 69.77 crore has been utilized for debt repayment and Rs. 0.23 crore for issue expenses, leaving Rs. 23.03 crore unutilized. The unutilized amount is deployed in HDFC Bank fixed deposits. The monitoring agency has confirmed no deviations from the objects disclosed in the Offer Document.
No immediate shareholder impact expected. The funds are being deployed as per the disclosed objects, with a significant portion (Rs. 23.03 crore) still unutilized and parked in bank FDs. This is a routine compliance filing ensuring transparency in rights issue proceeds utilization.