The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pristine Malwa Logistics Park Pvt Ltd
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Pristine Malwa Logistics Park Pvt Ltd, a promoter of Sical Logistics, sold 82,216 equity shares (0.13% of paid-up capital) through open market transactions between June 23 and June 30, 2025. After the sale, the promoter's holding dropped marginally from 90.00% (5,87,24,172 shares) to 89.87% (5,86,41,956 shares). The sale was carried out specifically to comply with the minimum public shareholding requirement under Rule 19A of the Securities Contracts (Regulation) Rules and Regulation 38 of SEBI's Listing Obligations. The filing was made under Regulation 29(2) of the SEBI Takeover Regulations, 2011.
This is a small, compliance-driven sale by the promoter, not a strategic stake reduction. Shareholders should not read it as a negative signal — the promoter's stake remains extremely high at nearly 90%. The sale is a routine step to lift public shareholding toward the mandated 25% threshold.