The Exchange has received the revised Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 ....
SICALLOG · price
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Sical Logistics' promoter, Pristine Malwa Logistics Park Pvt Ltd (holding 90% of the company or about 5.87 crore shares), created an encumbrance on 3.33 crore shares (51% of total share capital) on June 17, 2025, in favour of Aditya Birla Capital Limited (lender) through Catalyst Trusteeship Limited (security trustee). The encumbrance includes a pledge on 3.28 crore equity shares plus a non-disposal undertaking. The total amount secured is Rs 250 crore against shares valued at about Rs 353 crore, giving a security cover of 1.41x. This is a revised filing to fix a BSE deficiency where the promoter had originally not named the lender and trustee. The encumbrance is linked to financing arrangements at the HoldCo level.
Over half of the promoter's 90% stake in Sical Logistics is now encumbered, which is a material disclosure for shareholders. If the promoter defaults on obligations to Aditya Birla Capital, the pledged shares could be invoked, potentially affecting shareholding stability and minority shareholder interests.