Sical Logistics Limited
Sical Logistics Limited, founded in 1955, is a leading integrated logistics solutions provider. The Company is into port handling, road and rail transport, warehousing, shipping, retail logistics, mining and integrated logistics.
What Sical files
- Others80
- Important33
- Board Meeting13
- Updates13
- QIP/Rights/Pref.3
- New Orders2
Sical Logistics Limited has completed dispatching physical access letters for its upcoming Annual General Meeting and Annual Report for shareholders without registered email addresses. This update ensures all investors can easily access corporate governance documents via the provided web links and QR codes.
Sical Logistics' board approved Q1 results, reporting a consolidated profit of ₹21.24 Cr, boosted by a ₹17.4 Cr gain from land sale. The company also secured a ₹50 Cr equipment loan from ICICI Bank and ₹100 Cr lease facility from Bajaj Finance to bolster operations.
Sical Logistics entered a Rs 72 Cr master lease agreement with Tata Capital Limited for commercial equipment (dumpers, excavators, etc.) for 60 months. Post-lease, the company can acquire the equipment for 5% of its original cost, enhancing operational capacity.
Sical Logistics' board approved availing a lease facility up to Rs. 72 Cr from Tata Capital. This 60-month lease is for commercial equipment, including dumpers and excavators, enhancing operational capacity.
Sical Logistics secured Rs. 115 Cr in new loans from Axis Bank. This includes Rs. 85 Cr at 9.25% for 9 years to refinance existing debt and Rs. 30 Cr at 8.25% for 12 months for working capital and operations.