Sical Logistics Announces Rs 928 Crore Rights Issue with Record Date February 18, 2026

Sical Logistics Limited has announced a comprehensive rights issue to raise capital, with the board of directors approving key details including pricing, timeline, and entitlement structure. The company received in-principal approval from stock exchanges on February 11, 2026, paving the way for the capital raising exercise. Rights Issue Structure and Pricing The rights issue involves fully paid-up equity shares with a face value of Rs 10 each, priced at Rs 64 per share including a premium of Rs 54 per share. The company plans to issue 1,44,99,796 equity shares, targeting an aggregate amount not exceeding Rs 92,79,86,944 assuming full subscription. Parameter: Details Issue Size: 1,44,99,796 equity shares Face Value: Rs 10 per share Issue Price: Rs 64 per share Premium: Rs 54 per share Total Amount: Up to Rs 92,79,86,944 Entitlement and Record Date Shareholders will receive rights entitlements based on a ratio of 2 rights equity shares for every 9 equity shares held on the record date. The record date has been set for Wednesday, February 18, 2026, which will determine the shareholders eligible to receive rights entitlements. Fractional entitlements will not be considered for computation purposes. However, eligible public equity shareholders whose fractional entitlements are ignored will receive preference in allotment of one additional rights equity share if they apply for additional shares beyond their rights entitlement. Subscription Timeline and Payment The rights issue will open for subscription on Thursday, February 26, 2026, and close on Tuesday, March 10, 2026. The full amount of Rs 64 per rights equity share, including the premium, will be payable on application along with the application form. Timeline: Date Record Date: February 18, 2026 Issue Opening: February 26, 2026 Issue Closing: March 10, 2026 Payment: Full amount on application Regulatory Compliance and Documentation The rights issue has been structured in accordance with the Companies Act, 2013, and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The company will file a detailed letter of offer containing all terms and conditions of the rights issue. The ISIN for rights entitlements will be communicated in due course. All information related to the rights issue will be hosted on the company's website at sical.in for investor reference and compliance with listing obligations. Sical Logistics Limited has scheduled a crucial board meeting for February 10, 2026, to finalize the specific terms and conditions of its rights issue worth Rs. 11,000 lakhs. The meeting represents a significant step forward in the company's capital raising initiative, following earlier board approval and subsequent postponements. Rights Issue Framework The rights issue involves the offer and issuance of equity shares with a face value of Rs. 10 each to eligible equity shareholders. The board meeting will address several critical aspects of the offering: Parameter Details Issue Size Rs. 11,000 lakhs Share Face Value Rs. 10 each Target Recipients Eligible equity shareholders Meeting Date February 10, 2026 Key Decisions Pending The February 10 board meeting will focus on determining essential components of the rights issue structure. The directors will deliberate on the rights issue price and establish the related payment mechanism for shareholders. Additionally, the board will decide on the rights entitlement ratio, which determines how many new shares existing shareholders can purchase relative to their current holdings. The meeting agenda also includes setting the record date, which establishes eligibility for participation in the rights issue, and finalizing the timing for the entire offering process. Timeline and Previous Developments The rights issue received initial board approval during a meeting held on January 23, 2026. However, the company has experienced scheduling challenges, with meetings originally planned for February 3, 2026, being postponed twice before settling on the February 10 date. Event Date Initial Board Approval January 23, 2026 First Postponement Notice January 30, 2026 Second Postponement Notice February 3, 2026 Scheduled Board Meeting February 10, 2026 Regulatory Compliance The rights issue will be conducted in accordance with multiple regulatory frameworks, including the Companies Act 2013 and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations 2018. The company has indicated that final decisions remain subject to receiving in-principle approval from the stock exchanges. Sical Logistics has fulfilled its disclosure obligations under the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 by notifying both BSE Limited and the National Stock Exchange of India Limited about the upcoming board meeting. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians. As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. 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