Sical Logistics Completes Rights Issue with Regulatory Compliance Publications

Sical Logistics Limited has successfully completed its rights issue process with the allotment of 1,45,35,790 rights equity shares at Rs. 64 per share and subsequent regulatory compliance activities. The company has now published mandatory post-issue advertisements in newspapers as required under SEBI regulations.

Rights Issue Allotment Details

The rights equity shares carry a face value of Rs. 10 each and were issued at Rs. 64 per share, which includes a premium of Rs. 54 per share. The allotment was approved through a Board circular resolution on March 12, 2026, at 5:30 p.m., following comprehensive regulatory procedures and stakeholder consultations.

Capital Structure Transformation

The rights issue has resulted in a substantial increase in Sical Logistics' paid-up equity share capital:

Capital Structure: Number of Equity Shares Amount (Rs.) Pre-Rights Issue: 6,52,49,080 65,24,90,800 Post-Rights Issue: 7,97,84,870 79,78,48,700

This represents an increase of approximately 22.29% in the total number of equity shares outstanding and a corresponding increase in the paid-up share capital.

Regulatory Compliance and Publication

In compliance with Regulation 92(1) of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, Sical Logistics published post-issue advertisements on March 14, 2026. The advertisements were published in the following newspapers:

Publication Details: Information Business Standard: English - All editions Hindustan: Hindi - All editions Dinamani: Tamil - Tamil Nadu editions Publication Date: March 14, 2026

Issue Performance and Allotment Statistics

The rights issue, which opened for subscription on February 26, 2026, and closed on March 10, 2026, received strong response from shareholders:

Issue Statistics: Details Total Applications Received: 1,177 applications Valid Applications: 1,068 applications Subscription Level: 117.98% of issue size Shares Applied For: 1,71,49,890 shares Shares Allotted: 1,45,35,790 shares Total Issue Value: Rs. 93.03 crore

Corporate Communication and Transparency

The allotment details were formally communicated to both BSE Limited and National Stock Exchange of India Limited through official disclosure letters. Company Secretary and Compliance Officer Vaishali Jain signed the regulatory filings, ensuring proper corporate governance procedures were followed throughout the rights issue process. The company has made all required information available on its website at sical.in for stakeholder access, maintaining full transparency in compliance with regulatory requirements.

Sical Logistics Limited has officially notified the BSE and NSE about the completion of its rights issue period, marking the end of a corporate action that spanned approximately two weeks in early 2026.

Rights Issue Timeline and Structure

The rights issue period commenced on February 26, 2026 at 09:00 a.m. IST and concluded on March 10, 2026 at 05:00 p.m. IST. The offering involved equity shares with a face value of Rs.10.00 each, structured in accordance with applicable regulatory frameworks.

Parameter: Details Issue Opening: February 26, 2026 at 09:00 a.m. IST Issue Closure: March 10, 2026 at 05:00 p.m. IST Share Face Value: Rs.10.00 each Issue Duration: 13 days

Board Approvals and Regulatory Compliance

The rights issue received comprehensive board approval through a series of meetings conducted in early 2026. The initial approval was granted during the board meeting held on January 23, 2026, where directors approved the offer and issuance of equity shares through the rights route.

Subsequent board meetings on February 12, 2026 and February 13, 2026 addressed various operational matters and minor corrections to the rights issue terms respectively. The company ensured full compliance with the Companies Act, 2013, SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and other applicable laws.

Corporate Communication

The intimation was signed by Vaishali Jain, Company Secretary and Compliance Officer, who holds ICSI Membership No. A58607. The company has indicated that relevant information regarding the rights issue will be made available on its official website at sical.in.

Company Profile

Sical Logistics Limited operates with CIN L51909TN1955PLC002431 and maintains its registered office at South India House, 73 Armenian Street, Chennai - 600001. The company's shares are listed on both BSE (Scrip Code: 520086) and NSE (Symbol: SICALLOG) under the BE series.

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