In a significant move aimed at strengthening its financial position, Sical Logistics announced that the company has entered into a rupee term loan facility agreement with Aditya Birla Capital. In a regulatory filing, the company said that the loan agreement was executed on June 16. The loan has a door-to-door tenor of up to 3 years from the date of first disbursement.
As part of the arrangement, the company has entered into multiple share pledge agreements to secure the facility. These include:
– A pledge on the shares of Sical Infra Assets Limited (SIAL) held by Sical Logistics.
– A pledge on the shares of Sical Logistics Limited held by Pristine Malwa Logistics Park Private Limited, a key promoter entity.
– A pledge on the shares of Sical Bangalore Logistics Park Limited (SBLPL) held by Sical Infra Assets.
According to the company statement, the rupee term loan will be utilized for refinancing the existing loan obligations of the company and transaction related expenses as approved by the lenders.
The pledged shares create a strong security setup for the loan, showing support from both the promoters and group companies.
Earlier in May, Sical Logistics released its fiscal fourth quarter earnings report with net loss of Rs 4.24 crore in comparison to a net loss of Rs 13.66 crore during the previous quarter ended March 2024. Meanwhile, sales rose 83.45 per cent YoY to Rs 81.12 crore in the quarter ended March 2025.
For the full year, net loss came in at Rs 33.49 crore in the year ended March 2025 as against net loss of Rs 24.82 crore during the previous fiscal year. Sales were up 0.33 per cent at Rs 221.82 crore in FY25.