Sical Logistics Limited executed two loan agreements with Axis Bank Limited on July 02, 2026, following board approval received on May 23, 2026 for availing credit facilities up to ₹115 crore.
Term Loan Agreement Details
- Amount: ₹85 crore (Rupees eighty-five crore only)
- Purpose: Refinancing of existing term debt from Aditya Birla Finance Limited led consortium
- Tenure: 9 years
- Interest Rate: 9.25% per annum
- Security: First pari-passu charge on entire movable fixed assets of the Company (except those exclusively funded by other lenders) and average debt service reserve account covering 3 months principal plus interest obligation
Working Capital Loan Agreement Details
- Cash Credit Facility: ₹15 crore (Rupees fifteen crore only)
- Purpose: Working capital requirements
- Tenure: 12 months subject to review/renewal
- Interest Rate: 8.25% per annum
- Bank Guarantee Facility: ₹15 crore (Rupees fifteen crore only)
- Purpose: Company operations
- Tenure: Up to 4 years inclusive of claim period
- Security: First pari-passu charge on current assets of the Company (present and future) with other banks
Additional Details
- Both agreements may include additional security as agreed between the Company and lender bank
- No shareholding exists between the Company and Axis Bank Limited
- The transactions do not constitute related party transactions
- No special rights were granted to the bank regarding board representation, share subscription, or capital structure changes
- The disclosure is made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI master circular no. HO/49/14/14(7)2025-CFD-P002/1/3762/2026 dated January 30, 2026
Next Steps
The information will be hosted on the company website at https://sical.in/