Sical Logistics Limited executed a master lease agreement with Tata Capital Limited on July 31, 2026, for availing lease facility up to ₹72 crore (Rupees seventy-two crore only). This execution follows the board of directors' approval granted on July 30, 2026, as previously intimated.
Key Agreement Details:
- Parties: Tata Capital Limited (lessor) and Sical Logistics Limited (lessee)
- Purpose: Lease of commercial equipment including dumpers, excavators, dozers, graders, water tankers, and diesel tankers
- Lease Term: 60 months (sixty months)
- Facility Size: ₹72 crore
- Purchase Option: Upon lease term completion, company can purchase leased equipment at residual value of 5.00% of original cost plus applicable taxes
Corporate Relationships:
- No shareholding exists between Sical Logistics Limited and Tata Capital Limited
- Parties are not related to promoter/promoter group/group companies
- Transaction does not qualify as related party transaction
- Transaction conducted at arm's length basis