Sical Logistics Limited executed two financing agreements with Tata Capital Limited on October 27, 2026, as approved by the Board of Directors on the same date.
Master Lease Agreement Details
- Parties: Sical Logistics Limited (borrower) and Tata Capital Limited (lender)
- Purpose: Availing lease facility up to ₹81,00,00,000 (Rupees Eighty-One Crore Only) for acquiring commercial equipment as described in relevant Purchase Orders
- Size: ₹81 crore facility for 60 months (Five Years)
- Significant Terms: Upon lease term completion, company will purchase leased equipment at residual value of 5.00% of original cost plus applicable taxes
- Relationship: No shareholding or related party relationship exists
Working Capital Demand Loan Agreement Details
- Parties: Sical Logistics Limited (borrower) and Tata Capital Limited (lender)
- Purpose: Availing working capital demand loan up to ₹10,00,00,000 (Rupees Ten Crore Only) for working capital requirements
- Size: ₹10 crore facility for 12 months (Twelve Months)
- Security: First pari passu charge by way of hypothecation over current assets of the Company
- Execution Date: October 27, 2026
- Relationship: No shareholding or related party relationship exists
Transaction Characteristics
- Both transactions are not related party transactions
- Both transactions conducted at arm's length basis
- No share issuance involved in either agreement
- No special rights like board representation, share subscription rights, or capital structure restrictions
- No potential conflicts of interest identified