Purpose: Approve material related party transactions between Company and Sical Multimodal and Rail Transport Limited (SMART), step-down material subsidiary
Transaction Details: SMART to provide securities/guarantees for Company's credit facilities aggregating ₹115 crore from Axis Bank Limited
Security Instruments:
First pari-passu charge by way of mortgage over SMART's land and building at Vallur, Chennai, Tamil Nadu
Unconditional and irrevocable corporate guarantee
Other comforts/contractual undertakings as required by Bank
Resolution 2: Special Resolution
Purpose: Approve creation of mortgage on land and building of SMART
Mortgage Details:
First pari-passu charge on Vallur, Chennai property for securing ₹115 crore Axis Bank facilities
Second ranking charge on Anuppampattu village, Thiruvallur district property for securing ₹5.60 crore working capital term loan from HDFC Bank under ECLGS 5.0
Resolution 3: Ordinary Resolution
Purpose: Approve material related party transactions between Company and Pristine Malwa Logistics Park Private Limited, immediate holding company
Transaction Details: Pristine Malwa to provide securities/guarantees for Company's term loan facility of ₹85 crore from Axis Bank
Security Instruments:
Pledge of equity shares to maintain 1.25x security cover
Unconditional and irrevocable corporate guarantee
Other comforts/contractual undertakings
Financial Details
Total Facilities from Axis Bank: ₹115 crore (₹30 crore working capital + ₹85 crore term loan)
HDFC Bank WCTL: ₹5.60 crore under ECLGS 5.0
Transaction Values:
SMART transactions: Up to ₹11,500 lakhs (29.82% of annual consolidated turnover)
Pristine Malwa transactions: Up to ₹8,500 lakhs (22.04% of annual consolidated turnover)
Timeline and Voting Details
Cut-off Date: July 31, 2026
Remote e-voting Period: August 6, 2026 (9:00 AM IST) to September 4, 2026 (5:00 PM IST)
Result Declaration: Within 2 working days after e-voting conclusion
Scrutinizer: M/s KRA & Associates, Company Secretaries
E-voting Provider: CDSL
Related Party Information
Sical Multimodal and Rail Transport Limited (SMART)
Relationship: Step-down material subsidiary
Company Holding: 53.60% indirect holding
FY2026 Financials: Turnover ₹13,988 lakhs, PAT ₹841 lakhs, Net Worth ₹16,235 lakhs
