Key Details
- Series: BE
Transaction Overview
Pristine Malwa Logistics Park Private Limited (HoldCo), the immediate holding company of Sical Logistics Limited and a related party, executed an Unattested Deed of Pledge of Securities (Shares) dated September 15, 2026. The deed creates a pledge over equity shares of Sical Logistics Limited in favor of CTL Trusteeship Limited, acting as the Security Trustee.
Purpose and Financial Details
The pledge has been created to secure a term loan (refinancing) facility of up to ₹85 crores availed by Sical Logistics Limited from Axis Bank Limited. The transaction is described as being in the normal course of business.
Parties Involved
- Listed Entity: Sical Logistics Limited (party to the deed)
- Pledgor: Pristine Malwa Logistics Park Private Limited (immediate holding company and promoter)
- Security Trustee: CTL Trusteeship Limited
- Lender/Beneficiary: Axis Bank Limited
Significant Terms
- Security created over 1,19,00,000 (1.19 crore) equity shares of Sical Logistics Limited held by Pristine Malwa Logistics Park Private Limited
- First-priority security interest established
- Security shall continue until secured obligations are fully discharged
- Pledgor retains voting rights until occurrence of an event of default
- Following an event of default, voting rights cease and Security Trustee may exercise its rights
Related Party Aspects
The transaction is classified as a related party transaction, conducted at arm's length basis and in the ordinary course of business of the Company.
Impact Assessment
- No immediate change in management or control of the Company
- No shareholding in the entity with whom the agreement is executed
- The deed does not involve issuance of shares to parties
Additional Information
The information is hosted on the company website at https://sical.in/