Sical Logistics Approves Allotment of 1.45 Crore Rights Equity Shares
Sical Logistics approved the allotment of 1,45,35,790 rights equity shares at ₹64 each. The company's paid-up capital increased to ₹79.78 crore. The decision was approved via a circular resolution on March 12, 2026.
The rights issue involves a significant number of shares and increases the company's equity base, which can have a material impact on its financial structure and potentially its future performance.
The company successfully completed a rights issue, increasing its paid-up capital, which is generally viewed positively as it strengthens the company's financial base.
Sical Logistics Limited, a Pristine Group Company, has announced the approval of the allotment of 1,45,35,790 equity shares of face value ₹10 each on a rights basis. This allotment was made at a price of ₹64 per share, including a premium of ₹54 per share.
The decision was finalized through a circular resolution passed on March 12, 2026, at 05:30 p.m. This follows previous board meetings held on January 23, 2026, February 12, 2026, and February 13, 2026, which approved the rights issue in accordance with relevant regulations.
Consequent to this allotment, the company's paid-up equity share capital has increased. The pre-rights issue paid-up share capital was ₹65,24,90,800 (6,52,49,080 shares), and post-rights issue, it stands at ₹79,78,48,700 (7,97,84,870 shares). The details of the issuance are in accordance with the Letter of Offer dated February 16, 2026, and the basis of allotment finalized with Cameo Corporate Services Limited, the Registrar to the Issue.
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Sical Logistics Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Sical Logistics Limited. Read the original for the full detail.