Sical Logistics Limited has received board approval to secure credit facilities totaling Rs 91 crore from Tata Capital Limited. The package includes an Rs 81 crore lease facility and a Rs 10 crore working capital demand loan. The company stated that formal agreement details will be filed upon execution as per SEBI regulations.
Sical Logistics Secures Rs 91 Crore Credit Facility
Total credit facility approved is Rs 91 crore; the board meeting concluded at 04:00 p.m. on October 27, 2026.
Reader Takeaway: The credit infusion improves liquidity for operational needs, though it adds a debt servicing requirement.
What just happened
Sical Logistics Limited held a board meeting on October 27, 2026, where directors greenlit a proposal to avail credit facilities from Tata Capital Limited. The company plans to utilize a combination of a lease facility and a working capital demand loan to support its financial requirements.
Credit Facility Breakdown
The board sanctioned a total of Rs 91 crore, structured as follows:
- Lease Facility: Rs 81 crore
- Working Capital Demand Loan: Rs 10 crore
Why this matters
Securing credit facilities allows the company to manage its cash flow and fund specific asset-heavy operations via the lease facility. This move is generally aimed at stabilizing working capital and supporting existing business logistics operations.
What changes now
The company is currently in the process of finalizing the agreements. In accordance with Regulation 30 of the SEBI Listing Regulations, Sical Logistics will make further disclosures to the exchange once the formal agreements with Tata Capital Limited are signed.
What to track next
Investors should look for the subsequent exchange filing, which will provide the specific interest rates, tenure of the facilities, and any security or collateral clauses attached to these loans.