NSEMonitoring Agency Report5d ago · 14 Aug 2026, 08:03 pm
Monitoring Agency Report
Sical Logistics Limited · SICALLOG
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Sical Logistics Limited has submitted the monitoring agency report for the quarter ended June 30, 2026, as per SEBI regulations. The report, prepared by Brickwork Ratings, confirms that the utilization of proceeds from the rights issue of the company is in line with the objects of the issue.
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Governance Concern1/10
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Sical Logistics Limited has submitted the monitoring agency report for the quarter ended June 30, 2026.
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SICALLOG_14082026200233_MonitoringAgencyReport.pdf
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SICAL %ristine
A Pristine Group Company
= Passionon Move =—4
August 14, 2026
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G,
Dalal Street, Bandra Kurla Complex,
Mumb—a 40i0 001 Bandra (E), Mumbai —400 051
Scrip Code: 520086 Symbol: SICALLOG
Series: BE
Sub: Submission of monitoring agency report for the quarter ended June 30, 2026
Dear Sir/Madam,
Pursuant to Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015, as amended, read with Regulation 82 (4) of the Securities and Exchange Board
of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, please find enclosed
herewith the monitoring agency report for the quarter ended June 30, 2026.
The said report has been issued by Brickwork Ratings India Private Limited for monitoring the utilization of
proceeds from the rights issue of the company.
The report will also be hosted on the website of the company at https://sical.in/
You are hereby requested to take the above information on record.
Thanking you,
Yours faithfully,
For Sical Logistics Limited
(Seshadri Rajappan)
Whole-time director
DIN: 00862481
Encl. as above
SICAL LOGISTICS LIMITED
CIN: L51909TN1955PLC002431
Registered Office: South India House 73 Armenian Street, Chennai - 600 001 India
Tel.: + 9144 66157071, + 91 44 66157072 | Email : info@sical.in Web : www.sical.in
Brickwork Ratings India Private Limited
BRICK“’/ORKW 3rd Floor, Raj Alkaa Park, Kalena Agrahara
RATINGS Bannerghatta Road, Bengaluru - 560 076
P: +91 80 4040 9940/9999
Monitoring Agency Report
for Sical Logistics Ltd.
for the quarter ended
June 30, 2026
info@brickworkratings.com | www.BrickworkRatings.com | CIN: U67190KA2007PTC043591
" Brickwork Ratings India Private Limited
BRICK“’/ORK 3rd Floor, Raj Alkaa Park, Kalena Agrahara
RATINGS Bannerghatta Road, Bengaluru - 560 076
P: +91 80 4040 9940/9999
No. BWR/2026-27/IPM/SLL/02
August 10, 2026
VT Doraivel Krishnan
Chief Financial Officer
Sical Logistic Ltd.
SouthindiaHouse73,
Armenian Street, Chennai-
600001, Tamil Nadu
Dear Sir,
Second and Final Monitoring Agency Report for the quarter ended June 30, 2026 - in
relation to the Right Issue of Equity Shares issue of Sical Logisitics Ltd. “the Company”
Pursuant to Regulation (82) of the SEBI Issue of Capital and Disclosure Requirements
Regulations, 2018 (SEBI ICDR Regulations) amended as on March 8, 2025, and Monitoring
Agency Engagement Letter dated January 22, 2026 Brickwork Ratings (BWR) has prepared the
Second and Final Monitoring Agency Report, as per Schedule XI of the SEBI ICDR Regulations
towards utilisation of proceeds of funds raised, for the quarter ended June 30, 2026.
The funds raised by the Company were through Right Issue of Equity Shares aggregating to
Rs.93.03 Crore of the Company.
In this connection, we are enclositnhge Monitoring Agency Repoforr tthe quarter ended June 30,
2026, as per aforesaid SEBI Regulations and Monitoring Agency Agreement dated January 29,
2026.
Request you to kindly take the same on records.
Thanking you,
Yours Faithfully,
Digitally signedb
NIRAJ KUMAR nima) KUMAR RATH
RATHI Date: 2026.08.11
16:00:19 +05'30'
Mr Niraj Kumar Rathi
Senior Director, Ratings - Brickwork Ratings
info@brickworkratings.com | www.BrickworkRatings.com | CIN: U67190KA2007PTC043591
Brickwork Ratings India Private Limited
BRICV\“’/ORV\'M 3rd Floor, Raj Alkaa Park, Kalena Agrahara
RATINGS Bannerghatta Road, Bengaluru - 560 076
P: +91 80 4040 9940/9999
Report of the Monitoring Agency (MA)
Name of the issuer: Sical Logistics Ltd.
For quarter ended: June 30, 2026
Name of the Monitoring Agency: Brickworks Ratings India Private Limited
(a) Deviation from the objects: No
(b) Range of Deviation: Not Applicable
Declaration:
We declare that this report is based on the format prescribed by the SEBI (ICDR) Regulations, 2018, we
further declare that this report provides a true and fair vioef twhe utilization of the issue proceeds in relation
to the objects of the issue based on the information provided by the Issuer and information obtained from
sources believed by it to be accurate and reliable.
We declare that we do not have any direct/indirect interest in or relationship with the
issuer/promoters/directors/management and also confirm that we do not perceive any conflict of interest
in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the
issuer.
The MA does not perform an audit and undertakes no independent verification of any information/
certifications/ statements it receives. This Report is not intended to create any legally binding obligations
on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said
information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any
security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should
be construed as creatinag fiduciary relationship between the MA and any issuer or between the agency
and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section
2(38) of the Companies Act, 2013.
The MA or its affiliates may have a credit rating or other commercial transactions with the entity to which
the report pertains and may receive separate compensation for its ratings and certain credit related
analyses. We confirm that there is no conflict of interest in such relationship/interest while monitoring and
reporting the utilization of the issue proceeds by the issuer, or while undertaking credit rating or other
commercial transactions with the entity.
We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments,
where applicable. There are certain sections of the report under the title “Comments of the Board of
Directors”, that shall be captured by the Issuer’s ManagemenAutd/it Committee of the Board of Directors
subsequent to the MA submitting their report to the issuer and before dissemination of the report through
stock exchanges. These sections have not been reviewed by the MA, and the MA takes no responsibility for
such comments of the issuer’s Management/Board.
NIRAJ KUMAR Digitally signed by NIRAJ KUMAR
RATHI
RATHI Date: 2026.08.11 16:00:38 +05'30'
Signature:
Name of the Authorized Signatory: Mr Niraj Kumar Rathi
Designation of Authorized Person/Signing Authority: Senior Director, Ratings - Brickwork
Ratings
info@brickworkratings.com | www.BrickworkRatings.com | CIN: U67190KA2007PTC043591
Brickwork Ratings India Private Limited
BRICV\“’/ORV\YM 3rd Floor, Raj Alkaa Park, Kalena Agrahara
RATINGS Bannerghatta Road, Bengaluru - 560 076
P: +91 80 4040 9940/9999
1) Issuer Details:
Name of theissuer: Sical Logistics Ltd
Names of the promoter: Pristine Malwa Logistics Park Private Limited
Industry/ sectotro which it belongs: Transport and Logistics industry
2) Issue Details:
Issue period: February 26, 2026, to March 10, 2026
Type of issue (public/ rights): Right Issue of Equity shares
Type of specified securities: Equity Shares
IPO Grading, if any: Not Applicable
Issue size (in X Crore): Rs 93.03 crore
Total
Amount
Particulars Number Price (%) Value as per Offer Document Received
of (X Crore)
g (X Crore)
Securities
Equity Shares-Right issue 14535790 64 93.03 93.03
Total 14535790 93.03 93.03
info@brickworkratings.com | www.BrickworkRatings.com | CIN: U67190KA:
Brickwork Ratings India Private Limited
BRICV\“’/ORV\YM 3rd Floor, Raj Alkaa Park, Kalena Agrahara
RATINGS Bannerghatta Road, Bengaluru - 560 076
P: +91 80 4040 9940/9999
3) Details of the arrangement made to ensure the monitoring of issue proceeds:
Source of
Comments of
Particulars °‘;,'I'::ere.d by M;‘i’t’::i':‘e";s:;c Board of
O By Directors
Agency for
preparation of
report
Bank
Whether all utiPlizatOion i s as per the Staatet ementss, ;
v h Yes Company’s Ni No Commen
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