BSECompany Update5d ago · 14 Aug 2026, 07:48 pm

Sical Logistics Limited had informed the exchange about the statement on deviation or variation for the quarter ended June 30, 2026.

Sical Logistics Ltd · 520086

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Sical Logistics Ltd has submitted a statement on deviation or variation in the utilisation of funds raised through a rights issue for the quarter ended June 30, 2026, stating that actual issue-related expenses were lower than allocated, resulting in unutilized funds being deployed towards general corporate purposes.

Analysis Scores

Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10

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Sical Logistics Ltd - 520086 - Statement On Deviation Or Variation Under Regulation 32 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015

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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-PlaBlzocak, GC,-—1—, Dalal Street, Bandra Kurla Complex, Mumbai — 400 001 Bandrd (E), Murmbai —400 051 Scrip Code: 520086 Symbol: SICALLOG Series: BE Sub: Submission of statement on deviation or variation under Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Pursuant to Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, please find enclosed herewith the statement on deviation or variation in utilisation of funds raised through rights issue by Sical Logistics Limited (“Company”) for Lhe quarter ended June 30, 2026. The aforesaid statement has been reviewed by the audit committee of the Company at its meeting held on August 14, 2026. Further, we hereby confirm that the entire funds raised through rights issue have been fully utilized. The statement 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 Otfice: South India House 73 Armenian Street, Chennai - 600 001 India Tel.: + 91 44 66157071, + 91 44 66157072 | Cmail : info@sicalin Web : www.sical.in STATEMENT ON DEVIATION / VARIATION IN UTILISATION OF FUNDS RAISED Name of listed entity Sical Logistics Limited Mode of Fund Ralslng Rights Issue Date of Raising Funds March 12, 2026 (date of allotment) Amount Raised Rs. 9,303 lakhs (Gross Proceeds) Report filed for Quarter ended June 30, 2026 Monitoring Agency applicable/netapplicable Monitoring Agency Name, if applicable Brickwork Ratings India Private Limited Is there a Deviation / Variation in use of funds raised Yes If yes, whether the same is pursuant to change in terms Not Applicable of a contract or objects, which was approved by the shareholders If Yes, Date of shareholder Approval Not Applicable Explanation for the Deviation / Variation The actual issue related expenses were lower than the amount originally allocated for such expenses under the letter of offer dated February 16, 2026. Consequently, the unutilized funds were deployed towards the general corporate purposes in excess of the amount originally allocated for such purpose. Comments of the Audit Committee after review The actual issue related expenses were lower than the amount originally allocated for such expenses under the letter of offer dated February 16, 2026. Consequently, the unutilized funds were deployed towards the general corporate purposes in excess of the amount originally allocated for such purpose. Comments of the auditors, if any Not Applicable Objects for which funds have been raised and where there has been a deviation, in the following table Original Object Modified | Original Modified Funds Amount Remarks if any Object, if | Allocation | allocation, if | Utilised | of any (Amount | any (Amount | Deviation inRs. inRs. [Variation lakhs) lakhs) for the quarter according applicable object (Amount in Rs. lakhs) Repayment and/or | None Up to No deviation/variation during the quarter ended June 30, prepayment, in full 6,977 2026 or part, of all or a portion of certain borrowings availed by our Company General corporate Not Upto None 1,917 The variation is of purposes Applicable 1,861 3.00% and such variation is due to deployment of unutilized funds towards the general corporate purposes Deviation or variation could mean: (a) Deviation in the objects or purposes for which the funds have been raised or (b) Deviation in the amount of funds actually utilized as against what was originally disclosed or (c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc. For Sical Logistics Limited (Seshadri Rajappan) Whole-time director DIN: 00862481