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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Full Announcement
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