Archive · 17 Jun 2025
Sical Logistics Obtains Loan from Aditya Birla Capital
Sical Logistics, a company, has borrowed money from Aditya Birla Capital.
This loan will help them pay off old debts and cover some costs.
As part of the deal, some shares of different Sical companies are being used as collateral.
This is like promising to give something if they can't repay the loan.
The company also announced their financial results, showing they had a loss for the year, although sales went up.
It's like borrowing money to help get things back on track.
Sical Logistics secured a rupee term loan from Aditya Birla Capital.
The loan agreement was executed on June 16 with a tenor of up to 3 years.
The loan will refinance existing obligations and cover transaction expenses.
Share pledges were made involving Sical Infra Assets and Pristine Malwa Logistics Park.
Sical Logistics reported a net loss of Rs 33.49 crore for the fiscal year ending March 2025.
- Who
- Sical Logistics and Aditya Birla Capital.
- What
- Sical Logistics secured a rupee term loan.
- When
- The loan agreement was executed on June 16.
- Where
- Not explicitly mentioned in the provided articles.
- Why
- To refinance existing loan obligations and cover transaction related expenses.
- Loan Provider
- Aditya Birla Capital
- Loan Tenor
- Up to 3 years
- Share Pledges
- Sical Infra Assets Limited, Pristine Malwa Logistics Park, Sical Bangalore Logistics Park Limited
- FY25 Net Loss
- Rs 33.49 crore
- FY25 Sales
- Rs 221.82 crore