Sical Logistics Limited Board Approves Credit Facilities Up To Rs 115 Crore From Axis Bank
Sical Logistics Limited has secured approval from its board of directors for comprehensive credit facilities totaling up to Rs 115 crore from Axis Bank Limited. The approval was granted during the company's board meeting held on May 23, 2026.The Board of Directors of Sical Logistics Limited determined that the availed credit facilities would significantly bolster the company's operational and financial capacity.
The approved credit facility package comprises three distinct components, designed to meet the company’s working capital and refinancing needs.
Key details of the approved facilities are as follows:
| Facility Type | Maximum Limit |
|---|---|
| Cash Credit Facility | Rs 15 crore |
| Bank Guarantee Facility | Rs 15 crore |
| Term Loan Facility (refinancing) | Rs 85 crore |
| Total Facility Limit | Rs 115 crore |
The facilities are valued at Rs 115 crore (Rupees one hundred fifteen crore only).
Sical Logistics Limited noted that the detailed agreement of these facilities will be disclosed in due course upon execution of the agreement.
SICALLOG Stock Price Movement
On Friday, Sical Logistics Limited shares slipped by 1.65% to settle at ₹63.78. The stock hit a day low of ₹63.75 during the session, with 9,376 shares traded in total.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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