Sical Logistics Secures Loans from Axis Bank, Finalizes Term and Working Capital Facilities
Sical Logistics Limited has executed a term loan agreement and working capital loan agreements with Axis Bank Limited, effective July 2026. The agreements cover refinancing needs, cash credit facilities, and bank guarantee support for the company's operations.The company utilized the credit facilities which had previously been considered and approved by its board of directors. The executed arrangements involve two distinct financial packages: a term loan facility and a comprehensive working capital arrangement.
The term loan agreement with Axis Bank Limited involves an amount up to Rs. 85 crore. This facility is designated for refinancing the Aditya Birla Finance Limited led consortium term debt. Key terms of the term loan include a tenure of nine years and a rate of interest set at 9.25% per annum. Security provided by Sical Logistics for this loan includes a first pari passu charge on entire movable fixed assets, an average debt reserve account months principal interest obligation, and other agreed securities.
In addition to the term loan, Sical Logistics secured a working capital arrangement from Axis Bank Limited, comprising a cash credit facility and a bank guarantee facility. The company availed the cash credit facility up to Rs. 15 crore, which is intended for working capital requirements. For operational support, the company also secured a bank guarantee facility up to Rs. 15 crore.
The working capital loan facility features a rate of interest at 8.25% per annum. The cash credit facility has a tenure of 12 months and is subject to review or renewal as needed. The bank guarantee facility has a maximum tenure of four years, inclusive of the claim period. Sical Logistics provided a first pari passu charge on the current assets of the company for this agreement.
The financial details of both agreements are summarized below:
| Facility Type | Total Amount | Purpose/Use | Tenure | Rate of Interest | Key Security Details |
|---|---|---|---|---|---|
| Term Loan (Axis Bank Ltd) | Up to Rs. 85 crore | Refinancing Aditya Birla Finance Limited consortium debt | 9 years | 9.25% per annum | First pari passu charge on movable fixed assets, ADR account months principal interest obligation. |
| Working Capital Facility (Axis Bank Ltd) | CC: Up to Rs. 15 crore; BG: Up to Rs. 15 crore | Cash credit for working capital; Bank guarantee for operations. | CC: 12 months (subject to review); BG: Maximum up to 4 years. | 8.25% per annum | First pari passu charge on current assets. |
SICALLOG Stock Price Movement
Shares of Sical Logistics Limited today slipped by 2.52% to settle at ₹93.09, following a sluggish trading session. The stock recorded a total traded volume of 172,097 shares during the market day.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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