Sical Logistics Signs Master Lease Agreement with Tata Capital Limited for Rs 72 Crore Facility
Sical Logistics Limited has executed a master lease agreement with Tata Capital Limited to secure commercial equipment required for its operations. The agreement was formalized on July 31, 2026.The master lease facility, valued up to Rs 72 crore, involves Sical Logistics taking on lease various commercial equipment from Tata Capital Limited. This includes specialized machinery such as dumpers, excavators, dozers, graders, water tankers, and diesel tankers. The lease term for the equipment spans sixty months.
According to the agreement details, both parties are not related to any promoter or promoter group. Furthermore, the transaction is confirmed to be an arm's length deal, meaning it does not fall under related party transactions.
Key terms of the master lease agreement include:
- Lessor: Tata Capital Limited
- Lessee: Sical Logistics Limited (The Company)
- Total Size of Agreement: Up to Rs 72 crore
- Lease Duration: 60 months
- Post-Lease Purchase: Upon the completion of the lease term, Sical Logistics will have the option to purchase the commercial equipment from Tata Capital Limited. The purchase price will be determined by the residual value of the commercial equipment, set at 5.00% of the original cost plus applicable taxes.
SICALLOG Stock Price Movement
Shares of Sical Logistics Limited shed 5.00% in trading today, concluding at ₹112.53 after exhibiting significant weakness across the post-market session. The stock had previously reached its 52-week high and saw a volume of 152,074 shares traded as it closed.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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