Sical Logistics promoter to sell shares for public shareholding compliance

Pristine Malwa Logistics Park Private Limited, promoter of Sical Logistics Limited, announced its intention to sell 0.15% of the company's total paid-up equity share capital, amounting to 100,000 equity shares. This divestment, scheduled between September 24, 2025, and September 30, 2025, aims to ensure compliance with the 25% minimum public shareholding mandate under Rule 19A of the Securities Contracts (Regulations) Rules, 1957.

The promoter currently holds 95% of Sical Logistics' equity share capital, acquired on February 26, 2023. While the company has maintained a 10% public shareholding post-resolution plan implementation, the upcoming sale will help bridge the gap to the 25% requirement.

Pristine Malwa Logistics Park Private Limited has provided an undertaking confirming it will not purchase any Sical Logistics shares from the open market during the divestment period. The company also assures compliance with relevant SEBI regulations.