Sical Logistics secures INR 12 crore credit facility from HDFC Bank
Sical Logistics Limited has entered into a master facility agreement with HDFC Bank Limited, effective October 1, 2025. This agreement provides Sical Logistics with a cash credit facility totaling INR 12,00,00,000 to meet the company's business requirements.
The credit facility has a tenure of 12 months. As security, HDFC Bank Limited will have a first pari-passu charge by way of hypothecation on all receivables, current assets, book debts, and cash flows of Sical Logistics (both present and future), as well as on the movable assets of the company. Any additional security will be subject to agreement between the company and the lender.
This transaction is not classified as a related party transaction, and no shares are being issued to the parties involved.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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