Board approves availing Rs.81 crore lease facility and Rs.10 crore working capital loan from Tata Capital
Lease facility up to Rs.81,00,00,000.00 (Rupees Eighty-One Crore Only).
By ScoutQuest · · 2 min read
- Lease facility approved
- up to Rs.81,00,00,000.00 (Rupees Eighty-One Crore Only)
- Working Capital Demand Loan facility approved
- up to Rs.10,00,00,000.00 (Rupees Ten Crore Only)
- Board meeting date
- October 27, 2026, from 03:30 p.m. to 04:00 p.m.
What the company has approved
The board of Sical Logistics met on October 27, 2026 and, among other items, considered and approved the availing of two credit facilities from Tata Capital Limited.
- A Lease facility of up to Rs.81,00,00,000.00 (Rupees Eighty-One Crore Only)
- A Working Capital Demand Loan facility of up to Rs.10,00,00,000.00 (Rupees Ten Crore Only)
What these two facilities generally mean
- A lease facility is a financing line used to take assets such as vehicles, equipment or other movable assets on lease, with the financier owning the asset and the company paying lease rentals over the term. For a logistics business, this is typically linked to fleet or equipment addition.
- A Working Capital Demand Loan is a short-term borrowing used to fund everyday operating needs such as fuel, salaries, receivables gaps and other running costs. It is usually repayable on demand or over a short period.
Scale of the money involved
The two facilities together add up to Rs.91,00,00,000.00 in approved borrowing limits — Rs.81,00,00,000.00 of lease facility and Rs.10,00,00,000.00 of working capital demand loan. These are the sanctioned or approved limits; how much is actually drawn and when would depend on the company's needs.
What happens next
The update states that the requisite details of the facilities agreement will be disclosed in due course upon execution of the agreement. The disclosure is also being hosted on the company's website.
What investors may want to track
- The actual amount drawn under each facility, and the interest rate or lease rental terms, which become clear once the agreement details are disclosed
- The purpose for which the lease facility is used, since it indicates whether the company is adding to its asset base or refinancing existing arrangements
- The overall borrowing position of the company after these facilities, as higher borrowings usually bring higher finance costs
In simple terms, this is a funding arrangement the board has cleared with a non-bank lender. The perception it can create is that the company is putting in place financing for its asset and working capital needs, while adding to its borrowing commitments.
Also from Sical Logistics
Board meeting on November 11, 2026 to approve Q2 and half-year unaudited results
3 Nov 2026
Master Lease and Working Capital Demand Loan agreements executed with Tata Capital Limited
27 Oct 2026
Board approves availing of Lease facility up to Rs.81 crore and Working Capital Demand Loan up to Rs.10 crore from Tata Capital
27 Oct 2026
More numbers
- Lease facility approved (up to)Rs.81,00,00,000.00
- Working Capital Demand Loan facility approved (up to)Rs.10,00,00,000.00
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