Master Lease and Working Capital Demand Loan agreements executed with Tata Capital Limited
The company has executed a Master Lease Agreement and a Working Capital Demand Loan Agreement with Tata Capital Limited on October 27, 2026.
By ScoutQuest · · 2 min read
- Lease facility
- up to Rs. 81,00,00,000.00, for 60 months, to take goods on lease
- Working capital demand loan
- up to Rs.10,00,00,000.00, for 12 months, for working capital needs
- Security
- first pari passu charge by way of hypothecation over the company's current assets
Two agreements signed
- Master Lease Agreement with Tata Capital Limited: lease facility of up to Rs. 81,00,00,000.00 (Rupees Eighty-One Crore Only), for a period of 60 (Sixty) Months.
- Working Capital Demand Loan Agreement with Tata Capital Limited: facility of up to Rs.10,00,00,000.00 (Rupees Ten Crore Only), for a period of 12 (Twelve) Months.
Both were executed on October 27, 2026, the same date on which the Board considered and approved the availing of the lease facility and the working capital demand loan facility.
What each facility is for
- Under the lease, the company is taking goods on lease from Tata Capital Limited, to be described in the relevant Purchase Order. The equipment leased is described as commercial equipment.
- The working capital demand loan is to be utilised towards the working capital requirements of the company.
Terms worth noting
- At the end of the lease term, the company will purchase the leased commercial equipment from Tata Capital Limited at a price equal to the residual value of the equipment, i.e. 5.00% of the original cost of the commercial equipment plus applicable taxes.
- The security provided to the lender is a first pari passu charge by way of hypothecation over the current assets of the company.
- Tata Capital Limited holds no shareholding in the company, and the parties are not related to the promoter or promoter group; the transactions do not fall within related party transactions.
- No shares are being issued in connection with either agreement.
How to read this
This is a financing announcement. On one side, the company has tied up a lease facility and a working capital loan totalling up to Rs. 91,00,00,000.00 across the two agreements, which supports equipment on lease and day-to-day working capital. On the other side, it takes on committed payment obligations for the 60-month lease period and the 12-month loan period, and grants the lender a first pari passu charge by way of hypothecation over its current assets. The scale of the facilities relative to the company's size, and the cost of these facilities, are the points to track in later disclosures.
Also from Sical Logistics
Board meeting on November 11, 2026 to approve Q2 and half-year unaudited results
3 Nov 2026
Board approves availing Rs.81 crore lease facility and Rs.10 crore working capital loan from Tata Capital
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 amountRs. 81,00,00,000.00
- Working capital demand loan amountRs.10,00,00,000.00
- Lease facility tenure60 (Sixty) Months
- Working capital loan tenure12 (Twelve) Months
- Residual value at end of lease term5.00%
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