Promoter creates pledge on 1,19,00,000 shares (14.92%) to secure Rs. 85 crore term loan
Promoter Pristine Malwa Logistics Park Pvt Ltd has created a pledge on 1,19,00,000 equity shares of Sical Logistics, equal to 14.92% of total share capital.
By ScoutQuest · · 1 min read
- Shares Pledged
- 1,19,00,000 equity shares (14.92% of total share capital)
- Pledge Secured Against
- ₹85 crore Term Loan Facility from Axis Bank Limited
- Promoter Holding
- 5,86,41,903 shares (73.5% of total share capital)
- Post-Event Encumbered Shares
- 1,19,00,000 (14.92%)
- Pledge Created Date
- 23.09.2026
What was shared
Pristine Malwa Logistics Park Private Limited, a promoter of Sical Logistics Limited, disclosed the creation of a pledge on certain equity shares of the company under Regulation 31(1) of the SEBI Takeover Regulations. The pledge follows an Unattested Deed of Pledge of Securities (Shares) dated 15.09.2026 and was created through the depository system on 23.09.2026.
The numbers
- Promoter holding: 5,86,41,903 shares, or 73.5% of total share capital
- Shares already encumbered before this event: Nil
- Shares pledged in this event: 1,19,00,000, equal to 14.92% of total share capital
- Post-event encumbered holding: 1,19,00,000 shares (14.92%)
Who and why
The pledge is in favour of CTL Trusteeship Limited as security trustee, with Axis Bank Limited named as the lender. The stated reason is to secure the ₹85 crore Term Loan Facility availed by Sical Logistics Limited from Axis Bank Limited.
How to read this
A pledge means the promoter has offered its shares as collateral for borrowing. Here the borrowing is by the listed company itself, and the promoter's shares back that term loan. The promoter continues to own the shares; the lender's security trustee gains rights over them while the facility is outstanding. Investors often track promoter pledge levels because a pledge links promoter shareholding to the borrower's ability to service the loan.
The update was signed by Mr. Vikash Kumar Verma, Director of Pristine Malwa Logistics Park Private Limited, and was reported on 28.09.2026 to BSE and NSE, with a copy to Sical Logistics Limited.
Also from Sical Logistics
Promoter group entity acquires 5,85,72,399 equity shares under sanctioned amalgamation scheme
6 Oct 2026
Sical Logistics Ltd: promoter reports multiple share transactions
6 Oct 2026
Sical Logistics: 5,85,72,399 shares (73.41%) move from Pristine Malwa to Pristine Logistics under amalgamation
5 Oct 2026
More numbers
- Promoter holding in target company5,86,41,903
- Promoter holding % of total share capital73.5
- Shares pledged in this event1,19,00,000
- Pledged shares as % of total share capital14.92
- Term loan facility secured₹85 crore
- Post-event encumbered shares1,19,00,000
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