Sical Logistics: 5,85,72,399 shares (73.41%) move from Pristine Malwa to Pristine Logistics under amalgamation

Pristine Logistics & Infraprojects Ltd has received 5,85,72,399 equity shares of Sical Logistics Ltd. This is 73.41% of Sical Logistics' diluted share capital.

Mon 5 Oct 2026

Shares transferred

5,85,72,399 equity shares of Sical Logistics Ltd

Stake as % of diluted share capital

73.41%

Transferor entity

Pristine Malwa Logistics Park Private Ltd (now holds Nil)

Recipient entity

Pristine Logistics & Infraprojects Ltd (previously held Nil)

Basis of transfer

Scheme of Amalgamation sanctioned by Regional Director, Northern Region Directorate-I; exempt under Regulation 10(1)(d)(iii) of SEBI…

What the update says

• Pristine Malwa Logistics Park Private Limited has amalgamated into Pristine Logistics & Infraprojects Limited under a Scheme of Amalgamation sanctioned by the Regional Director, Northern Region Directorate-I, New Delhi, under section 233 of the Companies Act, 2013.
• As part of that scheme, the Sical Logistics Limited shares held by Pristine Malwa have been transferred to and vested in Pristine Logistics & Infraprojects Limited.

The share movement

• Before the transfer: Pristine Malwa Logistics Park Private Limited held 5,85,72,399 equity shares of Sical Logistics, being 73.41%; Pristine Logistics & Infraprojects Limited held Nil.
• After the transfer: Pristine Logistics & Infraprojects Limited holds 5,85,72,399 equity shares, being 73.41%; Pristine Malwa Logistics Park Private Limited holds Nil.
• The date of acquisition stated is 01.10.2026 and the price stated is NIL, since the transfer is made pursuant to the sanctioned Scheme of Amalgamation.

Why no open offer

• The update states the acquisition is exempt from an open offer under Regulation 10(1)(d)(iii) of the SEBI (SAST) Regulations, 2011, being an inter-se transfer of shares amongst the promoter and promoter group of Sical Logistics.
• The disclosure itself is made under Regulation 10(6) of the same regulations.

What this means for an investor

• The identity of the holder of this large block changes, but the block itself is the same: 5,85,72,399 shares, or 73.41%, was with one promoter group entity before and is with another promoter group entity after.
• No purchase from the market is involved in this change, and the stated price is NIL, so no cash is shown as paid for these shares in this transaction.
• Going forward, this stake sits with Pristine Logistics & Infraprojects Limited, so disclosures about this holding would come from that entity.

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