
Management Change9 Jul 2026, 03:46 pm
Sical Logistics CFO Resigns to Focus on Subsidiary
AI Summary
Sical Logistics Limited announced the resignation of Mr. K. Rajavel from his position as Chief Financial Officer (CFO) and Key Managerial Personnel, effective July 9, 2026. Mr. Rajavel is stepping down to dedicate his full time and attention to his role as CFO of Sical Multimodal and Rail Transport Limited, a material subsidiary. This move is attributed to the expanding business operations of the subsidiary, requiring his increased involvement. The company has provided the necessary disclosures as per SEBI regulations.
Key Highlights
- CFO Mr. K. Rajavel resigns from Sical Logistics.
- Resignation effective July 9, 2026.
- Reason: To focus on CFO role at material subsidiary.
- Move due to subsidiary's expanding operations.
Price Impact
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