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Loan & Debt31 Jul 2026, 05:50 pm

Sical Logistics Executes Master Lease Agreement with Tata Capital for ₹72 Cr

AI Summary

Sical Logistics Limited has executed a master lease agreement with Tata Capital Limited, finalizing a lease facility of up to ₹72 crore. This agreement, effective July 31, 2026, follows a board approval on July 30, 2026, for availing this lease facility. The lease covers commercial equipment like dumpers, excavators, and dozers for a period of 60 months. Upon lease completion, Sical Logistics has the option to purchase the equipment at a residual value of 5% of the original cost plus applicable taxes. This transaction is not with related parties and does not fall under related party transactions.

Key Highlights

  • Master lease agreement executed with Tata Capital Limited.
  • Lease facility secured for up to ₹72 crore.
  • Agreement covers essential commercial equipment for 60 months.
  • Option to purchase equipment at residual value post-lease.
  • Transaction is at arm's length and not with related parties.