
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.
Price Impact
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