Rights Issue29 May 2026, 07:52 pm
Sical Logistics: Rights Issue Deviation of ₹23 Lakhs
AI Summary
Sical Logistics Ltd reported a deviation of ₹23 lakhs (0.33%) in the utilization of funds raised through its rights issue for the quarter ended March 31, 2026. The funds, raised on March 12, 2026, totaled ₹9,303 lakhs. The deviation is attributed to the deployment of funds exceeding the originally allocated amount for repayment and/or prepayment of loans. The audit committee reviewed the statement on May 29, 2026. The company's website hosts the statement.
Key Highlights
- Sical Logistics reports a ₹23 Lakhs deviation in rights issue fund utilization.
- Deviation due to excess deployment for loan repayment.
- Audit Committee reviewed the deviation on May 29, 2026.
- Rights issue raised ₹9,303 lakhs on March 12, 2026.
Price Impact
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