StockWatch
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Logistics Solution Provider
Rights Issue14 Aug 2026, 07:50 pm

Sical Logistics: Rights Issue Funds Fully Utilized

AI Summary

Sical Logistics Limited has submitted a statement on the deviation or variation in the utilization of funds raised through its rights issue for the quarter ended June 30, 2026. The company confirmed that the entire funds raised have been fully utilized. The statement, reviewed by the audit committee, indicates that actual issue-related expenses were lower than allocated, with the unutilized funds being deployed towards general corporate purposes. The variation in fund utilization was 3.00%. The company's rights issue raised Rs. 9,303 lakhs, with funds allocated for repayment of borrowings and general corporate purposes.

Key Highlights

  • Sical Logistics confirms full utilization of rights issue funds.
  • Unutilized funds deployed for general corporate purposes.
  • Variation in fund utilization reported at 3.00%.
  • Audit committee reviewed the statement on August 14, 2026.
  • Rights issue raised Rs. 9,303 lakhs.