Loan & Debt31 Oct 2025, 05:41 pm
Sical Logistics Secures Rs. 38 Crore Term Loan from HDFC Bank for Equipment Purchase
AI Summary
Sical Logistics Limited has executed a term loan agreement with HDFC Bank Limited for an amount up to Rs. 38,00,00,000. The loan will be utilized for the purchase of commercial equipment from Pristine Malwa Logistics Park Private Limited, a holding company of the Company. The equipment is currently leased to the Company by Pristine Malwa Logistics Park Private Limited. The loan has a tenure of 53 months and a rate of interest of 9% per annum.
Key Highlights
- Sical Logistics Limited has secured a term loan of up to Rs. 38,00,00,000 from HDFC Bank Limited.
- The loan will be used for the purchase of commercial equipment from a holding company of the Company.
- The equipment is currently leased to the Company by the holding company.
- The loan has a tenure of 53 months and a rate of interest of 9% per annum.
- The loan agreement was executed on October 31, 2025.