
Loan & Debt27 Oct 2026, 09:20 pm
Sical Logistics Signs Lease & Loan Agreements with Tata Capital
AI Summary
Sical Logistics Limited has executed a Master Lease Agreement and a Working Capital Demand Loan Agreement with Tata Capital Limited. The company will avail a lease facility of Rs. 81 crore (Rupees Eighty-One Crore Only) for a period of 60 months, with an option to purchase the leased equipment at residual value. Additionally, a working capital demand loan of Rs. 10 crore (Rupees Ten Crore Only) for a period of 12 months has been secured. The lease proceeds will be used for acquiring goods on lease, while the loan will support the company's working capital requirements. The agreements were executed on October 27, 2026.
Key Highlights
- Executed Master Lease and Working Capital Loan Agreements with Tata Capital.
- Lease facility of Rs. 81 crore secured for 60 months.
- Working capital loan of Rs. 10 crore secured for 12 months.
- Lease proceeds for acquiring leased goods; loan for working capital.
- Company to purchase leased equipment at residual value post-term.
Price Impact
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