Sical Logistics Sells Non-Core Assets for ₹33.09 Crore
Sical Logistics Limited has completed the sale of its non-core assets, comprising two land parcels totaling 5.52 acres in Kottapattu village, Trichy district, Tamil Nadu. The sale, finalized on Decemb...
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Why is Sical Logistics Limited in the news today?
Sical Logistics Limited (SICALLOG) is in the news due to the sale of non-core assets is a procedural step aligned with a previously approved resolution plan. while it generates funds, it does not inherently indicate a significant positive or negative shift in the company's operational performance or future outlook based solely on this announcement.
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Sical Logistics Sells Non-Core Assets for ₹33.09 Crore
December 29, 2025, 12:48 PM
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More Details on This News
Sical Logistics Limited has completed the sale of its non-core assets, comprising two land parcels totaling 5.52 acres in Kottapattu village, Trichy district, Tamil Nadu. The sale, finalized on December 29, 2025, generated a consideration of ₹33.09 crore.
This transaction is in accordance with the company's resolution plan, which was submitted by Pristine Malwa Logistics Park Private Limited and approved by the Hon'ble National Company Law Tribunal, Chennai bench, on December 08, 2022, under Section 31 of the Insolvency and Bankruptcy Code, 2016.
The buyer of these assets is Wisteria Towers Private Limited. The sale does not fall within related party transactions. The company will also host this information on its website, sical.in.
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