Sical Logistics Limited has announced the results of its postal ballot, wherein shareholders approved two key resolutions.

The first resolution, a special resolution, approved the re-appointment of Mr. Seshadri Rajappan as a whole-time director for another term of three consecutive years, effective from January 11, 2026, to January 10, 2029. His remuneration will be up to ₹74,00,000 per annum, excluding perquisites, with provisions for remuneration in case of inadequate profits. He will be subject to retirement by rotation.

The second resolution, an ordinary resolution, approved a subsequent material modification in the approved related party transaction between Sical Logistics Limited and its immediate holding company, Pristine Malwa Logistics Park Private Limited. This modification involves reducing the number of leased commercial equipment and the lease rent. The lease for twenty-one commercial equipment for three years (March 2025-February 2028) and seventeen commercial equipment for three years (April 2025-March 2028) remains. However, the lease rent has been revised. For FY 2025-26, the lease rent will be up to ₹21.08 crore (exclusive of taxes); for FY 2026-27, up to ₹15.67 crore; and for FY 2027-28, up to ₹15.01 crore.

The remote e-voting process concluded on January 09, 2026, at 05:00 p.m. IST. The scrutinizer's report confirmed that both resolutions were passed by the shareholders with the requisite majority on January 09, 2026.