Outcome of board meeting of Sical Logistics

Held on 04 October 2018

The Board of Sical Logistics at its meeting held on 04 October 2018 transacted the following -

The Board approved an expression of interest from Giri Vidhyuth (India), an entity belonging to the promoter group of the company, to subscribe to the equity shares of the Company on preferential allotment basis.

To convene an EGM on 31 October, 2018 interalia to consider the [1] increasing the authorised equity share capital of the company from Rs 60 crore to Rs 70 crore and consequential amendments to the memorandum and articles of association of the company [2] to issue and allot 65,71,928 equity shares at a price of Rs 195 per share aggregating to Rs 128.15 crore on preferential basis to Giri Vidhyuth and [3] to approve the related party transaction.

The Board also accepted Tanglin Retail Reality Developments' request to terminate the Share Subscription Agreement dated 07 September 2018 between the Company and Tanglin Retail Reality Developments, and pursuant thereto, such Share Subscription Agreement stands terminated

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