Intimation under Regulation 30 of SEBI [LODR] Regulations, 2015
Pursuant to Regulation 30 of the SEBI [LODR] Regulations, 2015, we hereby submit an update on the e-voting by the Committee of Creditors (CoC) of Sical Logistics Limited for your information and records.
Under Sub-Section (4) of Section 30 of THE INSOLVENCY AND BANKRUPTCY CODE, 2016, the Resolution Professional sought the approval of Committee of Creditors on the compliant resolution plans received from the resolution applicants. The e-voting window was kept open from 10:00 AM on 28th February 2022 to 7:30 PM on 18th March 2022.
The resolution plan submitted by the Resolution applicant, Pristine Malwa Logistics Park Private Limited has been voted in favour by CoC with 77.55% voting share. Other resolution plans which were put up for voting did not receive the requisite voting of 66% in favour from the CoC.
This may kindly be taken on record.
Thanking you,
Yours faithfully,
For Sical Logistics Limited
Radhakrishnan Company Secretary
Registered Office : South India House, 73, Armenian Street, Chennai :: 600001 CIN : L51909TN1955PLC002431
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Sical Logistics Limited published this content on 21 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 March 2022 03:57:07 UTC.
Sical Logistics Limited is an integrated multimodal logistics solutions provider. The Company is into logistics namely port handling, road and rail transport, warehousing, shipping, stevedoring, customs handling, trucking, retail logistics, mining, and integrated logistics. It has various business segments, such as mining, port logistics, road and rail transport, container freight station, warehousing, shipping. In addition, it also provides offshore support services to the oil and gas industry. It has a portfolio of integrated logistics solutions, including terminal handling, chartering, shipping agency, custom house agency, stevedoring, dredging and complemented by rail and road infrastructure. It is also involved in surface mining of coal and transportation, removal of overburden and transportation, and mining development and operation. It offers logistics solutions for both bulk and container cargo. It also offers operation and maintenance solutions for offshore supply vessels.