Sical Logistics Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Dec 2018

Auditor and Management Disclosures and Notes for the quarterly results dated 31 Dec 2018


[a] Pursuant to Reg33 of SEBI [LODR] Regulations, 2015, the company has opted to publish only consolidated financial results providing details as required under Annexure I Format for newspaper publishing purpose vide SEBI Circular CIR/CFD/FAC/62/2016 dated 5 July 2016 Investors can view the standalone and consolidated financial results of the company on the Company's website www.sicalin/investors/financial results o rthe website of BSE ['or NSE [].

[b] The above unaudited consolidated financial results were reviewed by the audit committee and approved and authenticated by the Board of Directors of the Company at their meeting held on 2 February 2019.

[c] The Company is primarily engaged in providing integrated logistics services which is considered as single business segment in terms of segment reporting as per IndAS 108. There being no services rendered outside India, there are no separate geographical segments to be reported on.

[d] Pursuant to Regulation 54[2] of the SEBI [LODR] Regulations, 2015, it is hereby disclosed that the Company has provided the dredger belonging to its subsidiary and the spares and machinery held by the Company as security for the 11% secured Redeemable Non-Convertible Debentures of Rs.100 cr. issued to IDFC Bank Limited on a private placement basis and the asset cover is 1.1 times as on 31 December 2018.

[e] The Company has allotted 29,18,570 equity hares of Rs.10 each at a premium of Rs.185 to Giri Vidhyuth [India] Limited on preferential basis on 17 November 2018.

[f] Figures pertaining to the previous periods have been regrouped, reclassified and rearranged wherever necessary.