Aegis Logistics Limited has taken a significant step towards expanding its infrastructure capabilities by signing a Framework Agreement with its associate company, Aegis Vopak Terminals Limited (AVTL). The agreement, executed on November 5, 2025, outlines plans for a major terminal project at Jawaharlal Nehru Port (JNPA).

Project Details

The project, dubbed 'J2 Project', involves the construction and development of a Greenfield Terminal at JNPA with the following specifications:

Financial Aspects

Under the terms of the agreement, Aegis Logistics is set to receive ₹502.50 crore from AVTL upon the execution of the Framework Agreement. This transaction marks a significant financial commitment to the project's development.

Operational Structure

The Framework Agreement stipulates that Aegis Logistics will be responsible for constructing and developing the Greenfield Terminal. Upon completion of the project, AVTL will acquire the terminal from Aegis Logistics. The companies will execute separate Asset Transfer Agreements following the project's completion.

Corporate Relationship and Compliance

It's worth noting that AVTL is an Associate Company of Aegis Logistics, making this a related party transaction. However, the company has confirmed that the deal has been conducted on an arm's length basis, ensuring compliance with regulatory requirements.

Regulatory Disclosure

The agreement's disclosure was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This transparency ensures that shareholders and the market are fully informed about this significant corporate action.

Implications

This agreement represents a strategic move for Aegis Logistics, potentially enhancing its position in the logistics and storage sector. The substantial investment and the scale of the project indicate confidence in the growth potential of port-based storage and distribution facilities.

As the project progresses, stakeholders will likely keep a close eye on its development and the subsequent impact on Aegis Logistics' operational capacity and financial performance.

Aegis Logistics Limited , a key player in the Indian logistics sector, has announced a significant corporate action that could reshape its operational structure. The company has issued a postal ballot notice seeking shareholder approval for a material related party transaction valued at up to ₹703.00 crores.

Transaction Details

The proposed transaction involves the sale of a 51% equity stake in Hindustan Aegis LPG Limited (HALPG) by Aegis Gas (LPG) Private Limited (AGPL), a wholly-owned subsidiary of Aegis Logistics, to Aegis Vopak Terminal Limited (AVTL), an associate company. This move is part of a larger restructuring that aims to consolidate LPG throughput services from various locations across India under AVTL.

Key Points of the Transaction

• Valuation: The transaction is valued at 10.39% of Aegis Logistics' consolidated turnover.
• Current Ownership: AGPL currently holds a 51% equity stake in HALPG.
• Post-Transaction Ownership: AVTL is set to hold a 75% stake in HALPG after the completion of this transaction and a separate transfer of 24% equity from Vopak India BV.
• Approval Process: The Audit Committee has approved the transaction, subject to shareholder consent.
• Voting Period: E-voting for shareholders is scheduled from November 1 to November 30, 2025.

Strategic Rationale

The company states that this restructuring is designed to:

1. Promote operational synergies within the group structure.
2. Enhance business efficiency.
3. Consolidate LPG throughput services under AVTL, excluding the Mumbai Terminal.
4. Strengthen AVTL's position in the LPG logistics segment.

Financial Implications

Valuation and Compliance

The transaction is based on an independent valuation report by Deloitte Haskins & Sells. The company assures that the deal will be conducted on an arm's length basis, adhering to regulatory requirements and protecting the interests of all entities involved.

Aegis Logistics' Continued Involvement

Post-transaction, Aegis Logistics will maintain an indirect holding of approximately 33.5% in HALPG through its 44.71% equity stake in AVTL. The company states that this structure will protect its interests in HALPG while allowing for strategic focus on its premium Mumbai Terminal market.

Shareholder Action Required

Shareholders are urged to participate in the e-voting process, which will run from November 1 to November 30, 2025. The outcome of this vote will determine the approval of this material related party transaction.

As Aegis Logistics navigates this strategic restructuring, stakeholders will be watching closely to see how this move impacts the company's operational efficiency and market position in the competitive LPG logistics sector.