Aegis Logistics Seeks Shareholder Approval for ₹703 Crore Related Party Transaction

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:

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

Financial Implications

Aspect	Details
Transaction Value	Up to ₹703.00 crores
Percentage of Consolidated Turnover	10.39%
AGPL's Standalone Turnover	154.90%
AVTL's Consolidated Turnover	113.19%

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.90%	+3.75%	+1.39%	-2.01%	-21.94%	+188.24%

Aegis Logistics Limited has completed the execution of a major share purchase agreement, marking the formal conclusion of its previously announced subsidiary stake sale. The transaction involves the sale of majority stakes in Hindustan Aegis LPG Limited (HALPG) through a comprehensive agreement signed on January 02, 2026.

Share Purchase Agreement Details

Aegis Gas (LPG) Private Limited (AGPL), a wholly-owned subsidiary of Aegis Logistics, has entered into a Share Purchase Agreement with Aegis Vopak Terminals Limited (AVTL), Vopak India B.V., and HALPG. The agreement encompasses the sale of shares by both AGPL and Vopak to AVTL.

Transaction Component	Details
AGPL's Stake Sale	6,21,146 equity shares (51%)
Vopak's Stake Sale	2,92,303 equity shares (24%)
Total Transaction Value	₹1,031.77 crore
AGPL's Share	₹701.61 crore
Agreement Date	January 02, 2026

Transaction Background

This development follows the company's earlier disclosure dated October 29, 2025, regarding the proposal for the stake sale, and the subsequent shareholders' approval obtained through Postal Ballot on December 01, 2025. The transaction represents a significant restructuring of Aegis Logistics' portfolio structure.

Financial Impact Assessment

Based on HALPG's financial contribution to Aegis Logistics as of the last financial year ending March 31, 2025, the subsidiary's performance metrics show:

Financial Metric	HALPG's Contribution
Turnover	₹168.13 crore (2.49% of Aegis Logistics)
Net Worth	₹447.24 crore (10.07% of Aegis Logistics)

Corporate Structure Changes

Following the completion of this transaction, HALPG will cease to be a subsidiary of AGPL and will no longer remain a step-down subsidiary of Aegis Logistics Limited. The agreement provides AVTL with the right to appoint a nominee director on HALPG's board, effective from the date of share transfer.

Regulatory Compliance

The transaction has been structured in compliance with regulatory requirements:

Compliance Aspect	Status
Related Party Transaction	Yes, conducted on arm's length basis
Independent Valuation	Completed
Shareholders' Approval	Obtained via Postal Ballot
SEBI LODR Compliance	Fully compliant

Additional Portfolio Restructuring

In a related development, Aegis Vopak Terminals Limited (AVTL) has also approved the acquisition of a 96% stake in Aegis Terminal (Pipavav) Limited (ATPL) from AGPL, valued at ₹4.80 lakh, with completion expected by November 30, 2025.

The execution of this share purchase agreement represents a significant milestone in Aegis Logistics' strategic portfolio restructuring. The transaction is expected to impact the company's operational focus and financial structure, with market participants closely monitoring the implications for the company's position in the LPG and logistics sectors.