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 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:

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:

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.

Aegis Logistics Limited , a leading player in India's oil, gas, and chemical logistics sector, has reported strong financial results for the second quarter of fiscal year 2026, demonstrating significant growth across key metrics.

Financial Highlights

The company's consolidated revenue surged by 31% year-on-year to INR 2,294.00 crores, up from INR 1,750.00 crores in the same quarter last year. This growth was accompanied by a substantial improvement in profitability:

• Normalized EBITDA increased by 46% to INR 347.00 crores from INR 237.00 crores
• Profit after tax (PAT) rose by 61% to INR 244.00 crores from INR 152.00 crores

Operational Performance

Aegis Logistics achieved record LPG volumes during the quarter:

• Total LPG throughput volume reached 1.41 million tonnes, a 32% increase from 1.06 million tonnes in Q2 FY25
• Distribution volumes grew by 49% to 1.92 lakh metric tonnes
• Sourcing sales volume increased by 7% to 2.08 lakh metric tonnes

Strategic Developments and Expansion

The company is actively pursuing several major expansion projects:

1. JNPT Expansion: A INR 1,675.00 crores CAPEX project at Jawaharlal Nehru Port Trust (JNPT) is underway, which includes:

   • 318,100 cubic meters of additional liquid capacity
   • 77,286 metric tons of LPG capacity
   • An LPG bottling plant with approximately 35,000 metric tons per annum capacity

2. Pipavav Ammonia Terminal: India's first ammonia terminal with a 36,000 metric tonne capacity is being developed at Pipavav, expected to be operational in Q1 of the next fiscal year.

3. Vadhavan Port: Aegis has signed a non-binding memorandum of understanding for a potential INR 20,000.00 crores investment in the proposed Vadhavan Port.

4. Mangalore Facilities: The company is working on enhancing its presence in Mangalore, including the addition of a rail gantry for improved logistics efficiency.

5. Pipeline Connectivity: Aegis is in the process of connecting to several key pipelines, including KGPL (Kandla-Gorakhpur Pipeline) and JLPL (Jamnagar-Loni Pipeline), which are expected to boost throughput volumes significantly.

Management Commentary

Raj Chandaria, Executive Chairman & Managing Director, commented on the results: "We are pleased to share that Aegis Logistics continues its strong growth momentum, driven by both volume expansion and operational efficiencies across our key business segments."

Murad Moledina, Chief Financial Officer, added: "We are confident and bullish on distribution margins as well as volumes to continue. We work towards a 30% CAGR growth as far as distribution volumes are concerned."

Future Outlook

The management expects to exceed their previously guided 25% CAGR growth target from 2022 to 2027. The company's ongoing expansion projects, coupled with strategic investments in new ports and terminals, position Aegis Logistics for sustained growth in the coming years.

Aegis Logistics remains committed to its long-term strategy of building world-class infrastructure across India's key ports while maintaining operational excellence and strong financial discipline. The company's integrated value chain, backed by a robust balance sheet, positions it well for sustainable growth and long-term shareholder value creation.