Aegis Logistics Limited (ALL) has announced a significant asset transfer, agreeing to sell its recently commissioned Liquefied Petroleum Gas (LPG) terminal at Pipavav to its associate company, Aegis Vopak Terminals Limited (AVTL), for a consideration of ₹428.40 crore. This move marks a notable development in the company's strategic operations within the oil and gas logistics sector.

Transaction Details

The company disclosed the following key details about the transaction:

• Agreement Date: July 10, 2025
• Expected Completion Date: July 10, 2025
• Transaction Type: Slump sale on a going concern basis
• Consideration: ₹428.40 crore (Four Hundred Twenty-Eight Crores and Forty Lakhs)

Asset Specifics

The asset being transferred is a state-of-the-art LPG terminal located at Pipavav, featuring:

• Cryogenic static storage capacity of 48,000 MT
• Recently commissioned on July 3, 2025

Strategic Rationale

The transfer of the LPG terminal to AVTL is aligned with the group's strategy to consolidate its LPG terminalling services at Pipavav port under AVTL's management. This move is expected to:

1. Leverage growing service demand
2. Enhance operational synergy within the group

Related Party Transaction

The transaction has been classified as a related party transaction, with Aegis Logistics confirming that it has been conducted on an arm's length basis. This ensures compliance with regulatory requirements and maintains transparency for shareholders.

Regulatory Compliance

Aegis Logistics has affirmed that the transaction does not fall under the purview of Regulation 37A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, as the LPG storage terminal does not meet the definition of an "undertaking" as per these regulations.

Impact on Financials

As the LPG terminal was only recently commissioned on July 3, 2025, Aegis Logistics noted that there is no applicable turnover or net worth contribution from this unit for the financial year ending March 31, 2025.

Conclusion

This strategic move by Aegis Logistics to transfer its Pipavav LPG terminal to Aegis Vopak Terminals Limited represents a significant step in optimizing its asset portfolio and operational structure. The transaction, valued at ₹428.40 crore, is expected to enhance the group's ability to meet growing demand for LPG terminalling services while improving overall operational efficiency.

Aegis Logistics Limited (ALL) has announced a significant move in its operations, agreeing to transfer its recently commissioned Liquefied Petroleum Gas (LPG) terminal at Pipavav to Aegis Vopak Terminals Limited (AVTL) for a consideration of ₹428.40 crore. This strategic decision, disclosed in a regulatory filing on July 10, 2025, marks a notable development in the company's asset management and operational strategy.

Transaction Details

The transfer involves the LPG terminal with a cryogenic static storage capacity of 48,000 MT located at Pipavav. The deal is structured as a slump sale, meaning the entire unit will be transferred on a going concern basis. Here are the key aspects of the transaction:

Strategic Rationale

The transfer of the LPG terminal to AVTL is aligned with the group's strategy to consolidate its LPG terminalling services at Pipavav port under AVTL's management. This move is expected to:

1. Leverage growing service demand
2. Enhance operational synergy within the group
3. Optimize asset utilization and management

Impact on Financials

As the LPG cryogenic Terminal at Pipavav was only recently commissioned on July 3, 2025, its contribution to Aegis Logistics' turnover and net worth for the financial year ending March 31, 2025, is not applicable. The full financial impact of this transfer will likely be reflected in future financial statements.

Regulatory Compliance

Aegis Logistics has confirmed that the transaction complies with the necessary regulatory requirements:

• The deal is executed under a Business Transfer Agreement (BTA)
• It falls outside the Scheme of Arrangement
• The transaction does not trigger Regulation 37A of SEBI (LODR) Regulations, as the LPG storage terminal does not meet the definition of an "undertaking" under these regulations

Company Profiles

Aegis Logistics Limited (ALL)

Aegis Logistics is primarily engaged in developing, owning, and operating a network of shore-based tank farm installations in India. These facilities provide logistics solutions for oil, gas, chemicals, and petrochemical industries.

Aegis Vopak Terminals Limited (AVTL)

AVTL specializes in operating and managing independent storage and handling facilities. Their infrastructure includes storage terminals and pipelines connected to vessel jetties, catering to various products such as chemicals, edible and non-edible oil products, petroleum products, LPG, and other gases including LNG.

This strategic move by Aegis Logistics underscores the company's focus on optimizing its asset portfolio and strengthening its position in the LPG terminalling services sector. As the energy landscape continues to evolve, such strategic realignments may become increasingly common among key players in the industry.