Aegis Vopak Terminals Limited has successfully executed a Share Purchase Agreement (SPA) dated January 02, 2026, marking a significant milestone in its acquisition of a 75% equity stake in Hindustan Aegis LPG Limited (HALPG). The company has formally entered into the agreement with Aegis Gas (LPG) Private Limited (AGPL), Vopak India B.V., and HALPG for the Rs 1,130 crore transaction.

Share Purchase Agreement Details

Transaction Structure and Governance

The Share Purchase Agreement provides Aegis Vopak Terminals with the right to appoint a nominee director on HALPG's board, effective from the date of share purchase completion. This governance provision will enable the company to have direct oversight of HALPG's operations and strategic direction.

The transaction has been structured as a related party transaction, with both AGPL and HALPG forming part of Aegis Vopak's promoter group, while Vopak India B.V. is one of the company's promoters. Despite the related party nature, the transaction has been determined based on an independent valuation report and is being conducted on an arm's length basis.

About Hindustan Aegis LPG Limited

HALPG, incorporated in 1994, specializes in the storage and terminalling of LPG and allied products. The company has demonstrated consistent growth in its operations:

Regulatory Compliance and Approvals

The acquisition process has followed all necessary regulatory procedures. The company had initially disclosed the acquisition proposal on October 29, 2025, followed by shareholders' approval through postal ballot on December 01, 2025. The execution of the Share Purchase Agreement represents the culmination of these regulatory processes.

The disclosure has been made pursuant to Regulation 30 of SEBI LODR read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, ensuring full compliance with listing obligations.

Strategic Impact

Upon completion by January 15, 2026, HALPG will become a subsidiary of Aegis Vopak Terminals Limited. This acquisition will strengthen the company's position in the LPG storage and terminalling sector, particularly at the Haldia location in West Bengal. The move aligns with Aegis Vopak's strategy to expand its terminalling business, complementing its existing network of 20 tank terminals across six Indian ports with a total storage capacity of 1.7 million cubic meters for liquid storage and 201,000 MT for LPG.

Aegis Vopak Terminals Limited , a key player in the Indian terminal and storage industry, has announced significant updates to its Non-Convertible Debentures (NCD) issuance along with recent board changes and fundraising initiatives.

Updated NCD Issuance Details

The company's Board of Directors approved a modification in the coupon rate for its NCD issuance on December 26, 2025. This update follows the earlier approval granted on December 04, 2025, for raising funds through NCDs on a private placement basis.

All other terms and conditions mentioned in the earlier disclosure dated December 04, 2025, remain unchanged. The modification reflects the company's response to market conditions and investor requirements.

Board Composition Changes

The company has made strategic changes to its board composition with the appointment of Mr. Wimal Roy Shylindra Kumar Samlal as Additional Non-Executive Non-Independent Director, effective October 16, 2025. Mr. Samlal brings over 28 years of financial sector experience and currently serves as senior vice president – Finance, Asia and Middle East at Vopak Asia Pte Ltd, Singapore.

Simultaneously, Mr. Deepak Gajanan Dalvi resigned from his position as Non-Executive Non-Independent Director, citing pre-occupation as the reason for departure.

Previous NCD Framework

The company had earlier approved a separate NCD issuance of up to Rs 660.00 crore with different terms, including a 6.92% interest rate, quarterly interest payments, and 3-year maturity. That issuance featured first ranking charge on tangible moveable fixed assets at Mangalore Port and included put and call options exercisable 12 months from allotment.

These corporate actions demonstrate Aegis Vopak Terminals' commitment to strengthening its financial position and governance structure. The updated coupon rate for the larger NCD issuance indicates the company's adaptation to prevailing market conditions while maintaining its fundraising objectives.