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 has announced a strategic move to expand its presence in the storage and terminalling sector. The company's Board of Directors has approved the acquisition of a 96% equity stake in Aegis Terminal (Pipavav) Limited (ATPL), a step that could potentially strengthen its position in the oil, chemicals, and petroleum products storage industry.

Key Details of the Acquisition

About the Target Company

ATPL, incorporated on May 28, 2013, under the Companies Act, 2013, is positioned in the storage and terminalling facilities sector for oil, chemicals, and petroleum products. However, it's important to note that ATPL has not yet commenced commercial operations and consequently reports nil turnover.

Strategic Implications

The acquisition aims to support potential business activities for Aegis Vopak Terminals Limited. Upon completion of the transaction, ATPL will become a subsidiary of Aegis Vopak Terminals Limited, potentially expanding the company's operational capabilities in the storage and terminalling sector.

Regulatory Aspects

The company has confirmed that no governmental or regulatory approvals are required for this acquisition. The transaction has been structured as a related party transaction, conducted on an arm's length basis, adhering to regulatory standards.

Looking Ahead

While the immediate financial impact may be limited due to ATPL's pre-operational status, this move could be seen as a strategic positioning by Aegis Vopak Terminals Limited in anticipation of future market demands in the oil, chemicals, and petroleum products storage sector.

Investors and market watchers may want to keep an eye on how Aegis Vopak Terminals Limited integrates this acquisition into its broader business strategy and any subsequent developments in bringing ATPL's facilities into operation.