Aegis Logistics Limited has received two GST demand orders from Gujarat tax authorities, resulting in total penalties of ₹2.87 crores. The company disclosed this information to stock exchanges on January 5, 2026, in compliance with SEBI listing regulations.

GST Demand Orders Details

The logistics company received demand orders from two separate Gujarat tax authorities on January 5, 2026. Both orders were issued under DRC-07 of the CGST Act 2017 and relate to Input Tax Credit (ITC) disallowance violations.

Nature of Violations

Both demand orders have been imposed based on ITC disallowance issues. The orders pertain to different financial years, with the larger penalty of ₹2.29 crores relating to FY 2018-19 and the smaller penalty of ₹58.69 lakhs concerning FY 2021-22.

Company's Response and Impact Assessment

Aegis Logistics has assessed that these orders will not have any material impact on the company's financial, operational, or other activities. The company has indicated its intention to challenge these orders through proper legal channels.

Key aspects of the company's response include:

• No material impact expected on financial operations
• Plans to appeal against both orders before appropriate authority
• Compliance with regulatory disclosure requirements under SEBI LODR Regulations

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically under sub-paragraph 20 of paragraph A of Part A of Schedule III. This regulation mandates listed companies to inform stock exchanges about orders passed by regulatory authorities that could impact the company's operations.

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.