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 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.