Transaction Details
Aegis Logistics Limited ("the Company") and Aegis Terminal (Pipavav) Limited ("ATPL"), its step-down subsidiary, executed a Business Transfer Agreement ("BTA") on August 24, 2026. The agreement involves the transfer of a specialized storage terminal for Ammonia with static capacity of 36,000 MT located at Pipavav Port to ATPL via slump sale on a going concern basis.
Financial Considerations
The consideration to be received by the Company for the transfer is INR 5,250,000,000 (Indian Rupees Five Hundred Twenty-five Crores only) payable upon execution of the BTA. The transaction represents a cash consideration slump sale.
Transaction Timing and Completion
The agreement was entered into on August 24, 2026, with the expected date of completion also being August 24, 2026, indicating immediate effect upon execution.
Parties Involved
The buyer is Aegis Terminal (Pipavav) Limited ("ATPL"), which is identified as the step-down subsidiary of Aegis Logistics Limited. This constitutes a related party transaction, but it is stated to be undertaken at arm's length basis.
Historical Financial Data
As the specialized storage terminal for Ammonia at Pipavav Port was recently commissioned on August 10, 2026, turnover and net worth contribution of the unit as of March 31, 2026 is not applicable and not provided.
Business Rationale
The transfer strengthens the Group's position in specialized chemicals and gas logistics sector and provides critical infrastructure to support growing demand from fertilizer, industrial and emerging clean energy value chains. The consolidation of terminalling services under the Group enables operational synergy and has the potential to create a new growth platform by leveraging sourcing, logistics and distribution expertise.
Shareholding Impact
There is no change in the shareholding pattern of Aegis Logistics Limited resulting from this transaction.