Aegis Logistics Ltd. — AGM Information 2025

Aug 14, 2025

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August 14, 2025

To, The Secretary, Capital Market Operations Market Operations Dept., The National Stock Exchange of India Ltd. The Bombay Stock Exchange Ltd. Exchange Plaza, 5[th] Fl., Plot No.C/1, Phiroze Jeejeebhoy Towers, G Block, Bandra-Kurla Complex, Dalal Street, Fort, Bandra (E), Mumbai – 400 001. Mumbai – 400 051. Scrip Code: 500003 Scrip Code: AEGISLOG

Dear Sir/Madam,

Sub.: Proceedings of the 68[th] Annual General Meeting held on August 14, 2025 pursuant – to Regulation 30 read with Schedule III part A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR”)

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, we hereby inform that the 68th Annual General Meeting (AGM) of the Company was held on Thursday, August 14, 2025 at 03:00 p.m. (IST) through Video Conferencing (“VC”) / Other Audio Visual Means (“OAVM”) in accordance with the circular(s) issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India.

In this regard, we enclose herewith the proceedings of the 68[th] Annual General Meeting (‘AGM’) of the Company and the Chairman’s speech delivered at the AGM.

You are requested to take the above information on record.

Thanking you.

Yours faithfully,

For AEGIS LOGISTICS LIMITED

Sneha Digitally signed by Lavaraj Sneha Lavaraj Parab Date: 2025.08.14 Parab 17:39:31 +05'30' SNEHA PARAB COMPANY SECRETARY

Encl. : a/a

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Gist of proceedings of the 68[th] Annual General Meeting of Aegis Logistics Limited

The 68[th] Annual General Meeting (“AGM”) of the Members of the Company was held on Thursday, August 14, 2025 at 03:00 p.m (IST) through Audio Video Conference (‘AVC’) facility.

As the requisite quorum was present as per the records of attendance, Ms. Sneha Parab, Company Secretary read out instructions for the meeting to be held through AVC facility. Mr. Raj Chandaria, Chairman & Managing Director thereafter called the meeting in order and proceeded with the same.

The Chairman delivered Chairman Speech giving an overview of the performance of the Company for the financial year ended 31[st ] March, 2025.

It was announced that there were no qualifications, observations or comments on the Secretarial matters and financial transactions or matters which have adverse effect on the functioning of the Company as per the Secretarial Auditors’ Report for the financial year ended 31[st] March, 2025 and as per Statutory Audit Report on the Financial Statements for the year ended 31[st] March, 2025.

The speaker shareholders were invited to ask any queries that they may have on the Company’s financial accounts or business operations of the Company. The Chairman & Managing Director, Mr. Raj Chandaria then provided satisfactory response to the queries raised by speaker shareholders.

Thereafter, the Chairman announced that Mr. Prasen Naithani, Practicing Company Secretary was appointed as a Scrutiniser to scrutinize the remote e-voting that commenced at 9.00 a.m. IST on Sunday, August 10, 2025 and ended at 5.00 p.m. IST on Wednesday, August 13, 2025 and the e- voting during the AGM. He then requested the Members present who had not casted their vote earlier to vote through e-voting systems during the Meeting.

The Chairman informed that the details of the voting results (remote e-voting and e-voting at the AGM) on all the resolutions as set out in the Notice of AGM along with the Scrutinizer’s Report will be promptly communicated to BSE Ltd. and National Stock Exchange of India Ltd. and will be simultaneously uploaded on the website of the Company within two working days of the meeting.

The resolutions briefly related to:

1. Adoption of the Audited Standalone & Consolidated Financial Statements together with the reports of the Board of Directors and Auditors thereon for the financial year ended March 31, 2025 (Ordinary Resolution).

2. Declaration of Final dividend on equity shares @ Rs.6.00 per equity share of the Company having face value of Rs. 1 each and confirm 1 (one) Interim Dividend @ Rs. 1.25 per equity share declared and paid on the face value of Re. 1/- each during the financial year 2024-25 (Ordinary Resolution).

3. Appointment of Director in place of Mr. Rahul Asthana (DIN: 00234247), who retires by rotation and being eligible, offers himself for re-appointment (Ordinary Resolution).

4. Re-appointment of Ms. Tasneem Ahmed Ali (DIN: 03464356) as an Independent Director of the Company (Special Resolution).

5. Appointment of M/s Naithani & Shetty Associates as Secretarial Auditor of the Company for the first term of five years. (Ordinary Resolution).

6. Approval of material related party transaction(s) proposed to be entered into by the Company. (Ordinary resolution).

7. Approval of material related party transaction(s) proposed to be entered into by Aegis Gas (LPG) Private Limited (“AGPL”), wholly owned subsidiary of the Company. (Ordinary resolution).

8. Approval of material related party transaction(s) proposed to be entered into by Sea Lord Containers Limited (“SCL”), wholly owned subsidiary of the Company. (Ordinary resolution).

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9. Approval of material related party transaction(s) proposed to be entered into by Aegis Group International Pte Limited, Subsidiary Company. (Ordinary resolution).

The Meeting concluded at 03:36 p. m (IST) (including 15 minutes of e-voting time given during the AGM.)

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Dear Members of Aegis Logistics Limited,

Ladies and Gentlemen,

On behalf of the Board of Directors, I thank you all for your kind presence here today.

The company has made significant efforts to enable shareholders to participate in this AGM and vote on the items being considered in the meeting as per the guidance of the MCA and the SEBI.

I would like to share with you the highlights of the progress made by Aegis Group since we met in the previous AGM.

The financial performance for the whole year of FY 24-25 has been outstanding with Profit after Tax for the group increasing to INR. 787 crore versus INR. 672 crore in the previous year, a rise of 17.11% and resulting in Earnings per Share of INR. 18.90. This is mainly due to excellent performance of both our liquids and gas terminalling business as well as the LPG distribution business.

One of the Company’s material subsidiaries, i.e, Aegis Vopak Terminals Limited (AVTL), has successfully achieved the milestone of listing on BSE Limited and National Stock Exchange of India Limited effective from June 02, 2025 raising INR. 2800 crore in primary issuance.

During the year, we have commissioned two new liquid terminals at Mangalore with an aggregate capacity of 75,230 m3 and one at JNPA (Jawaharlal Nehru Port Authority) with a capacity of 101,900 m3.

Also, at Mangalore, the Group has commissioned an LPG cryogenic facility with the static storage capacity of 82,000 MT at Mangalore Terminal on 12th June, 2025. At Pipavav, the Company commissioned its LPG cryogenic terminal with static storage capacity of 48,000 MT on 3rd July 2025. Further, the Company has started development on an independent Ammonia storage terminal with a capacity of 36,000 MT at Pipavav, Gujarat.

The company remains in a strong financial position with a low debt to equity ratio of 0.41 and no net debt on 31 March 2025 on a consolidated basis.

The Company continues to evaluate and manage its dividend policy to build long term shareholder value. The Directors declared interim Dividend @125% of Rs. 1.25 per equity share during the financial year 2024-25 and the same was paid during financial year 2024-25.

Furthermore, the Board of Directors of the Company at its meeting held on June 19, 2025 has recommended the Final Dividend @ 600% of Rs. 6 per share of face value of Rs. 1/- each, which is subject to the approval of members at this Annual General Meeting and if approved will result in total dividend of Rs. 7.25 for FY 24-25.

Looking to the future, no responsible corporate citizen can avoid the issue of sustainability. I am pleased to say in this regard that we have incorporated it into our mission which is to distribute and store bulk liquids and gases in a safe and sustainable manner, and our company's purpose therefore, is to support India's transition to a more sustainable future. Ammonia will be part of this journey.

Our business strategy is consistent with this mission and we have, along with our JV partners, embarked on a large scale growth programme to build world class terminalling and distribution facilities for liquids and gases all over India incorporating the highest environmental and safety standards.

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I want to thank the Board of Directors for their immense support during what has been a very busy and fruitful year for the Group. I am also grateful to all our stakeholders for their consistent and resolute support and confidence in us. I also wish to acknowledge the contribution of our employees who execute our mission on a daily basis.

Raj K. Chandaria (Chairman of the Meeting) 14th August, 2025

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