Aegis Logistics Ltd. — Capital/Financing Update 2022

May 20, 2022

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20 May, 2022

To, The Secretary, Capital Market Operations Market Operations Department, The National Stock Exchange of India Ltd. The BSE Ltd. Exchange Plaza, 5th Fl., Plot No.C/1, Phiroze Jeejeebhoy Towers, G Block, Bandra-Kurla Complex, Dalal Street, Fort, Bandra (E), Mumbai – 400 023. Mumbai – 400 051. Scrip Code: 500003 Scrip Code: AEGISCHEM

Sub: Update - Intimation pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulation”)

Ref: Intimation letter dated 12 July, 2021.

Dear Sir,

This bears reference to our earlier intimation dated 12th July, 2021 about having entered into a Share Subscription Agreement (“ SSA ”) among Aegis Logistics Limited (“ Company ”), Vopak India B.V. (“ Vopak ”) and the Company’s wholly owned subsidiary Aegis Vopak Terminals Limited (formerly known as Aegis LPG Logistics (Pipavav) Limited) (“ AVTL ”) wherein AVTL has agreed to issue to Vopak, and Vopak, has agreed to subscribe to, the shares of AVTL, such that upon completion of such subscription, the Company shall hold the legal and beneficial ownership to 51% of the share capital of AVTL and Vopak shall hold the legal and beneficial ownership to 49% of the share capital of AVTL.

With respect to the above, please note that the SSA has been amended on 19 May, 2022 (“ Amendment Agreement ”).

This disclosure is being made pursuant to Para A of Part A of Schedule III as provided in Regulation 30 of the Securities and Exchange Board of India (Listing Obligation & Disclosure Requirements) Regulations, 2015. The disclosure is attached as ‘Annexure A’. You are requested to take note of the same.

For Aegis Logistics Limited

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Monica T. Gandhi

Company Secretary

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Annexure A

Sr No.	Items for disclosure	Description
1.	Name of parties to the agreement	Company, Vopak and AVTL
2.	Nature of the agreement	The Company had entered into the SSA with respect to the subscription by Vopak to equity shares of AVTL representing 49% of the paid-up share capital of AVTL, subject to the terms and conditions set out in the SSA. The Amendment Agreement has been entered into to amend certain terms of the SSA.
3.	Date of execution of the agreement	19 May, 2022
4.	Details of amendment and impact thereof or reasons of termination and impact thereof	Certain terms of the SSA have been amended, including the aggregate base consideration payable by Vopak to AVTL for the issuance and allotment of subscription shares, which has been amended from INR 14,861,850,000 (Rupees fourteen billion eight hundred and sixty-one million eight hundred and fifty thousand only) to INR 15,761,850,000 (Rupees fifteen billion seven hundred sixty one million eight hundred and fifty thousand only). The aggregate base consideration continues to be subject to the adjustments contemplated in the SSA read with the Amendment Agreement.

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