Aegis Logistics Ltd. — Capital/Financing Update 2022

Jan 17, 2022

==> picture [69 x 55] intentionally omitted <==

January 17, 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: Intimation pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“LODR Regulation”)

Dear Sir,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, as amended from time to time, we hereby inform you that the Board of Directors of the Company in its meeting held today has approved the sale of entire equity holding of 1,00,000 equity shares of INR 10/- each of Konkan Storage Systems (Kochi) Private Limited (“KCPL”), wholly owned subsidiary of the Company to its other wholly owned subsidiary, Aegis Vopak Terminals Limited (“AVTL”) at fair value of INR 18.5/- per equity share aggregating to INR 18,50,000/-. Pursuant to the aforesaid transaction, KCPL will cease to be a direct wholly owned subsidiary of the Company and will become a step down subsidiary of the Company.

The details required, as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular vide CIR/CFD/CMD/4/2015, dated September 09, 2015 are enclosed herewith as Annexure A to this letter

This is for the information of the exchange and the members

Thanking You,

Yours Faithfully,

For Aegis Logistics Limited

==> picture [116 x 43] intentionally omitted <==

Monica Gandhi Company Secretary

==> picture [441 x 25] intentionally omitted <==

==> picture [441 x 24] intentionally omitted <==

==> picture [69 x 55] intentionally omitted <==

ANNEXURE A

Disclosure under regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

Sr. No.	Particulars	Remarks
a)	The amount and percentage of the turnover or revenue or income and net worth contributed by such unit or division of the listed entity during the last financial year.	Aggregate revenue of KCPL for FY 2020-21 is INR 8.39 crores (1.06% of INR 787.36 crores being Revenue/Income of Company) Aggregate net worth of KCPL for FY 2020-21 is negative 16.72 crores.
b)	Date on which the agreement for sale has been entered into.	No agreement for sale has been entered into as the Companies involved are wholly-owned subsidiaries of the Company. The respective Boards of the transferor and Transferee Companies have approved the transaction.
c)	The expected date of completion of sale/disposal.	The transaction will be completed on or before 31stMarch 2022.
d)	Consideration received from such sale/disposal.	The consideration to be received by the Company against sale of equity shares of KCPL will be INR 18,50,000/- (Rupees Eighteen Lakh and Fifty Thousand Only) as per the valuation report obtained by the Company.
e)	Brief details of buyers and whether any of the buyers belong to the promoter/ promoter group/group companies. If yes, details thereof.	AVTL, wholly- owned subsidiary of the Company, is the buyer
f)	Whether the transaction would fall within related party transactions? If yes, whether the same is done at “arms length”	Since, AVTL is a wholly owned subsidiary of the Company, the transaction is a related party transaction. The consideration for sale of equity shares of KCPL by the Company to AVTL is determined on the basis of an independent valuation report. The transaction is undertaken on arm’s length basis.
g)	Additionally, in case of a slump sale, indicative disclosures provided for amalgamation/merger, shall be disclosed by the listed entity with respect to such slump sale	Since, there is no underlying amalgamation or merger in the transaction, this disclosure under point (g) is not applicable.

==> picture [441 x 25] intentionally omitted <==

==> picture [441 x 24] intentionally omitted <==