Aegis Logistics Ltd. — Capital/Financing Update 2022

Jan 17, 2022

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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

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Monica Gandhi Company Secretary

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ANNEXURE A

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

ANNEXURE A	ANNEXURE A	ANNEXURE A
Disclosure under regulaObligations and Disclosu
			tion 30 of the Securities and Ere Requirements) Regulations 20		xchange Board of India (Listin15
			,
Sr.Particulars
	Sr.	Particulars		Remarks
	No.
	a)	The amount and pturnover or revenunet worth contribu	ercentage of the	Aggregate reve	nue of KCPL for FY 2020-21 is
			e or income andted b such unit	INR 8.39 crorbein Revenu	es (1.06% of INR 787.36 crores/Income of Coman)
			y	g	py
		or division of tduring the last fina	e listed entity
			ncial year.	Aggregate netis negative 16	worth of KCPL for FY 2020-2172 crores
					. .
	b)	Date on which thsale has been ente	e agreement for	No agreement	for sale has been entered into
			red into.	as the Compa	nies involved are wholly-owned
				subsidiaries o	f the Company. The respective
				Boards of th	e transferor and Transferee
				Companies ha	ve approved the transaction.
	c)	The expected date of completion ofsale/disposal.		The transaction will be completed on orbefore 31stMarch 2022.
	d)	Consideration received from suchsale/disposal.		The consideration to be received by theCompany against sale of equity shares ofKCPL will be INR 18,50,000/- (Rupees
				Eighteen Lakper the valu	and Fifty Thousand Only) asation report obtained by the
				Company.
	e)	Brief details of buyany of the buyers b
			ers and whetherelong to the	AVTL, wholly-Company, is t	owned subsidiary of thehe buyer
		promoter/ promotecompanies. If yes, d	r group/groupetails thereof.
		Whether the transawithin related party	ction would fall	Since, AVTL i	s a wholly owned subsidiary of
	f)
			transactions? If	the Company	, the transaction is a related
		yes, whether the sa“arms length”	me is done at	party transactof euit shar	ion. The consideration for salees of KCPL b the Coman to
				qy	y py
				AVTL is detindependent	ermined on the basis of anvaluationreport.The
				transaction is	undertaken on arm’s length
				basis.
		ll	f l	h	l l
	g)	Additionay, in cassale, indicative disc	e o a sumplosures provided	Since, tere ior merger in t	s no underying amagamationhe transaction, this disclosure
		for amalgamation/disclosed by the lisrespect to such slu	merger, shall be	under point (g	) is not applicable.
			ted entity withl
			mp sae

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