Aegis Logistics Limited confirmed the execution of a Deed of Adherence (Second DoA) on February 13, 2026. This agreement amends the standing Shareholding Agreement (SHA) concerning Hindustan Aegis LPG Limited (HALPG). The action follows a prior Share Purchase Agreement (SPA) where Aegis Gas (LPG) Private Limited and Vopak sold substantial equity stakes in HALPG to Aegis Vopak Terminals Limited (AVTL). Post-execution, Aegis Logistics, AGPL, and Vopak cease to be parties to the original Agreement.
Finalization of Amended Shareholding Agreement
Aegis Logistics Limited announced the execution of a Deed of Adherence (“Second DoA”) on February 13, 2026. This deed amends the primary Shareholding Agreement (SHA) that governs the relationship concerning Hindustan Aegis LPG Limited (HALPG).
This amendment follows a significant transaction disclosed earlier on January 2, 2026, related to the Share Purchase Agreement (SPA). Under the SPA, Aegis Gas (LPG) Private Limited (AGPL) and Vopak India B.V. (“Vopak”) agreed to sell significant equity shares in HALPG to Aegis Vopak Terminals Limited (AVTL).
Transaction Details and Parties Involved
The initial SPA detailed the sale of 6,21,146 Equity shares (representing 51% of HALPG) by AGPL and 2,92,303 Equity shares (representing 24% of HALPG) by Vopak, all to AVTL.
The parties executing the “Second DoA” today include Aegis Logistics Limited (“the Company”), AGPL, Itochu Petroleum Co. Singapore Pte. Ltd (“Itochu”), HALPG, Vopak, and AVTL.
Shareholding and Relationship Context
- AGPL is a wholly owned subsidiary of The Company.
- The Company holds 44.71% of the paid-up equity share capital of AVTL and is a promoter of AVTL.
- HALPG is currently a subsidiary of AVTL.
- The parties to the Deed of Adherence do not form part of the Promoter/Promoter group/Group Companies of Aegis Logistics Limited.
Impact of the Second Deed of Adherence
The Second DoA serves to amend the original Agreement, specifically outlining the inter-se rights and obligations among the parties regarding the management and operation of HALPG.
Crucially, subsequent to the transfer of HALPG shares by AGPL and Vopak to AVTL, and upon the execution of this Second DoA, AGPL, Vopak, and The Company cease to be parties to the original Agreement.
The amendment specifically grants AVTL the right to appoint a nominee director on the board of HALPG. No other rights of any nature are provided with respect to The Company.
Source: BSE
