AEGIS VOPAK TERMINALS LIMITED announced the execution of a Deed of Adherence (DOA) on February 13, 2026. This action formalizes the acquisition details previously disclosed regarding the purchase of a 75% equity stake in Hindustan Aegis LPG Limited (HALPG). The DOA involves Aegis Logistics, AGPL, Vopak, and Itochu Petroleum, solidifying the terms of the initial Share Purchase Agreement (SPA) for the transfer of 913,449 equity shares.
Formalization of Share Acquisition
AEGIS VOPAK TERMINALS LIMITED has confirmed the final procedural step in the transfer of significant equity in Hindustan Aegis LPG Limited (HALPG). A Deed of Adherence (DOA) was executed on February 13, 2026, involving Aegis Logistics Limited (ALL), Aegis Gas (LPG) Private Limited (AGPL), HALPG, Itochu Petroleum Co. Singapore Pte. Ltd, Vopak India B.V. (“Vopak”), and the Company.
Details of the Transaction
This DOA further establishes the terms of the Share Purchase Agreement (SPA) previously executed. The SPA committed AGPL and Vopak to transfer a cumulative total of 6,21,146 Equity shares and 2,92,303 Equity shares, respectively, in HALPG to the Company. This transfer represents a 75% share capital stake in HALPG, making the Company the holding company of HALPG.
Related Party Structure Confirmation
The disclosure clarifies the relationship between the parties. ALL and Vopak are identified as promoters of the Company, holding 44.71% and 42.23% of the paid-up equity share capital, respectively. Furthermore, AGPL is confirmed to be part of the Promoter group of the Company.
Key Terms Agreed
The agreement grants the Company the right to appoint nominee Directors on the Board of HALPG, in line with the SPA and DOA terms. Other significant rights retained by the Company include the first right to subscribe for future share issuances and restrictions on changes to HALPG’s capital structure.
Exclusions
It is noted that the transaction does not fall within the scope of related party transactions to be conducted at “arms length,” and there are no applicable details regarding new share issuances or termination/amendment disclosures at this time.
Source: BSE
