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26 Mar 2026
Aegis vopak terminals Limited announced significant corporate developments following its Board of Directors meeting held on March 26, 2026. The board approved a major equity transaction involving its subsidiary and the assignment of specialized terminal rights, marking important strategic moves for the company's operations at Pipavav Port.
Major Equity Stake Sale to Itochu Corporation
The board approved the sale of 10% equity stake in Aegis Terminal (Pipavav) Limited (ATPL) to Itochu Corporation. The transaction details are structured as follows:
Transaction Details: Specifications Equity Stake Sold: 10% (5,000 equity shares) Share Value: ₹10 per share Total Consideration: ₹80,32,00,000 (₹80.32 crores) Buyer: Itochu Corporation Expected Completion: On or before April 15, 2026
Following the completion of this sale, Aegis Vopak Terminals will continue to maintain majority control of ATPL, retaining 86% equity stake comprising 43,000 equity shares of ₹10 each. The buyer, Itochu Corporation, does not belong to the promoter, promoter group, or group companies, and the transaction does not fall within related party transactions.
ATPL Financial Position and Operations
As per the regulatory disclosure, ATPL's financial status for FY 2024-25 shows the subsidiary is yet to commence commercial operations. The key financial metrics indicate:
Financial Parameter: FY 2024-25 Turnover/Revenue: Nil Net Worth: Negative ₹1,98,053 Commercial Operations: Yet to start
Ammonia Terminal Rights Assignment
In a related development, the board approved the assignment of rights to acquire a specialized storage terminal for ammonia at Pipavav Port to ATPL. This decision builds upon the company's earlier framework agreement with Aegis Logistics Limited, one of the promoter companies, dated June 19, 2025.
Terminal Specifications: Details Terminal Type: Specialized ammonia storage Location: Pipavav Port Static Capacity: 36,000 MT Developer: Aegis Logistics Limited Future Agreement: Business Transfer Agreement between ATPL and ALL
The specialized terminal was constructed and developed by Aegis Logistics Limited. Upon completion of the project, a Business Transfer Agreement will be executed between ATPL and Aegis Logistics Limited to formalize the transfer.
Regulatory Compliance and Documentation
The company has fulfilled all regulatory requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board meeting commenced at 4:30 PM and concluded at 5:00 PM on March 26, 2026. A Share Purchase Agreement with Itochu Corporation will be executed, with stock exchange intimation to follow upon agreement execution.
These strategic moves position Aegis Vopak Terminals to strengthen its subsidiary's operations while bringing in international partnership through Itochu Corporation's investment in ATPL.
Aegis Vopak Terminals Limited has announced the retirement of a senior management personnel, marking a significant leadership transition within the company. The disclosure was made in compliance with regulatory requirements under SEBI Listing Obligations and Disclosure Requirements Regulations.
Senior Management Personnel Retirement
Mr. Girish Bhagoji Gurkhe, Vice President- HR & Administration, will retire from his position as Senior Management Personnel of the company. The retirement becomes effective from the close of business hours on February 05, 2026.
Parameter: Details Personnel: Mr. Girish Bhagoji Gurkhe Designation: Vice President- HR & Administration Effective Date: February 05, 2026 Timing: Close of business hours Nature of Change: Retirement
Regulatory Compliance
The announcement was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure follows the requirements outlined in SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026.
Corporate Communication
The company has notified both major stock exchanges about this senior management change:
National Stock Exchange of India Limited (Symbol: AEGISVOPAK)
BSE Limited (Scrip Code: 544407)
The communication was signed by Priyanka Vaidya, Company Secretary and Compliance Officer, and is also available on the company's official website at www.aegisvopak.com . The disclosure ensures transparency and keeps stakeholders informed about key personnel changes in the organization's senior management structure.
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