Aegis Logistics Provides Corporate Guarantee to Itochu Corporation for Aegis Vopak Terminals
Aegis Logistics Ltd has provided a Corporate Guarantee to Itochu Corporation concerning the performance obligations of Aegis Vopak Terminals Limited (AVTL). The guarantee arises pursuant to a Share Purchase Agreement (SPA) dated March 27, 2026, involving AVTL, Aegis Terminal (Pipavav) Limited (ATPL), and Itochu Corporation.The guarantee confirms the full and faithful performance of AVTL's obligations as stipulated in the SPA.
According to the details provided, the Corporate Guarantee issued in favor of Itochu Corporation amounts to INR. 80,32,00,000/-. This guarantee is for a limited period spanning four months, concluding when the Ammonia Terminal is operational and transferred to ATPL by the Company.
The transactions are linked to Itochu Corporation becoming a shareholder of Aegis Terminal (Pipavav) Limited (ATPL) before the transfer of the Ammonia Terminal at Pipavav Port from Aegis Logistics Ltd to ATPL.
The details regarding the guarantee are presented in a table format below for clarity:
| Item for Disclosure | Description |
|---|---|
| Name of party for which such guarantees or indemnity or surety was given | Aegis Vopak Terminals Limited (AVTL) |
| Promoter/Promoter group/ group companies interest in this transaction | None of the Promoters or Promoters Group or Group Companies are interested. The Corporate Guarantee issued is at an arm's length. |
| Brief details of such guarantee or indemnity or becoming a surety | Pursuant to Itochu Corporation becoming a shareholder of Aegis Terminal (Pipavav) Limited (ATPL) prior to the transfer of the Ammonia Terminal at Pipavav Port from the Company to ATPL and as per the terms and conditions stipulated in the Share Purchase Agreement (SPA) dated March 27, 2026 entered between AVTL, ATPL and Itochu Corporation, a Corporate Guarantee of INR. 80,32,00,000/- is given in favour of Itochu Corporation guaranteeing the full and faithful performance of the obligations of AVTL as set out in the said SPA. The Corporate Guarantee is for a limited period of 4 months till the time the said Ammonia Terminal is operational and transferred to ATPL by the Company. |
| Impact of such guarantees or indemnity or surety on listed entity | Currently, there is no impact of the said guarantee on the Company. |
The Company noted that there is no interest in this transaction from any Promoters or Promoters Group or Group Companies, and the Corporate Guarantee was issued at an arm's length basis. Furthermore, the Company stated that there is currently no impact of the said guarantee on the Company.
AEGISLOG Stock Price Movement
Shares of Aegis Logistics Limited slipped 1.73% today, settling at ₹587 in after-hours trading. The stock traded on a volume of 448,754 shares as markets closed for the day.Source:
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