BSECompany Update13 Oct 2026 · 13 Oct 2026, 11:38 pm

Aegis Logistics Limited has informed the Exchange regarding a press release dated 13th October 2026 titled "Aegis sign definitive agreement for its proposed acquisition of a majority stake in Tristar"

Aegis Logistics Ltd · 500003

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Aegis Logistics Limited has informed the Exchange regarding a press release dated 13th October 2026 titled 'Aegis sign definitive agreement for its proposed acquisition of a majority stake in Tristar'. Aegis Logistics via its step-down 100% subsidiary, Aegis Logistics International Pte Ltd (collectively 'Aegis'), has entered into a definitive agreement under which Aegis proposes to acquire c.89.8% of Tristar Holdings Limited ('Tristar') from Agility Tristar Holdings Limited, Gulf Investment Corporation and Diamond Holdings Limited for an equity consideration of US$ 809mn (including contingent and interest for deferred consideration).

Analysis Scores

Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk4/10
Liquidity Impact9/10
Market Sentiment8/10

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Aegis Logistics Ltd - 500003 - Announcement under Regulation 30 (LODR)-Press Release / Media Release

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October 13, 2026 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 – 400 001. Mumbai – 400 051. Scrip Code: 500003 Scrip Code: AEGISLOG Dear Sir/Madam, Sub.: Press Release Pursuant to the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), as amended, We, Aegis Logistics Limited (“the Company”) are enclosing herewith a copy of the Press Release titled “Aegis signs definitive agreement for its proposed acquisition of a majority stake in Tristar” which is self- explanatory. The above communication is also available on the website of the Company at www.aegisindia.com Kindly take the same on record. Thanking you. Yours faithfully, For AEGIS LOGISTICS LIMITED Sneha Parab Company Secretary Encl.: a.a. Aegis signs definitive agreement for its proposed acquisition of a majority stake in Tristar Aegis Logistics Limited via its step-down 100% subsidiary, Aegis Logistics International Pte Ltd (collectively “Aegis”), has entered into a definitive agreement under which Aegis proposes to acquire c.89.8% of Tristar Holdings Limited (“Tristar”) from Agility Tristar Holdings Limited, Gulf Investment Corporation and Diamond Holdings Limited for an equity consideration of US$ 809mn (including contingent and interest for deferred consideration). Established in 1998, Tristar is an integrated liquid logistics solutions provider offering end-to-end liquid logistics services including maritime logistics, road transport, fuel tank storage, fuel distribution and aviation fueling. Tristar is incorporated in Dubai and has operations in 30+ countries globally. For fiscal year ended Dec 31, 2025, Tristar generated c.US$ 1.4bn of revenue, c.US$ 257mn of EBITDA and c.US$ 82mn of net profit on a consolidated basis. Mr. Raj Chandaria, Chairman and Managing Director of Aegis Logistics, said: “The acquisition of Tristar will kick-off Aegis’ transformation from a domestically focused operator into an international energy logistics platform with significant global reach and expanded service offerings. The transaction will allow Aegis to benefit from greater scale, as well as business and geographic diversification. Furthermore, the acquisition will grant Aegis with access to an extensive network of blue-chip customers and premier industry partners within the Tristar ecosystem. The combination of Aegis and Tristar’s complementary capabilities is expected to unlock material synergies across the integrated business. This acquisition is expected to create an immediate contribution to overall profitability and also provides important long-term strategic benefits for Aegis." Mr. Eugene Mayne, Founder and Group CEO Tristar Group said: “We are delighted to welcome Aegis Logistics as our new majority shareholder, marking an exciting new chapter in Tristar’s growth journey. This partnership brings together complementary strengths, capabilities and a shared vision for the future, creating significant opportunities to expand our reach and strengthen our position in the energy logistics sector. Together, we look forward to building a more competitive and globally connected business, while upholding our unwavering commitment to safety, operational excellence and delivering long-term value to our customers.” Mr. Tarek Sultan, Chairman of Agility Global PLC, said: “Over 23 years of Agility’s ownership, Tristar’s strong leadership and operational excellence, backed by our patient capital and active management, helped scale the company from US$ 13.5mn in revenue into a global integrated energy logistics platform generating US$ 1.4bn in revenue across 30 countries. This disciplined exit crystallizes value for our shareholders while enabling Agility to concentrate on its growth priorities. Aegis, with its strategic capital, deep sector expertise, and platform scale, combined with Tristar’s world-class capabilities and extensive customer base, are well-positioned together. We wish Aegis and Tristar every success as they embark on the next chapter of growth.” The proposed acquisition is subject receipt of regulatory approvals under the applicable competition and anti-trust laws and satisfaction of customary closing conditions. The acquisition is expected to be completed in Q4 FY27. Advisors BNP Paribas is acting as exclusive financial advisor to Aegis, with Norton Rose Fulbright and Veritas Legal acting as legal counsel. About Aegis Logistics Limited (BSE: 500003, NSE: AEGISLOG) Incorporated in 1956, Aegis Logistics is a listed Indian company providing sourcing, storage, distribution, storage and third-party logistics services in the oil, gas, and chemicals sector. Aegis' vision is to support India’s transition towards a more sustainable future and with a mission to store and distribute bulk liquids and gases in a safe, sustainable manner. Operating through its state-of-the-art necklace of liquid and gas terminals across major ports of India, Aegis has a storage capacity of 2.0 million KL for liquid storage, 246,800 MT of static capacity for LPG and 36,000 MT of static capacity for ammonia. Aegis is currently India’s largest third-party LPG handler and is vertically integrated in gas business capturing the entire value chain and is currently focused on executing its GATI (Gateway Access to India) strategy and is building infrastructure to become a gateway for liquid and gas products into and out of India.