Analysts/Institutional Investor Meet/Con. Call Updates

August 19, 2026 The Secretary, Capital Market Operations Market Operations Dept., The National Stock Exchange of India Ltd. The Bombay Stock Exchange 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. : Transcript of the earnings conference call held on Friday, August 14, 2026 at 05:00 p.m.(IST) Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, please find enclosed the transcript of the earnings conference call held on Friday, August 14, 2026, at 05:00 p.m. (IST) for your information and records. The above communication is also available on the website of the Company at www.aegisindia.com. Request you to kindly take the same on record. Thanking you. Yours faithfully, For AEGIS LOGISTICS LIMITED Sneha Parab Company Secretary Encl.: As above “Aegis Logistics Limited Q1 & FY '27 Earnings Conference Call” August 14, 2026 MANAGEMENT: MR. RAJ CHANDARIA – CHAIRMAN AND MANAGING DIRECTOR – AEGIS LOGISTICS LIMITED MR. MURAD MOLEDINA – CHIEF FINANCIAL OFFICER - AEGIS LOGISTICS LIMITED MODERATOR: MS. PAYAL DAVE– MUFG INTIME Page 1 of 15 Aegis Logistics Limited August 14, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Q1 FY '27 Earnings Conference Call of Aegis Logistics Limited. Before we begin, a short disclaimer. This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions and expectations of the company as on the date of this call. These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I will now hand the conference over to Mr. Raj Chandaria from Aegis Logistics Limited. Thank you, and over to you, sir. Raj Chandaria: Thank you very much. Good afternoon. I'm joined today by our CFO, Mr. Murad Moledina and Ms. Payal Dave from our Investor Relations team. So let me start with our Q1 FY '27 performance. We delivered a record quarter, crossing the significant milestone of INR500 crores of profit after tax in the first quarter of this fiscal year compared to INR175 crores in Q1 of FY '26, reflecting an exceptional 212% year-on-year growth. We reported a normalized EBITDA of INR727 crores in Q1 compared to INR256 crores in Q1 of FY '26, delivering a robust growth of 184% year-on-year. Earnings per share for the quarter stood at INR13.80, which is approximately 54% of the full year EPS delivered in the whole of FY '26. And this reflects the strong operating performance and earnings momentum that we have carried into the new fiscal year. Our Liquids division delivered its highest ever Q1 EBITDA performance and has now recorded 5 consecutive quarters of EBITDA growth. As we have emphasized in the past, this division remains a well-diversified and stable cash-generating business for the company. And we continue to invest in capacity expansion within this segment, enabling us to capitalize on growth opportunities while further strengthening its contribution to our overall portfolio. Turning to our Gas division. I would like to particularly emphasize the exceptional performance delivered during the quarter. The division reported its highest ever EBITDA, registering a remarkable 296% year-on-year growth. And what makes this achievement more - notable is that it has delivered this amidst a very challenging global backdrop marked by ongoing geopolitical tensions and disruptions arising from the war in the Middle East, and it demonstrates the resilience of our logistics business. Further, LPG sourcing volumes also remained stable and recorded a marginal growth of 1% year-on-year, highlighting the strength and reliability of our sourcing capabilities. Our gas distribution business continued its strong growth trajectory during the quarter, delivering a 91% year-on-year increase in volumes compared to Q1 of FY '26 and a 19% sequential growth over Q4 FY '26. And this performance was driven by robust demand across customer segments and continued expansion of our customer base. Over the last year, we have successfully added multiple private sector customers, and I'm pleased to share that this Page 2 of 15 Aegis Logistics Limited August 14, 2026 momentum has continued into the current fiscal year as well. And the ability to consistently onboard new customers and scale volumes is a direct outcome of our vertically integrated business model. What differentiates us is our presence across the entire value chain from sourcing and logistics to storage and distribution. And this deep integration provides us with the supply reliability, operational flexibility and a stronger value proposition for customers, which has enabled us to respond efficiently to market opportunities while ensuring uninterrupted service levels. In fact, the volume growth we are witnessing today would have been difficult to achieve without a well-integrated business model. And the seamless coordination across our sourcing, storage and distribution operations continues to be a key competitive advantage and an important driver of our growth in the gas business. So to summarize, the sharp increase in the EBITDA of the gas business was driven by 2 key factors: First, the resilience of our logistics and sourcing business, which maintains stable volumes despite the challenging global environment. And secondly, the outstanding performance of our distribution business, which achieved record volumes along with healthy margin expansion. If I can switch to the port-by-port operational performance. As far as Mumbai Port was concerned, it continues to operate at a high utilization level. And in order to further strengthen our capacity and cater to future growth, we are developing an additional 64,000 cubic meters of liquid storage at an investment of approximately INR125 crores. And I'm pleased to share that the progress is progressing as per schedule and with commissioning targeted during the first half of this fiscal year. Historically, this has been a high demand port benefiting from its important location and strong customer franchise. And based on customer interest in existing demand trends, we are confident that this new capacity will ramp up utilization quickly once it becomes operational. Just to remind people, currently, Mumbai Port capacities comprise 334,000 cubic meters of liquid storage capacity and 21,000 metric tons of static LPG storage capacity. As far as JNPA Port is concerned, for the benefit of everybody, JNPA in Maharashtra has emerged as India's highest revenue-generating major port in FY '26. At JNPA, the current liquid storage stands at 101,900 cubic meters, and we're executing a major expansion of approximately 318,100 cubic meters of additional liquid storage, 77,236 metric tons of LPG capacity and an LPG bottling plant with 35,000 metric tons of annual capacity with a total capital outlay of roughly INR1,675 crores. The first phase of this liquid storage expansion of approximately 100,000 cubic meters is expected to be commissioned in Q3 of FY '27 and will start contributing as soon as the capacity becomes operational. As we had mentioned during the last quarter, we were evaluating the addition of new storage -- LPG storage capacity to this port to further strengthen our infrastructure, and I'm pleased to share that the Board of Directors in its recent meeting has approved the development of a 52,000 metric ton refrigerated double- [Showing first 8,000 characters — download PDF for full document]