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Aegis Logistics Ltd

NSE: AEGISLOG BSE: 500003

616.55

(-4.61%)

Sun, 15 Mar 2026, 01:13 am

Company History

1956

  • Incorporated on June 30 as private limited company Atul Drug House Ltd.
  • Initial paid-up capital Rs. 5,000 divided into 50 shares of Rs. 100 each in July.

1960

  • Became deemed public limited company under Section 43A of Companies Act, 1956.
  • Increased capital by Rs. 45,000 in March by allotment of 450 equity shares of Rs. 100 each.
  • Increased paid-up share capital by Rs. 5,50,000 in December by allotment of 5,500 equity shares of Rs. 100 each.

1962

  • Installed first plant for formaldehyde and hexamine at Kandla.

1966

  • Increased paid-up capital by Rs. 24,00,000 by allotment of 24,000 fully paid-up bonus equity shares.

1967

  • Installed plant at Capi near Bulsar, Gujarat for 14,400 tonnes formaldehyde and 540 tonnes hexamine per annum.

1968

  • Increased paid-up capital by Rs. 3,00,000 by allotment of 3,000 equity shares of Rs. 100 each against deposits.

1970

  • Installed Pentaerythritol plant at Vapi with 1,200 tonnes per annum capacity using technical know-how from Joset Meissner of West Germany.
  • Fluorine chemicals division suffered setback due to labour problems and working capital shortage.

1975

  • Reduced capital by Rs. 11,00,000 per Gujarat High Court order dated October 10; purchased 11,000 shares from minority shareholders.

1976

  • Changed name to Atul Chemical Industries Ltd. effective September 14; became public limited company.

1977

  • Offered 9,20,000 shares at par to public in November/December.
  • Subdivided shares in December 1976; issued 6,60,000 bonus shares in March in proportion 3:1.
  • Issued 4 shares of Rs. 10 each to Indian residents in March.

1978

  • Issued 74,900 equity shares of Rs. 10 each to shareholders of Everest Refrigerants Ltd.
  • Amalgamated Everest Refrigerants Ltd. effective December 1; issued shares and 11% bonds.
  • Changed name from Atul Chemical Industries Ltd. to present name.

1981

  • Issued 9,37,452 rights equity shares at par.

1985

  • Fluorine chemicals division operations adversely affected by labour problems from October to January 1986.

1986

  • Long-term agreement with fluorine division workers ended September 30.
  • Declared lock-out in fluorine division effective June 1987; lifted April 1988.
  • Sales of Hexamine and Sodium formate adversely affected by erratic methanol supplies.

1990

  • Introduced refined glycerine.
  • Issued 29,52,974 equity shares of Rs. 10 each at par on rights basis 1:1; allotted additional oversubscription and to employees.
  • Issued 32,37,259 rights equity shares at par in proportion 1:1.

1991

  • Delinked fluorine chemical division effective April 1.
  • Allotted 46,235 rights shares kept in abeyance.

1992

  • Considered expansion of chemicals storage division capacity from 40,000 KL to 70,000 KL.
  • Allotted 15,80,000 equity shares of Rs. 10 each at premium of Rs. 12 to NRI companies, increasing holding from 38% to 51%.
  • Proposed rights shares issue in ratio 3:5 for modernisation, expansion, acquiring assets, retiring debt.

1993

  • Proposed enhancement of petrochem plant capacity at Vapi by importing foreign technology.
  • Entered agreement with Amit Alcohol and Carbon Dioxide Ltd. to acquire on lease its Alcohol and Pentaerythritol plants.
  • Entered agreement for lending land at Trombay and terminal management for LPG.
  • Issued 45,59,769 equity shares of Rs. 10 each at premium of Rs. 12 on rights basis in proportion 3:5.
  • Offered 1,90,800 equity shares of Rs. 10 each at premium of Rs. 12 to employees.

1994

  • Negotiations for new world-scale Pentaerythritol plant with foreign collaboration for exports.
  • Proposed increase in storage terminal capacity by 40,000 KL.
  • Allotted 45,61,569 rights equity shares issued in October 1993.

1995

  • Proposed expansion of Petrochem plant at Vapi.
  • Entered arrangement to acquire on lease Alcohol and Pentaerythritol plants from Amit Alcohol and Carbon Dioxide Limited.

1996

  • Increased Acetaldehyde plant capacity to 6 TPD from 3 TPD.
  • Commissioned imported 12,000 TPY Formaldehyde plant.
  • Converted 2,81,000 out of 12,00,000 Preferential Warrants into equity shares at premium of Rs. 41.60.

1997

  • Finalising joint venture with Perstorp AB of Sweden for Pentaerythritol manufacture, enhancing capacity to 15,000 MTS per annum.
  • Amalgamated Amit Alcohol & Carbon Dioxide Ltd. per High Court order dated 2.4.97.
  • Allotted 11,83,400 equity shares of Rs. 10 each to shareholders of Amit in ratio 1:4.

1998

  • Issued 11,83,400 equity shares of Rs. 10 each to shareholders of erstwhile Amit Alcohol & Carbon Dioxide Ltd. on amalgamation; 15,000 shares cancelled per High Court order.
  • Intended to spin-off Petrochem division into joint venture with Perstorp AB of Sweden.

1999

  • Hived off Petrochemicals Division to Perstorp Aegis Chemicals Ltd. (PACL), a joint venture with Perstorp AB, Netherlands.
  • Mr. S.V. Ghatalia resigned as Director due to ill-health.

2000

  • Hindustan Aegis LPG Ltd preparing package for Bombay Taximen's Union to convert vehicles to LPG.

2002

  • Mr. R R Khimasia and Mr. S R Khimasia ceased to be Directors due to non-approval of reappointment at 45th AGM.

2004

  • Appointed Mr. Sangameshwar Iyer as Compliance Officer in place of Mr. A. Chandarana.

2005

  • Recommended dividend of Rs. 1.20 per share.

2006

  • Appointed Ms. Jignasha Shah as Company Secretary & Compliance Officer.
  • Recommended dividend at Rs. 2.50 per share.

2007

  • Recommended dividend at Rs. 2.50 per share.

2008

  • Recommended final dividend at Rs. 2.00 per share.
  • Appointed Mr. V H Pandya as Additional Director.

2009

  • Acquired Shell Gas (LPG) India.

2010

  • Awarded BORL Contract.
  • Entered into major deal with APM Terminals Pipavav for Port Infrastructure Project.
  • Issued bonus shares in ratio 2:3.

2011

  • Inked MOU with APM Terminals, Pipavav.
  • Appointed Mr. Shivatosh Chakraborty as Company Secretary & General Manager - Legal and Compliance Officer.

2012

  • Forayed into marine bunkering sector to offer fuels and servicing solutions.
  • Recommended final dividend @ 20% i.e. Rs. 2/- per share.

2014

  • Recommended final dividend @ 27.5% i.e. Rs. 2.75 per share.

2015

  • India Ratings assigned Aegis Logistics ‘IND AA’; Outlook Stable.
  • Additional Land Allotment at Kandla Port.
  • Split face value from Rs. 10 to Rs. 1.

2017

  • Entered into Share Subscription Agreement with subsidiary Aegis Gas (LPG) Private Limited.
  • ITOCHU Petroleum Co., (Singapore) Pte Ltd to invest and take up 19.7% stake in Haldia LPG terminal project.

2021

  • Approved acquisition of up to 100% stake in Aegis LPG Logistics (Pipavav) Ltd. from wholly owned subsidiary Aegis Gas (LPG) Pvt. Ltd.
  • Approved further investment in Aegis LPG Logistics (Pipavav) Ltd. by acquiring additional 4,60,000 equity shares and 1,00,000 Compulsory Convertible Preference Shares.
  • Formed major joint venture with Royal Vopak of the Netherlands for LPG and chemical terminals in India.

2022

  • Signed definitive agreements to acquire liquid tank terminals with capacity of ~500,000 KL through 100% subsidiary.

2025

  • Commissioning of LPG Cryogenic Terminal at Pipavav.

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