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October 26, 2026 National Stock Exchange of India Limited Listing Department Exchange Plaza, C-1, Block G Bandra Kurla Complex Bandra (East), Mumbai - 400 051 Symbol: AEGISVOPAK ISIN: INE0INX07015 ISIN: INE0INX07023 BSE Limited Corporate Relation Department Listing Department Phiroze Jeejeebhoy Towers Dalal Street, Mumbai - 400 001 Scrip Code: 544407 Sub.: Outcome of Board Meeting Ref.: Intimation under Regulation 30, 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) Dear Sir/Madam, Pursuant to regulation 30, 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we hereby inform you that the Board of Directors of the Company at its meeting held today i.e. Monday, October 26, 2026, have considered and approved inter- alia: A. Unaudited Financial Results of the Company for the quarter ended on September 30, 2026: Unaudited Financial Results (Standalone & Consolidated) for the quarter and six months ended September 30, 2026, along with Limited Review report by M/s. C.N K & Associates LLP, Statutory Auditors of the Company. The Results alongwith Limited Review Report issued by C N K & Associates LLP, Statutory Auditors of the Company as Annexure 1. B. Additional Disclosures: 1. Certificate of Security Cover along with disclosures pursuant to Regulation 54(3) of the SEBI Listing Regulations as Annexure 2. 2. Disclosure on utilization of proceeds of NCD issued by the Company (Ref: Regulation 52 (7) and 52 (7A) of SEBI LODR)- Not Applicable The above communication is also available on the website of the Company at www.aegisvopak.com. The Meeting of the Board of Directors of the Company commenced at 12:47 p.m. and concluded at 01:15 p.m. Kindly take the same on record. Thanking you. Yours faithfully, For Aegis Vopak Terminals Limited Priyanka Vaidya Company Secretary and Compliance Officer M. No. A64156 Encl: as above

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CNK & Associates LLF'Chartered Accountants Independent Auditor's Review Report on Unaudited Standalone Financial Results of AEGIS VOPAK TERMINALS LIMITED for the quarter and half year ended September 30, 2026, pursuant to the Regulation 33 and 52 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requitements) Regulations, 2015, as amended. Review Report To The Board of Directors Aegis Vopak Terminals Limited 1. We have reviewed the accompanymg statement of Unaudited Standalone Financial Results ("the Statement'') of Aeds Vopak Terminals I.imited ("the Company") for the quarter and half year ended September 30, 2026, being submitted by the Company pursuant to the requirements of Regulation 33 and 52 of SEBI qjisting Obligations and Disclosure Requirements) Regulations, 2015 (the "histing Regulations'') as amended from time to time. 2. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors in their meeting held on October 26, 2026 has been prepared in accordance with the recognition and mcasurement principles laid down in Indian Accounting Standard 34 "Interim Financial Repttrting" ("Ind AS 34") prescribed under Section 133 of the Companies Act, 2013, as amended, read with the relevant rules issued thereunder and other accounting principles generau?' accepted in India and in compliance with the I.isting Regulations. Our responsibihty is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim I``inancial Information Performed by the Independent Auditor of the Entity'', issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primaril}' of persons responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Mistry Bhavan, 3rd Floor, Dmshaw Vachha Road, Churchgatt:, Mum ]al 400 020. Tel: +91 22 6623 0600 501-502, Narin Chambers, M.G. Road, Vile Parle a), Muntal 400 { )57. Tel: +9122 6250 7600 Website : www. cnkindia. com MUMBAI I CHENNAI I VADODARA I AHMEDABAD I GIFT CITY | CURL GRAM| }ENGALURU I DELHI I PUNE I KOLKATA I DUBAI I ABU' DHABI I SHAR)AH

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4. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to beheve that the accompanying Statement, prepared in accordance with the recognition and measurement pinciples laid down in the aforesaid Indian Accounting Standards and other accoundng principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 and 52 of the SEBI qisting Obligation and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material nrisstatement. For C N K & Associates LLP Chartered A ccountants Firm Realstration Number: 101961W/W-100036 Ofz` Vijay Mehta Partner Membership No.: 106533 UDIN: 26106533ENDGQN8250 Place: Mumbai Date: October 26, 2026

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/R'u/Fv;vFo=oGp\NS)A AEGIS VOPAK TERMINALS LIMITED UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEIVIBER 30. Z026 ({ in Lakh except per Share data) I Particulars Quarter ended Half year ended Year ended 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 Unaudited Unaudited Unaudited Unaudlted Unaudlted Audited INCOME 17,789.79 17,848.73 16,097.98 35.638.52 29,933.34 64,212 481 Re\.enue from operations 2 0therincome 736.99 569,97 367.02 1,306.96 1.433.94 13.853.31 3 TOTALINCOME(1+2) 18,526.781,287.20 18,418.701,056.29 16,4$5.001.10859 36,946.482,34349 31,367.282,097.88 78,06§.794,27077 4 EXPENSES Employee benefits expenses Finance costs 3,902.45 3,87125 1,79616 7,773.70 4,651.83 10,57512 Depreciation and amortisation expense 4,643 35 4,553 47 4,527.32 9,196,82 7.-/4897 ie,909.38 Other expenses 2,478.74 2,306 63 2,643 73 4,785.37 4,922.92 10,600 73 TOTAL EXPENSES 12,311.74 11,787.64 10,075.80 24.099.38 19,421.60 42,356.00 5 Profit beforetax (34) 6,215.04 6,631.06 6,389.20 12,846.10 11.945.68 35,709.79 6 Tax expenses 1,472.69 1,563.12 1,490.02 3'035.81 2,780.28 8,431.26 7 Profitfor the period/year (5J5) 4,742.35 5,067.945.067.94 4,899.18 9,810.29 9.165.40 27,278.53 8 0thel. Comprehensive Income (net of tax) 2,647 99 8,665 55 2,647.99 30,392.34 30,403'15 9 Total comprehensive Income forthe period/year (7+8) 7,390.34 13,564.73 12,458.28 39,5§7.74 57,681.68 10 Paid up Equfty Share Capital 110,799.150.43 110,799.15046 110,799.150.45 110,799150.89 110,7§9.15086 •o,79915i298C9"9i2.50 (Face value {10 per share) 11 Other Equlty (excluding revaluation re8erve8) 12 Earnings per equity share (Fac,e value of !10 each) (Not annualised, except for the year ended 31.03.2026) Basic (In €) Diluted (Ln i) 0.43 0.46 045 089 086 250 See dccompai`ylng notes to the financial results foEp::ioT2?2PT?wTrIEeTnTu,'at!,iesspLa'rylTED|:;ilo;;;:o!::6:;i:E|o:2p;:,;h:;;o;:.:;:ek:,'',:d:::oC-i:::Roa2S:adsv6a6P;;;:itge5b:ks::Vj;a:::,:Ova:::,;nod::G.K. Marg, Lower Parel (W), Mumbai -400013, India

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/V/Fv;vJ:ofsp\wsy( AEGIS VOPAK TERMINALS LIMITED NDALONE SEGIVIENT INFORMATION FOR THE QUARTER AND HALF YEAR ENDED SEPTEIVIBER 30. 202®UNAUDITED STA (! ln Lakh) particulars Quarter ended Half year ended Year ended 30 09 2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 Unaudited Unaudlted Unaudked Unaudlted Unaudlted Audited Segment RevenueLiquidTerminalDivision 10,028 73 10,070.66 7,938.57 20,099.39 15,059.29 32,864 56 Gas Terminal DivisionNetSales/Incomefrom OperationsSegmentResultsLiquidTerminalDivision7,761.06 7,778.07 8,159.41 15,539.13 14,874 05 31,347.92 17,789.79 17,848.73 16,097.98 35,638.52 29,933.34 64,212.48 6,111.62 5,948.86 3,683.16 12.060.48 6,837.87 16,649.59 Gas Terminal DivisionTotalofSegmentresults 4,041.82 4,475.89 4,704.35 8,517.71 9,377.06 18,473.40 10,153.44 10,424.75 8,387.51 20,578.19 16,214.93 35,122.99 Less. Finance Cost 3,902.45 3,871.25 1,796.16 7,773.70 4,651.83 10,575.12 Less; Other un-allocable expenditure (net) 627 42 492.04 504.50 1 ,1 19.46 987.43 (8,919,57) Add: Interest IncomeProfitbeforetaxSegmentAs8et8LlquidTerminalDivision 591 .47 569.60 302.35 1.161.07 1,370 01 2,242.35 6.215.04 6,631.06 6,389.20 12,846.10 11,945.68 35,709.79 298.908.73 292,287.70 259,824.82 298,908.73 259,824.82 287,221.13 Gas Terminal Division 405,476.39 413,211.37 379.583.47 405.476.39 379,583.47 407.521.42 Unallocable TotalSegmentLiabilltle8L`.dT'ID.vislon170,983.73 159,82115 44,300.90 170,983.73 44,300.90 175,546.64 875,368.85 865,320.22 683,709.19 875,368.85 683,709.19 870,289.19 106 248.78 104,258 44 134,533 76 106,248 78 134,533.76 106.661.01 iqui ermlna IGasTerminalDivision 51,849.23 51,820 38 26,933 68 51,849.23 26,933.68 49,577.59 Unallocable TotalCapitalemployedLiqiiidTerminalDivision27,595.24 23,138.76 15,068.22 27,595.24 15,068.22 20, 564 44 185,693.25 179,217.58 176,535.66 185,693.25 176,535.66 176,803.04 192.659.95 188,029.26 125,291.06 192,659.95 125,29106 180,560.12 Gas Terminal Division 353,627.16 361,390 99 352,649.79 353.627.16 352,649.79 357.943.83 Unallocable Total 143,388.49 136,682 39 29,232.68 143,388.49 29.232.68 154,982 20 689,675.60 686,102.64 507,173.53 689,675.60 507,173.53 693,486.15

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/V/bv;vFofoGp\AS;S)A AEGIS VOPAK TERMINALS LIMITED uNAUD|TED STANDALONE BALANCE SHEET AS AT SEPTEMBER 30. 2026 (, ,n Lakh) Particular8 AsatSeptember30, 2026 AB,'March31, 2026 Unaudlted Audited ASSETS 566,983.73 572,737.25 Non current assets Property, plant and equipment 29,178.63 19,187.87 Ca pita I work-in-progress 165.32 134 . 58 Intangible assets Financial assets 125,927 08 125,925 52 i. Investments in subsidiariesiiLoans 15,785.86 11,905.86 iii Other financial assets 581.90 565.26 Infmetarassets(net) 2,434.19 1,702.46 72,427 44 74,214.48 Other nan current assetsTotalnoncurrentassets 813,484.1588113 806,373.281,05759 C u rrent assetsInventories Financial assets 22,081.59 15,843.07i Trade receivables ii. Cash and cash equlvalents 25.251.99 26,271.06 iii. Bank balance other than (ii) above 0,513,994.56 10.780.12 iii Other financial assets Other current assets 9,674.92 9,964.07 61,884.70 63,915.91 Total current assets TOTAL ASSETSEQUITYANDLIABILITIES 875.368.85 870.289.19 110,799.15 110,799.15E9giv Equity share capital 384,441 22 374,198.92 Other eciuity 495,240.37141.578.42 484,998.0732,872.75140,541.85Total equity LIABILITIES Non-current I labi lities Flnanctal liabilities i. Borrowings ii Lease Liabllities Provisions 592 ,15 578.95 Deferred tax liabilities (net) 20.677.68 16,75128 162,848.25194,435.23 190,744.83175,61533Total non¢urrent liablllties Cument ljal)llitles Financial liabilities i. Borrowings 11,717.06 11,627.44ii. Lease Liabilities iii. Trade payables 19.59 2827Total outstanding dues of creditors of micro enterpnses and small enterprises Total outstanding dues of creditors other than micro enterprises and small enterprises 2,029.72 1,672.85 6.620.74 3,850.28 iv Other financial liabilities Other current liabilities 2,33818 1,632.41 119 71 119.71 ProvlslonsTotalcurrent liabilltle8 217,280.23 194,546.29 TOTAL LIABI LITIES 380,128.48 385,291.12 TOTAL EQUITY AND LIABILITIES 875.368.85 870.289.19 I

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/V/Fv;JEofsp3rws]^ AEGIS VOPAK TERMINALS LIMITED UNAUDITED STANDALONE CAsll FLOW STATEMENT FOR THE HALF YEAF` ENDED SEPTEMBER 30. 2026 I Particulars Half year ended Half year ended September 30, 2026 September 30, 2026 Unaudited Unaudifed Casri flow from oDeratino activities 12,846 10 11,945.68 Profit before tax Adiustments for: 9,196.82 7 I qR' .Sr'Depreciation and amortisation 0.49 0.59 Fair value loss on investment 7,773.70 4,651.83 Finance costs Interest incx)me (1,16107) (1,370.01) (Profit)/loss on sale Of property. plant and equipment (0.44) (0.40) 28,655.60176.46 22,976.66(168.74)Operating profit before working capital changes Ad|ii8tment8 for crianges in working capital: Decrease/ (increase) in inventorles (6,238.52) (1,850.76) (Increase) in trade recelvables Decrease/ (increase) in other nan-current assetsDecreaseinothercurrentassets 2,679.47 (6,893.62) 289.15 9.304.17 Decrease/ (increase) in other current financial assets(Increase)/decreaseinothernon-currentfinancialassets 6,583.50 (1,640.85) (2.61) 386.12 (Increase) in other bank balances (0.51) 610.01 Increase in trade payable9 348.19 13.20 31.93 Increase in nan-current provisions (Decrease)/ increase in other current financial liabilitles (307.28) 2.981.71 Increase in other current liabilitieg i 05 i i 555.98 Casl` generated from operat[ons 32,902.42(731,72) 26,292.61 (735.77)Income tax paidNetcashgenerated from operating activities (A) 32,170.70(5,350.82) 25,566.84(2,003.35) Cash flow from [nvestina actMties Purchase of property, plant and equipment including capital advances Purchase Of intangible assets (47 88) 2208(127.720.02)(4,185.00)Prooeeds from sale of property, plant and equipment 1.91 Payment of business acquisitions from related parties including capital advances (3,880.00)Loan (given to)/ repaid by related parties I nterest recelved 1,349.10 1,113.81 Net cash (used ln) investing activities (8) (7,927.69)27,396.00 (132,772.4€)(202,71826) Cash flow from financlnd activltles Proceeds from non-current borrowings Repayment Of nan-cunent borrowings from banks (1,712.25) Repayment of non-ciirrent borrowings from related panies (39,957.00) (8,501.09)269.088`40Lease liability paid (4,337.34) Proceeds from lssiie of equity shares (net of share issue expenses) (2,215.98)Dividend paid ) (4 ,092.74)I nterest paid (4.435.51 Net cash (used ln)/ generated from financing activltle8 (C) (25,26Z.08 ) 53,776.31 Net (decrease) in cash and cash equivalents (A+ 8+ C) (1,019.07 ) (53,439. 33) Cash and cash equivalents as at the beginning of the period 26,271.06 58,621.37 Cash and cash equlvalents as at the end of the period 25,251.99 5,182.04 I Note:FF;Tabove Cash Flow Statement has been prepared under the 'indirect method' as set out in Indian Accounting Standard (lnd AS 7) -Statement of Cash Flow.

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/RJu/A;vFo:ofsp\wS)A AEGIS VOPAK TERMINALS LIMITED ADDITIONAL DISCLOSURES AS PER SEBI /LISTING OBLIGATION AND DISCLOSURE REQU]REMENTst REGULATIONS. 2015 Partlculars Quarter ended Half year ended Year ended 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.Z025 31.03.2026 unaudited Unaudlted Unaudited Unaudited unaudited Audited 1 Debt Equity Ratio (Times) 039 0.40 0.09 0.39 0.09 043 2 Debt service coverage Ratio -NotAnnualised (Times) 2.24 0.28 212 0.50 0.10 0.25 3 Interest service coverage Ratio (Times) 2.21 2.23 3.66 2.22 286 3.28 4 Outstanding redeemable preference shares 5 Capital Redemption Reserve 6 Debenture Redemption Reserve 7 Networth ({ in Lakh) 508.855.34 506,328.97 483,479.49 508,855.34 483.479.49 501,261.03 8 Current Ratio (Times) 0.28 0.29 1.08 0.28 1.08 0.33 9 Long Term debtto working capital ITimes) 4.98 5.46 17.35 4.98 17.35 4.63 10 Bad Debt tc) Account receivable ratio ITime§) 11 Current Liability Ratio ITimes) 0.57 0.52 0.13 0.57 0.13 0.50 12 Total debts to total assets (Times) 0.22 0.23 0.06 0.22 006 024 13 DebtorTumover-NotAnnualised (Times) 0.80 093 1.50 1.88 3.07 5.21 14 Inventory Turnover -Not Annualised (Times) 15 Operating Margin (%) 79.70% 81.16% 77.09% 80.43% 76Jelo/r. 82 40% 16 Net profit Margin (%) 26.66% 28.39% 30.43% 27.53% 30.62% 42.48% Formulae for computation of ratios are a8 follow8 - Ratio Fomulae Debt Equity Ratio (Times) Total Debt (Non-current + Current) Total Equity Debt Service Coverage Ratio ("mes) Profit after tax + Finance cost in P&L + Depreciation Finance cost (P&L and Capitalised) + Principal Repayment (Long term borrowing and Lease Liabilities) Interest Service Coverage Ratio (Times) Profit before tax + Finance cost in P&L + Depreciation Finance Cost (P&L and Capitalised) Networth ({ in Lakh) Equity share Capital + Other Equity -Capital Reserve -Revaluatlon Reserve) Current Ratio (Times) Cu rrent Assets Current Liabi lities Long Term debt to working capital gTimes) Nan-Current Borrowings (lncluding Current Maturities of Non-Current Borrowings) Current Assets Less Current Liabilities (Excluding Current Matui.ities of Non-Current Borrowings) Bad Debt to Account receivable ratio ITlmes) Bad Debt Average Trade Receivable Cument Liability Ratio ITimes) Cument Liability Total Liabilitles Total debts to total assets (Times) Total Debt (Nan-current + Current) Total Assets Debtor Turnover (Times) Revenue from operations Average Trade Receivable Inventory Turnover (Times) Sale of Products Average I nventory Operating Margin (%) Profit before Exceptional Item and Tax + Finance Costs + Hedging & Forex-related Expenses (Net) -Interest Income -Profits on sale of investments in subsidiary Revenue from Operations Net Profit Margln (%) Profit after Tax . Revenue tram Operations * including profits on sale of investments in subsidiary

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/AV'/Av;vFo:ofsplFsy{ AEGIS VOPAK TERMINALS LIMITED uNAUDiTEDsT^NDAL.ONEFiNiLNci^LRHL/LT8FORThEqt+____^RiERA+iDi+^LFyEAREHDE[)sEpiiapERan202e NOTES: 1 The above Standalone Financial Results have been reviewed by the Audit Committee and approved by the Board of Directors at the meeting held on October 26, 2026. The Statutory Auditors of the Company have carried out a Limited Review of the aforesaid results, 2 These results are prepared in accordance wth the recognition and measurement principles laid down in the Indian Acoounting Standard 34 .Interim Financial Reporting" ("lnd AS 34"), prescribed under Section 133 of the Compames Act, 2013 read with relevant rules Issued thereunder and other accounting principles generally accepted ln India. 3 0n October 28, 2025, the Company has acquired 48.000 Equlty Shares representing 96°/a Of the shareholding of Aegis Terminal (Pipavav) Limited (UATPL") from Aegis Gas (LPG) Private Limited (.AGPL.). Pursuant to the completion of the acquisition. ATPL has become subsidiary of the AVTL w e.f November 13, 2025. 4 0n January 2, 2026, a Shai.e Purchase Agreement ("SPA") was entered among Aegis Vopak Terminals Limited(UAVIL"), Aegis Gas (LPG) Private Limited("AGPLn), Vopak India B.V ("Vopak") and Hindustan Aegis LPG Limited("HALPG") in relation to the purchase 6,21,146 Equity shares of HALPG from AGPL representing 51% and 2,92,303 Equity shares from Vopak representing 24% of the shareholding of HALPG Pursuant to the completion of the acquisition, HALPG has become subsidiary Of AVTL w e f January 06, 2026. 5 0n March 27, 2026, Share Purchase Agreement ("SPA-1 ") was entered by Aegis Vopak Terminals limited("AVTr) wth Aegis Terminal (Pipavav) Limited ("ATPL") and ltochu Corporation rltochu") in relation to transfer of 5,00o Equity shares representing 10% of the paid up share capital Of ATPL to ltochu for an aggregate consideration of Rs.8,032 lakhs. For and on behalf of the Board of Dlrectors Place: Mumbai Date October 26, 2026 Raj K. Chandarla Chairman & Managlng Dlrector DIN : 00037518

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CNK & Associates LLPChartered Accountants Independent Auditor's Review Report on Unaudited Consolidated Financial Results of AEGIS VOPAK TERMINALS LIMITED for the quarter and half year ended September 30, 2026, pursuant to the Regulation 33 and 52 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. Review Report To The Board of Directors Aegis Vopak Terminals Limited 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results ("the Statement") of Aeals Vopak Terminals ljimited (the "Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as the "Group") for the quarter and half year ended September 30, 2026, being submitted by the Holding Company pursuant to the requirements of Regulation 33 and 52 of the SEBI q.istmg Obligations and Disclosure Requirements) Regulations, 2015, ("the Listing Regulations") as amended from time to time. 2. This statement, which is the responsibihty of the Holdmg company's Management and approved by the Holding Company's Board of Directors at their meeting held on October 26, 2026 has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with the Listing Regulations. Our responsibility is to express a conclusion on the Statemc`nt based on our review. 3. We conducted our review of the statement in accordance with the standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does nt]t enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinon. 4. We also performed procedures in accordance with the clrcular issued by the SEBI under Regulation 33 (8) of the Securities and Exchange Board of India a.1sting Obligation and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable. Mlstry Bhavan, 3rd Floor, Dinshaw Vachha Road, Churchgate, Mur ibal 400 020. Tel: +91 22 6623 0600 501-502, Narin Chambers, M.G. Road, Vile Parle a), Murribal 40( 057. Tel: +91 22 6250 7600 Web site: www. cnkindia. com MUMBAI I cHENNAi I VADODARA I AHMEI]ABAI) I GIFT clTy I GURUGRAM BENGALURu I DELm I PUNE I KOLKATA I DUBAI I ABu DHABI I SHAR)AH

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5. The statement indudes the results of the following entitles: Holding Comt)anv: AestV;pakTinalsljimited Subsidiaries: a. CRL Terminals private Limited b. Konkan Storage Systems q<ochi) Pflvate Limited c. Aeds Teminal q'ipavav) Limited d. Hindustan Aegis LPG Limited e. Aeals Energy Terminals Linited* *Incorporated ori I eptember 25 , 2026 6. Based on our review conducted and procedures performed as stated in paragraphs 3 and 4 above and ba,sed on the consideration of the review reports of the other auditor referred to in paragraph 7 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards and other accounting principles generally accepted in India, has not disclosed the information requred to be disdosed in terms of the Regulation 33 and 52 of the SEBI qjisting Obligation and Disclosure Requirements), Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any materLal misstatement. Other Matter 7. We did not review the financial results of two subsidiaries included in the Unaudited Consolidated Financial Results, whose financial results reflect total assets of € 59,411.36 Lakhs as at September 30, 2026 and total revenues of < 6,507.31 Lakhs and € 10,058.69 Lakhs, total net profit after tax of € 4,199.84 Lakhs and € 5,949.63 Lakhs and total comprehensive income of { 4202.37 Lakhs and € 5,954.68 Lakhs for the quarter and half year ended September 30, 2026 respectively and cash flows of € 2,973.26 Lakhs for the half year ended September 30, 2026. These financial results have been reviewed by other auditor whose reports has been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to tlie amounts and disclosures included in respect of these subsidiaries, is based solely on the reports of the other auditor and the procedures performed by us as stated in paragraph 3 and 4 aboveL Our conclusion on the Statement is not modified in rc`spect of the above matter. For C N K & Associates LLP Chartered Accountants Firm Registration Number: 101961W/W-100036 eeVijay Mehta Partner Membership No.: 106533 UDIN: 26106533HMZUVR1206 Place: Munbai Date: October 26, 2026

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|AV|A:vLof3p3lNS)A AEGIS VOPAK TERMINALS LIMITED UNAUDITEDCONSOLIDATEDFINANCIALRESuLTSFORTHEQUARTERANDHALFYEARENDEDSEPTEIVIBER30.2026({lnLakhexcoptpersharedata)HIfearendedYearended Partlculars a30092026uarter ended30062026 30.09.2025 ay30.09.2026 30.09.2025 31.03.2026 U dlted Unaudited Unaudited Unaudlted Unaudited Audited INCOME1Revenue from operations mall27,083.81 23 , 377 40 23,222.75 50,461 210333 44,021.59288684 92,307.82374655 2 Other income3TOTALINCOME (1+2) 567.3427,651.15158298435,9923,813.391270361 ,739 2824,962.031355.131,0.51,464.542,853.34 46,908.432,55973 96,054.375,184.84 4 EXPENSES Employee benefits expensesFinancecostsD.t'ndamortisation expense 4,034 365,815.76 3,933.965,547.11 1.858.865,496.88 7,968.3211.362.87 4,888.019.673.97 10,972.5520,773.79 eprecia lan aOtherexpensesTOTALEXPENSES 4,261.9815,695.08 4,163.7214,915.15 4,519.3913,230.26 8,425.7030,610.23 8,587.3525,709.0618,477.7355,408.91 5 Profitbefore tax (34) 1 1,956 .07 8,898.24 11,731.77 20,854.31 21,199.37 40.645.46 6 Tax expenses 2,315.27 1,956.80 1,709.95 4,212.01 3,298.88 6,453.33 7 Profit for the period / year 9,640.80 6,941.44 10,021.82 16,582.24 17,900.49 34,192.13 Attributable to : 8,656 96 6,60'/.64 8,864 71 1 5 264 60 15,966 58 31,046.93 Owners of the company Nan Controlllng Interest 983.84 333 80 1,157.11 1,31764 1.933.91 3,145 29 8 Other Comprehensive Income (net Of tax) 17,960.58 2.52 8,668.33 17.963.10 30,397.92 30.413 26 Attributable to : 15.817.17 2.526,943.96 8,668.3318,690.1515.819 69 30,397,9248,298.4130.413 2664,605.39 Owners of the company Non Controlling Interest 2,143 41 2,143 41 9 Total Comprehensive Income for the perlod/ year 27,601.38 34,545.34 Attributable to : 24,474,13 6,610.16 17,533.04 31,084.29 48,364 50 61,460 19 Owners Of the company Non Controlling Interest 3,127,25 333.80 1 .157.1 1 3,461.05 1. 933.91 3,145 20 10 Paid lip Equfty Share Capital 110,799.15 1 10,799.15I 110.799.15 110,799.15Ii 110,79915 110,799.15230,14595 (Face value of {10 per share) 11 Other Equity (excluding revaluation reserves) !12Earningsperequitychare(Facevalueof!10each) (NQt annualisecl, except for the year encled 31.03 2026) Basic (in €) Diluted (in i) See accompanying notes to the financial results £oFPGJ;ScoY2?2FT?w{r=Ee:n¥u|at£,iesspLa`ry'TED|:;ilo;=o::a:d::¥6:;i:ET°:2p;:,::;;g£:o:;::;,I:,:d:::ocmi:::Roa2S:a:6V6a6P;;;;;t9o5b:,Its:=a:e:,:Uva:::':nod:: G.K. Marg, Lower Parel (W), Mumbai -400013. India

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|AV|Av:JEo:fp3plws,A AEGIS VOPAK TERMINALS LIMITED UNAUDITED CONSOLIDATED SEGMENT INFORMATION FOR THE QUARTER AND HALF YEAR ENDED SEPTEIVIBER 30. 2026 (, ln Lakh) Particulars Quartei. ended Half year ended Year ended 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 unaudlted Unaudifed UnaLldlted Unaudlted Unaud-rted Audlted Segment RevenueLiquidTerminalDivision 12,888.15 12,653.52 10,603.49 25,541.67 20,289.95 44,047.40 Gas Terminal DlvisionNetSales/Incomefrom OperationsSegmentResultsLiquidTerminalDivision14,195.66 10,723 88 12,619.26 24,919.54 23,731.64 48,260 42 27,083.81 23.377.40 23,222.15 50,461.21 44,021,59 92,307.82 7,299.93 6,926 60 4,657.78 14,226.53 8,840.52 20,308.99 Gas Terminal DivisionTotalofsegmentresults 8,895.60 5,98111 9,152.48 14,876.71 16,828.41 31,758.16 16,195.53 12,907.71 13,810.26 29,103.24 25,668.93 52,067.15 Less. Finance Cost 4,034.36 3.933 96 1,858.86 7.968 32 4,888.01 10.972.55 Less: Other un-allocable expenditure (net) 627.23 491 80 504 .15 1,119.03 986.83 2,490 47 Add Interest IncomeProfitbeforetaxSegmentAssetsLiquidTerminalDivision 422 .13 416 29 284 52 838.42 1,405.28 2,041 33 11,956.07 8,898.24 11,731,77 20,854.31 21,199.37 40,645.46 361,699.69 350,446.00 318,230.96 361,699.69 318,230 96 364,204.10 Gas Terminal DMsion 516,690`86 464,266 81 447,674.31 516,690.86 447,674.31 439,155.92 unallocable TotalSegmentLiabilitlesLiquidTerminalDivision33,528.96 26,397,31 11,759.17 33,528.96 11,759.17 41.652.86 911,919.51 841,110,12 777,664.45 911,919.51 777,664.45 845,012.88 115,797.53 113,550 24 143,980.05 115.797.53 143,980.05 115,992. 32 Gas Terminal Divlslon 56,233.84 53.47313 28,522.50 56,233.84 28,522,50 51,312.31 unallocable TotalCapitalemployedLiquidTerminalDivision31,092.31 26,341 58 121,857.96 31,092.31 121,857.96 24,091.98 203,123.68 193,364.95 294,360.51 203,123.68 294,360.51 191,396.61 245.902.16 236,895.76 174.250,91 245,902.16 174,250.91 248.211.78 Gas Terminal Division 460,457.02 410.793.68 419.151.81 460,457 02 419,15181 387,843.61 Unallocable Total 2,436.65 55.73 (110,098.79) 2,436,65 (110.098.79) 17.560.88 708,795.83 647.745.17 483,303.93 708,795.83 483,303.93 653,616.27

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/V/ Fv;JEo:fr3F\NS)A AEGIS VOPAK TERMINALS LIMITED UNAUDITED CONSOLIDATED BALANCE SHEET AS AT SEPTEMBER 30. 2026 ({ ln Lakh) Partlculars Asat Asat September 30, 2026 March 31, 2026 Unaud]ted Audl'ed ASSETS 708,832.22 663,550 37 Nan current assets Property, plant and equipment Capital work-in-prog ress 31,931.00 21,046.07 Goodwill 1,357,89 1,357 89 Intangible assets 166.59 136.07 Financial assets 1,072.67 991.94i. Otherfinancial assets Income tax assets (net) 2,737.44 2,152.60 Deferred Tax assets 3,041.95 2,901.87 Other non current assets 81,274.02 79,351.36 Total non current assets 830,413.781,522.32 771,488.171,76019 C urrent assetsInventories Financial assets 28,057.56 18,618.30i. Trade receivables ii Cash and cash equivalents 32,624.53 30,227.89 iii. Bank balance other than (ii) above 443.24 460.24 iv. Other financial assets 7,876.93 12,163 21 Other current assets 10,981.15 10,294.88 Total c iirrent assets 81,505.73 73,524.71 TOTAL ASSETSEQUITYANDLIABILITIES 911.919.51 845,012.88 110,799.15 110,799 15 E9giv Equity share capital Other equity 334,35010 318,257.90 Equity at(ributable to owners of the Company 445,149.25 429,057.05 Non Controlling Interest 14.177.97 12.796.75 Total equity 459.327.2253,578.94 441,853,8034,690.70 LIABILITIES Nan-current liabil ities Financial liabilities i. Borrowings Ii Lease Liabilities 150,131.36 148,994.52 Provisions 647.17 628.84 Deferred tax liabilities (net) 23,83817 19,762.30 Tctal non¢urrent l!abllltie8 228,195.64195,889.67 204,076.36Tin,IJri1J7 Cu rrent I iabl lltie8 Financial liabilities i. Borrowings ii. Lease Liabilities 12,487.00 12,335 70 iii. Trade payables 32.88 5561Total outstanding dues of creditors of micro enterprises and small enterprlses Total outstanding dues of creditors other than micro enterprises and small enterprises 3,058 47 2,702.84 iv. Other financial liabilities 6,828`99 4,022.02 Other current liabilities 5,515.02 2.135.22 Provisions 264 43 264.44 Current tax liabilities (net) 320 . 1 9 495.12 Total current llabilitie8 224,396.65 199,082.72 TOTAL LIABILITIES 452,592.29 403,159.08 TOTAL EQUITY AND LIABILITIES 911.919.51 845.012.88 I

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AEGIS VOPAK TERMINALS LIMITED UNAUDITED CONSOLIDATED CASH FLOW STATEMENT FOR THE HALF YEAR ENDED SEPTEIVIBER 30. 2026 Particular8 Half year ended Half year ended September 30, 2026 September 30, 2025 Unaudlted Unaudited Cash flow from oDeratina actlvities 20,854`31 21,199.37Profit before tax Ad i ustments for: 11.362.87 9,673.97Depreciation and amortisation Finance costs 7,968 32 4,888.01 Interest income (838.42) (1,405.28) Loss on sale of property, plant and equipment (0 44) (0.18) Actuarlal gain/ (loss) recognised in other comprehensive income 6.75 773 Operating profit before working capltal changes 39,353.39240.94 34,363.62(173.91) Adjustment8 for changes In working capital: Decrease/ (increase) in inventories (Increase) in trade receivables (9,439.26) (1,388.76) Decrease/ (increase) in other nonturrent assets 2,685.16 (6,780.72) Decrease in other current assets 209.32 8,967.48 (Increase) in other current financial assets (2.140.83) (1,646.25) (Increase) in other non-current financial assets (66.70) (1,906 62) Decrease in other bank balances 1700 14.96 Increase in trade payables 330.90 239.92 (Decrease) in current provlslons (0.01) 42.42Increase in non-current provislons 18.33 (Decrease)/ increase in other current financial Ilabilities (305.94) 2,981.70 Increase in other current liabilities 1,039.80 879.06 Cash generated from operations 31.942.10 35,592.90 Income tax paid (2,140.88) (2,036.13) Net cash generated from operating actlvltles (A) 29,801.22(7.477.84) 33,556.77(8,663.45) Cash flow from investina activities Purchase of property, plant and equipment including capltal advances Purchase of intangible assets (47.88) 22.08Proceeds from sale of property, plant and equipment 1.91 Sale Of investments in subsidiary company 8,032.00 (127.720.02)Payment Of business acquisitions from related parties including capital advances (54,717.00) I nterest received 662.84 1.588.62 Net cash (used !n) investlng activities (8) (53,545.97)69,333.00 (134,772.77)(203,447.78)(8,78S.98) Cash flow from financlnQ activities Proceeds from nan-current borrowings Repayment of non-current borrowings from banks (2,441 77) Proceeds from rion-current borrowings from related partles 10.550 00 Repayment of non-current borrowings from related parties (39,959.00) Lease liability paid (4,633.59)(2,215.98) Proceeds from issue Of equity shares (net Of share issue expenses) 269,088.40 Dividend paid (4,284.06)Interest paid (4,491.27) Nct cash generated from financ[ng activitles (C) 26,141.39 52,570.58 Net increase/ (decrease) In cash and cash equlvalents (A+ 8+ C) 2,396.64 (48,645.42) Cash and cash equivalents as at the beginnjng Of the period 30.227.89 72,128.82 Cash and ca8li equivalent8 a8 at the end of the period 32,624.53 23,483.40 Note: FF;=bove Cash Flow Statement has been prepared under the 'indirect method. as set out in Indian Accounting Standard (lnd AS 7) -Statement of Cash F'ow.

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/V| Fv;vLofpip+Ff;SK AEGIS VOPAK TERMINALS LIMITED ADDITIONAL DISCLOSURES AS PER SEBl /LISTING 0BLIGATloN AND DISCLOSURE REQUIREIVIENTS` REGULATloNS. 2015 Partlcular8 Quarter ended Half year ended Year ended 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 Unaudlted Unaudited Unaudited Unaudited Unaildlted Audited 1 Debt Equfty Ratio (Times) 054 0.44 0.10 0.54 0.10 048 2 Debt service coverage Ratio -NotAnnualised ITjmes) 308 0.34 3.02 0.65 a.15 0.29 3 Interest service coverage Ratio ("mes) 314 2.63 5.11 2.89 3.95 3.56 4 0iltstanding redeemable preference shares 5 Capltal Redemption Reserve 6 Debenture Redemption Reserve 7 Networth ({inLakh) 550,365.25 541,841.91 527,302,55 550,365.25 527,302.55 535,231.75 8 Current Ratio ("mes) 0.36 0.34 041 0.36 0.41 0.37 9 Long Term debttoworking capital ITimes) 4.71 4.45 (0.56) 4,71 (0.58) 4.11 1 o Bad Debt to Account receivable ratio ITimes) 11 Current Liability Ratio ITimes) 0.50 0.51 0.58 0.50 058 0.49 12 Total debts to total assets (Tlmes) 0.27 0.24 0.06 0.27 0.06 025 13 Debtor Turnover -NctAnnualised (Times) 1.02 1.06 1.68 2.16 2.75 6.03 14 Inventory Turnover -Not Amualised (Times) 15 Operating Margin (%) 78.99% 76`83o/a 83.42% 11 .I yRMo 84.43% 76.21% 16 Net profit Margin (%) 35.60% 29.69% 43.16% 32.86% 40.66% 37.04% Formulae for compLifatlon of ratios are a8 follows - Ratlo Fomulae Debt Equity Ratio (Times) Total Debt (Non-current + Current) Total Equity Debt Service Coverage Ratio (Times) Profit after tax + Finance cost in P&L + Depreciation Finance cost (P&L and Capitalised) + Principal Repayment (Long term borrowing and Lease Liabi lities) Interest Service Coverage Ratio (Times) Profit before tax + Finance cost ln P&L + Depreciation Finance Cost (P&L and Capitalised) Net Worth (i in Lakh) Equity share Capital + Other Equity -Capital Reserve -Capital reserve cm consolidation - Revaluation Reserve Current Ratio (Times) Cu rent Assets Current Liabilities Long Term debt to working capital ITimes) Nor`-Current Borrowings (Including Current Maturities of Non-Current Borrowings) Current Assets Less Current Liabilities (Excluding Current Maturities Of Nan-Current Borrowings) Bad Debt to Account recelvable ratio ITimes) Bad Debt Average Trade Receivable Current Liability Ratio ITimes) Cument Llability Total Liabilities Total debts to total assets (Times) Total Debt (Non-current + Current) Total Assets Debtor Turnover (Times) Revenue from operations Average Trade Receivable Inventory Turnover (Times) Sale of Products Average I nventory Operating Margin (%) Profit before Exceptional Item and Tax + Finance Costs + Hedging & Forex-related Expenses (Net) -Interest Income Revenue from Operations Net Profit Margin (%) Profit after Tax Rever`ue from Operations

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AEGIS VOPAK TERMINALS LIMITED UNAUDITED CONSOLIDATED FINANCIAL F`ESuLTS FOR THE QUAF`TER AND HALF YEAR ENDED SEPTEIVIBER 30 2026 NOTES: 1 The above Consolidated Financial Results have been reviewed by the Audlt Committee and approved by the Board of Directors at the meeting held on October 26, 2026. The Statutciry Auditors of the Company have carried out a Limited Review Of the aforesaid results. 2 These results are prepared in accordance with the recx)gnition and measurement pnnclples laid down in the Indian Accountlng Standard 34 alnterim Financial Reporting" (.lnd AS 34"), prescribed under Section 133 of the Companies Act, 2013 read w •th relevant rules Issued thereunder and other accounting principles generally accepted in India. 3 The following Subsidiaries have been considered for the purpose of preparing Consolidated Financial Results as per lnd AS 110 on .Consolidated FinanCial Statements.. Name of the Subsidiary Company O`^/ner8hip Interest ln % Konkan Storage Systems (Kochi) Private Limited 100% CRL Terminals Private Limited 100% Aegis Energy Terminals Limited (Incorporated on September 25, 2026) 100% Aegis Terminal (Pipavav) Limited 86% Hindustan Aegis LPG Limited 75% 45 During the quarter ended December 31, 2025, the Group acquired Aegis Terminal (Pipavav) Limited, an entity under the common control of the Ultimate Parent. The transaction has been accounted for in accordance with Appendix C to lnd AS 103 -Busi ness Combinations Of Entities under Common Control, using the pooling of jntere9t method. Accordingly, the financial results have been prepared as if the business combination had occurred from the beglnning of the earliest period presented, and the comparative figures for the previous penods have been restated to include the tina ncial information of Aegis Terminal (Pipavav) Limlted. The assets and liabilities of the subsidiary have been recorded at their existlng canying values. During the quarter ended March 31, 2026. the Group acquired Hindustan Aegis LPG Limited, an entity under the common control of the ultimate Parent. The transaction has been accounted for in accordance with Appendix C to lnd AS 103 -Business Combinations of Entities under Common Control, using the pooling of interest methed. Accordingly, the financial results have been prepared as if the buslness combination had occurred from the beginnlng of the earliest period presented. and the comparative figures for the previous periods have been restated to include the financial information of Hindustan Aegis LPG Limited. The assets and liabilities of the subsidiary have been recorded at their existing carrying values.Forandon benRa|K.Chandari a[f Of the Board of Dlrector8a Place: Mumbai Chairman & Ma naglng Dlrector Date. October 26, 2026 DIN : 00037518

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CNK & Associates LLPChartered Accountants UDIN: 26106533GELSUD1652 To' The Board of Directors, AEGIS VOPAK TERMINALS LIMITED 1202,12th Floor, Tower 8, Peninsula Business Park, G.K. Marg, Lower Parel (W), Mumbai -400013. IndependentAuditor'sCertificateonSecurityCoverasatSeptember30,2026inrespectof its 66,000 Non-Convertible Debentures (INE0INX07015) pursuant to Regulation 54 read with Regulation 56(1)(d) of the Securities and Exchange Board of India (`SEBI') (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) and SEBI Master Circular dated August 13, 2025. 1. This Ceftiflcate is issued in accordance with the request received from Aeds Vopak Terminals Iinted qefeinafter referred to as the "Company'), having its redstered office at 502, Skylon, G.I.D.C., Char Rasta, Vapi, Gujarat, India, 396195. 2.We,CNK&AssociatesILP,CharteredAccountants,aretheStatutoryAuditoroftheCompany and have been requested by the Management of the Company to examine the accompanying Statement showing `Security Cover Ratio as per the terms of Placement Memorandum and/or Debenture Trust Deed' in respect of its 66,000 Secured, Senior, Rated, Ijsted, Taxable, Redeemable, Non-Convertible Debentures haling face value of { 1 Lakh each, aggregating to {66,000Lakhs(`NCDs)asatSeptembef30,2026Qereinafterthe"Statement").TheStatement has been prepared by the Company from the Board approved unaudited standalone financial results, underl)ing books of account and other relevant records and documents maintained by the Company as at and for the period ended September 30, 2026 pul.suant to the requirements of the Regulation 54 read with Regulation 56(1)(d) of the SEBI ousting Obligations And Disclosure Requirements) Regulations, 2015 (as amended) and SEBI vide Master circular no. SEBI/HO/DDHS-PoD-1/P/CIR/2025/117 dated August 13, 2025 qereinafter together referred to as the "SEBI Regulations and SEBI Master Circular"). The Statement has been initialled by us for identification purpose only. 3. The Certificate is required by the Company for the purpose of onward submission with Axis Trustee Services Limited qereinafter the "Debenture Tmstee") of the Company to ensure compliance with SEBI Regulations and SEBI Master Circular in respect of its 66,000 Secured, Senior,Rated,histed,Taxable,Redeemable,Non-ConvertibleDebentureshavingfacevalueof {1Lakheach,aggregatingto{66,000Lakhs(NCDs')asatSeptember30,2026.TheCompany hasentefedintoanagreementwiththeDebentureTrusteevideagreementdatedNovember05, 2025 in respect of such NCDs qereinaftef the "Debenture Trust Deed"). Mistry Bhavan, 3rd Floor, Dinshaw Vachha Road, Churchgatc , Mum >ai 400 020. Tel: +91 22 6623 501 -502, Narin Chambers, M.G. Road, Vile Parle a), Munbal 400 ( 157. Tel: +91 22 6250 7600 Website: www.cnkindia.com MUMBAI I CHENNAI I VADODARA I AHMEI)ABAD I GIFT CITY I GURL'GRAM| )ENGALURU I DELHI I PUNE I KOLKATh LD DHABI I SHAR|AH

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Management' s Re sponsibihity 4. The preparation of the Statement is the responsibility of the Management of the Company including the preparation and maintenance of au accounting and other relevant supporting records and documents. This responsibihty includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the Statement and applying an appropriate basis of preparation; and making estimates that are reasonable in the circumstances. 5. The Management is responsible for ensuring adherence that the details in the Statement are correct. 6. The Management of the Company is also responsible for ensuring that the Company complies withalltherelevantrequirementsoftheSEBIRegulationsandSEBIMasterCircularincluding providing all relevant information to the Company's Debenture Trustee as prescribed in the respectiveDebentureTrustDeedentefedintobetweentheCompanyanditsDebentureTrustee in respect of its NCDs. Auditor' s Re§pon§ibility 7. Pursuant to the requirements of the SEBI Regulations and SEBI Master Circular, it is our responsibihity to provide a limited assurance and conclude as to whether the: i. Book values of assets as included in the Columns 'C' and `F' of Annexure I to the Statement, areinagreementwiththeBoardapprovedunauditedstandalonefinancialresults,underlying books of account and other relevant records and documents maintained by the Company, as at September 30, 2026; and fi. Company has maintained the Security Cover as per the terms of the Placement Memorandum and/or Debenture Trust Deed as at September 30, 2026. Our responsibility does not include the evaluation of adherence by the Company with au the applicable Regulations. 8. We have performed a limited review of the unaudited standalone financial results of the Company for the period ended September 30, 2026, prepared by the Company pursuant to the requirements of Regulation 33 and Regulation 52 of the SEBI Regulations and issued an unmodifled conclusion vide our review report dated October 26, 2026. Our review of those standalone financial results was conducted in accordance with the Standards on Review Engagements (SRE) 2410, "Review of Interim Financial Information Perfomed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India (`ICAI).

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9. Our scope of work did not involve us performing audit tests for the purpose of expressing an opinion on the fairness or accuracy of any of the flnancial information or the financial results of the Company taken as a whole. We have not performed an audit, the objective of which would be the expression of an opinion on the flnancial results, specified elements, accounts or items thereof, for the purpose of this certificate. Accordingly, we do not express such an opinion. 10. A limited assurance engagement includes performing procedures to obtain sufficient appropriate evidence on the applicable criteria mentioned in paragraph 7 above. The procedures performed vary in nature and timing from, and are less extent than for, a reasonable assurance. Consequently, the level of assurance obtained is substantially lower than the assurance that would have been obtained had a reasonable assurance engagement been performed. Accordingly, our procedures included the following in relation to the Statement: a. Obtained the Board approved unaudited standalone financial results of the Company for the period ended September 30, 2026; b. Traced the book value of assets and hiabilities as given under Column `j' of Armexure I of the Statement to the Board approved unaudited standalone financial results, underlying books of account and other relevant records and documents maintained by the Company as at September 30, 2026; c. Obtained and read the Debenture Tmst Deed and Placement Memorandum, and based on such documents noted the details regarding charge(s) and security cover ratio required to be maintained by the Company in respect of NCDs; d. Obtained the list of security created in the redster of charges maintained by the Company and 'Form No. CHG-9' ffled with Ministry of Corporate Affairs (MCA). Traced the value of charge created against Assets to the Security Cover in the attached Statement; e. Traced and agreed the principal amount and the interest thereon outstanding in respect of NCDs from the Statement to the Board appfoved unaudited standalone financial results, underlying books of account and other relevant records and documents maintained by the Company as at September 30, 2026; f. Obtained the hst and value of assets secured under the Debenture Trust Deed and/of Placement Memorandum from the management and traced the total of such assets to Column `C' and `F' of Armexure I of the Statement. Management has represented that all such assets are part of the assets mentioned in the point (c) above and secured under the Debenture Tmst Deed. We have relied on such representation and have not performed any independent procedures in this regard. Traced the value of such assets to Colunin `C' and `F' of Annexure I of the Statement to the Board approved unaudited standalone financial results, underlying books of account and other relevant records and documents maintained by the Company as at and for the period ended September 30, 2026;

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9. Obtained the list and value of assets placed under lien or encumbrance from the management for the purpose of obtaining any other loan and determined that such assets are not included in the calculation of security cover in respect of this NCDs. Management has represented the completeness of such assets, and we have fetied on the same and not performed any independent procedures in this regard. Traced the value of such assets to Column `D' of Annexure I of the Statement; h. Obtained the hst and value of assets not secured from the management. Management has represented the completeness of such assets, and we have relied on the same and not performed any independent procedures in this regard. Traced the value of such assets to Column `H' of Annexure I of the Statement; i. Obtained the list and value of Debt not backed by any assets offered as security from the management. Management has represented the completeness of such debts, and we have relied on the same and not performed any independent procedures in this regard. Traced the value of such debts to Column `H1 ' of Annexure I of the Statement; j. Traced the total of, other debt securities/facilities secured through assets available for debt securities/facihies, interest accrued/payable on such secured debt securities/facihaes and Ind AS adjustments for the effective interest rate @IR) on all secured debt securities, to the books of accounts and records of the Company as at and for the period ended September 30, 2026. We have relied on management representation for the completeness of such amounts and have not performed any independent procedures in this regard; k. Examined and verified the arithmetical accuracy of the computation of security cover ratio @ased on book values) mentioned in the accompanying Statement; I. Compared the security cover with the security cover required to be maintained as per Placement Memorandum and/or Debenture Trust Deed; in. We have not performed any procedures on amounts given under Column `K' to Column `0' of Annexure I of the Statement; and n. Performed necessary inquiries with the management and obtained necessary representations. 11. We conducted our examination of the Statement in accordance with the 'Guidance Note on Reports of Certificates for Special Purposes' issued by the ICAI (the `Guidance Note). The Guidance Note requires that we comply with the ethical requirements of the Code of Ethics issued by the ICAI. 12. We have comptied with the relevant applicable requirements of the Standard on Quality Control (SQC)1, QuaHty Control for Firms that Perform Audits and Reviews of Historical Financial Information, and Other Assurance and Related Services Engagements.

Page 22

Conclusion 13. Based on the procedures performed by us, as referred to in paragraph 10 above, read with notes given in the Statement and according to the information and explanations received and management representations obtained, nothing has come to our attention that causes us to believe that the: i. Book values of assets as included in Column 'C' and `F' of Annexure I to the Statement are not in agreement with the Board approved unaudited standalone financial results, undedying books of account and other relevant records and documents maintained by the Company as at September 30, 2026; and ii. Company has not maintained the Security Cover as per the terms of the Placement Memorandum and/or Debenture Trust Deed as at September 30, 2026. Restriction on Use 14. The Certificate has been issued at the request of the Company, solely in cormection with the purpose mentioned in paragraph 3 above and to be submitted with the accompanying Statement to the Debenture Trustee and Stock Exchange pursuant to the requirements of the Regulations. It is not to be used or referred to any other person or for any other purpose. Accordingly, we do not accept or assume any habihty or any duty of care for any other purpose or to any other person to whom this certificate is shown or into whose hands it may come without our prior consent in writing. We have no responsibility to update this certificate for events and circumstances occurring after the date of this certificate. For C N K & Associates Iip Chartere d Accountants Firm's Redstration No.: 101961W/W-100036 ck#Vijay Mehta Partner Membership No.: 106533 UDIN: 26106533GEI.SUD1652 Ref. No.: REF/CERT/VLP/261 /2026-27 Place: Mumbai Date: October 26, 2026

Page 23

/RJgr/Fv;vFioGplAs;]KA JV o( Aegis Logistics Ltd & F`oyal Vopak Statement of Security Cover Ratio a§ at September 30, 2026 in I.espect of 66,000 Secured, Senior, Rated, Listed, Taxable, Redeemable, Non - Convertible Debentures having face value of € 1 Lakh each (INE0INX07015) aggregating to { 66,000 Lakhs [INCDs'] Compliance with Security cover as per the terms of Placement Memorandum and/or Debenture Trust Deed in respect of NCDs aNE0INX07015) - Pardculars As` on Septembe'r 30, 2026 ~ Compnance Met Security Cover Rfttlo (consohdated)* Tangible moveable fixcd Yes P\4inrmum 1.30 tmes] assets, present` at Mango.lorePort(LPGAndLiquidterminal)[ReferAnnexure1] *AJ Per I:)lacemenl Memorovidwm and/ or Debenture TrmJI Deed, a filrjl a/id ex[liJJiue [bangie exiJIJ ouer "A// the ltlngib/e moueab/e fixed af f efj (including Slorage tanho), Prrse7it, Of the Borrouer al Mangalore P: ort (1J]G and lic]uid ter77iina/f)". Tbeje asf et! are drly riflected in the Company'f T}oard a|)proved unowdited Jtandc}/orie firianeda/ rojulls and underleying booha Of account, and accordingb, tl]e Seourio CouerRatio is comfilied with ori lbis bd]iS. Notes: i The Above stfttement is prepared for submission to Axis Trustee Services Limited pursuant to I-e(lull.ements of Regulatlon 54 I.Cad with Regulation 56 (1)(d) of Securities and Exchange Board of India (Llstlng Obligations and Disclosure Requli.ements) Regulations, 2015 (as amended) and SEBI Master Circular dated August 13` 2025 on Revised format of security cover certificate, moiiitoring and rc'vision in timelines. 8 \Ve confu.in that assets included a.s part of Tangible movable fixed assets (including storage tzlnks) in Annexure I nre part of Tangible moveable [-lxed assets, present, at Mangftlore Pc)rt (LPG and Liquid termuial) and secured against the NCDs as per the Placement Memorandum and/or Debenture Tmst Deed. C. We confum that there are no other borrowings/debts taken by the Company other than mentioned in Annexure I whlch has any type of charge on the Tangible moveable flxed assets, present, at Mangalore Port qpG and Liquid terminal). D. We confirm that "Other debt sharing pari-passu ch:irge with above debt" includes Intei.est ficcrued but not due on secured debt securities/facilities (other than debt securities to which this certifica,te pertains) aiid Ind AS adjustments reli\ting to the effective interest rate on an secured clebt securities (including debt securities to u hich this certificate pertains). ;°KFPMG±S:L°oV:2;2p:T?#M::E:¥r:aE?+::::I:'ry[TED|:;ilo::o::°:::¥:;::E::2pa:::;;°::o:4::;,I:,:d:::ocm::::Roa;ta66V6a6P:;;;:;9o5b:,Its:Vj:a:e:,:J;:::;ncd::

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/RJu/ Av;vF=oGp\AS;)AA JV ot Aegis Logisties Ltd. & Boyal Vopak E. The Market value of assets (in column `K' ofAniiexure I) has been determined by independent valuers vide their reports datedjune 30, 2022; Apal 01, 2024; April 12, 2025 and July 22, 2025 respectively and adjusted for subsequent additions and depreciation. F. `Other debt sharing pari-passu charge with above clebt' disclosed under Column `D' of Annexuie I are secured against exclusive charges over certain other specifled feted assets (not part of the secured assets for debts disclosed under (:olumn `C' of Annexure I) offered as security. Further, during the per.iod ended September }0, 2026, the Company, with the pri(]r \vi.ltten consent (jf the Debentui.e Trustee, extended the existlng pari-passu chat.ge over all cash flows, I-eceivables, book debts, bank accouiits, etc in favour of the new charge holder in connection with the secured Rupee Term Loan (RTL) availed by the Company. G. Cash and Cflsh Equivalents (forming part of the assets subject to the pari passu security arrangement in favour of the Debenture Trustee antl IiDf``C Bftnk Lrited) include rixed deposi[s aggregating <15,750 Lakhs placed with HDFC Bank Limted. The entire amount of these fixed deposits is under an exclusive llen marked by LIDFC Bank Llmlted towards the proposed partial redempdon of the debentures on the call option date of November 09, 2026, pursuflnt to the prepayment notice submitted by the Company to the Debenture Trustee. For Aegis Vopak Terminals Limited rfManoj Sharma Chief Financial Officer Place: Muml)ai Date: October 26, 2026 This is the Statement as referred to in our certificate RE[J`/CERT/VLP/261 /2026-27 of even date, signed for identlficauon purpose only. For C I`T K & Associates LLP Chartered Accountants Vijay Mehta Partner Place: Mumbai Date: October 26, 2026 ;OKFPM?i:LooY2?2ppaT?#M::E:?:,:aTo3T::::I:'ry'TED|:;:'o::a:a:::::;::E::2pa:,::,;g;;o:4asek:,I;,:d:::oC-::::Roa2S:a66V6a6P:;;9;:9.5b:i:s:=a:e:,:I;::::ncd::

Page 25

gaji!J`a5'E;tJaaa - m3Sssfs:%y^dREjffjdiREy;a;S*,^f«,.#j§#,: a5 i=.+r`.=L 8`£r`. a a£ € 8!9.a i 6i=se++-JT- ,+ -- +i g¥:¥- * ^x*§££sese§ENffffq S`§;i +++Z%s *i•\\\ +\-:3x;¥R-i;+-g)*iii:§-a8*£i€¥)€ur a£ !aa •£•ii i-; ?j!Xi::ap? ='£ 8 a,afj `€G. aa€ (t.A-lggx`seti§:;*);-gpxl ;i?)§j2=zfa`^= ?3x:!g€\++!`,§;*i-:g g:i+a*¥. a§|,g¥3-.x-3A:-;i;&1i~3;S£a9€?;=3;JELy?gf*: 8: aZ!a 3Z3a*g`= €S§gfBFl.rf~|±\+Sx?S-}Sxii-;xp'r\<&- a.f S=E:`a§-= ¥€ 8:` 8=ln` 3 a8fr 8;|n aa C>^+ € a` 5 *x£}-3 -rs,,!aii?:-\:i i;¥yf3*-:fr£ isi§ i,:-\Fg-;g5j¥-^X ¥S;A(3:g??Qii*£i §3 tr `ed!-S¥: }£fr3is(5f; rr\I. a 8a *`5 aE i=' aia. S. X| a! ©-:; ASS;,1;= #^ii8 N,~\.a,i^;`f`; ib;&*\++\X5,--+\-;i;i i a3^ g i=8.Sifia C. &ie^i= \i x \\+\\igS i,8 i .S £ £ .8 a=;i ` 38i--x``,Sin aa \£=i ax,`,::-5-y-i¢r4?-±`::i;;:.-`,:-i " +§^ x ¥,3?i!`Z-Sisea&cut i `7;i =¥i &-cQ*ii2y-5 :^6SiJii;s&3+\+iI+i!:i \€:€:=8 !,f+I •{€i-isee ( ;(7-ly~ A"~.(exv+:in v %\^^ 3.A ??-A:!:?iT??i+i`y¥\ ae i =a!i €¥% i §iI ii-fi iiai i 8iE 5:-i = ig9 f 5 ! :i a aii:i uiCi£ €jFii:5 €ei.§ %; €`:S •;-~£ffiraeasREgriREfft`S,;-&

Page 26

/AV'/Av;vF=oGp\FS;)KA JV ot Aegis Logistics Ltd & Poyal Vopak ia=j5£± § -,;:,;,:~Tif::S£'§ ~ ^'' ;,ys¥* , se±`f&€rfuus``3RE:`s&\:g:r:is:{S ¥1€ asiz #8{Fj!-gsx -I'/ff,I,, ¥ 3:Ii! A 8: . £1.*t:,f;.,yFftN€§asgffffffREasasxzrzLGg88&2.,2yfa`:J*,.4?RQ 8% -,: ,, ,I I I;s, ;i `¥£*.¥%i8iezcA^\+€§S€,++- g'8•`£v: \k aeii Aysi1! S^^YY"^^^.~| =Y A,Sis? . . .. ,, . g€n:i `fu§¥ `.iS\=sL5^sl g +:j! ~£, ++,?;yy£S¥, -^§&+++\+i?g?? :.a,--I`)?s 54g a 3i¥g< \;3f.¥ 5{X&:a;c§~h:-A:i\-c>~ -a;5# \y^^;<§.,3:A;{,„=vyckx:i.:{^::^swl*\3;a:: `,,:',,i: :y a:,-A ,' f : -/;af ;-::,.•c,<-;,*:`*y--.-;\^^rL`^^^tJ3=¥y^yG,`tr;:¥y^`S^'ae §SBan Ss;i;f¥+\ a • ?. = a a,,' ae.3K++ a. a £ 1%? :exfxix<zl3`S8c&bmS+-.¥# aE:a-a 9§i =5§ i!g- =i^ 3}=£^\s;`sx`y:5:??ya.3^^^`^:t``y^?A•/,,A,,,^yx-,,J\y--,(A-:`-(:-`*`-+\/>>4st.rN_::>VxV(^y,;y=y:¥.=::y^¥c.¥y^yx?,:r±:`;x' b ). 3 =ft 8 r= €a. :±^^\f8 RE L^--,-i -g A-j``921+i f%•:3;i++ aff (%i`r-r:1%'£¥ :¥€.%')= A?(:i es £%)S?\1}_ai87!*\= hwl¥g?y-S;`` a a =£i`q,i!c~x.¥g`1< £fo in •Ii +;g :s\ii Ia j! s!S a-;8 XtxLS=T{::S:Y:} :¥:;¥^y::1,Xc3.;?:``Y^';^^;\Z + ¥-i 3=5S£^1i€-++- : Ay`--^L,--a;:-` ,-S a. es -b ^`y!s~*`S.I=9 v;i S, E :S.a*se( ;is a. E99 Ci: 5?*^ y9: i:9j;ij y(,€- A y i ?2 %¥sx£€i. :y`aJ` -*,£ Y:y v5 ;¥`?*=;Y.`3A€x^?,S?Z ^¥Y¥^:3~ js'y¥:::±6\i?;yy€'3:y:S`:`^^'yying`* *€\++fadSax;ees ^£s7€S5Z3;`-\+\ `S € cuf 58 I : a.a: + €ai i + 8 i iaii:i-,-a fn j= i i ii ;i 5€9 i9 i i€ gjag;` Ei :I gii Ei i 5j jj j9 i\ AEGIS VOPAK TERMINALS LIMITED Carp Office: 1202, Tower 8, Peninsula Business Park, G.K. Marg, Lower Parel (W), Mumbai -400013, India R®glstorod Offlco: 502, 5th Floor. : ;kylon G.I.D.C. Char Rasta, Vapi - 396 195, Dist. Valsad, Gujarat. India Tel: 022 6666 3666 | Emall: aegis@: egisindia.com I Fax: 022 6666 3777 I Wobslt®: www.aegisvopak.com CI N No: L63030GJ2013PLC075304

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CNK & Associates LLPChartered Accountants UD IN: 26106533DHJQVJ6124 To' The Board of Directors, AEGIS VOPAK TERMINALS LIMITED 1202,12th Floor, Tower 8, Peninsula Business Park, G.K. Mafg, Lower Parel Ow, Mumbai -400013. IndependentAuditor'sCertificateonSecultyCoverasatSeptembef30,2026inrespectof its1,03,000Non-ConvertibleDebentures(INE0INX07023)pursuanttoRegulation54read withRegulation56(1)(d)oftheSecuritiesandExchangeBoatdof lndia(.SEBI')(Listing ObHgations and Disclosure Requirements) Regulations, 2015 (as amended) and SEBI Master Circular dated August 13, 2025. 1.ThisCeftificateisissuedinaccordancewiththerequestreceivedfromAedsVopakTeminals Limitedqefeinafterreferfedtoasthe"Company'),havingitsfegisteredofficeat502,Skylon, G.I.D.C., Char Rasta, Vapi, Gujarat, India, 396195. 2.We,CNK&AssociatesLLP,CharteredAccountants,aretheStatutoryAuditoroftheCompany andhavebeenrequestedbytheManagementoftheCompanytoexamnetheaccompanying Statementshowing`SecurityCovefRatioaspefthetermsofPlacementMemorandumand/or Debenture Trust Deed' in respect of Its 1,03,000 Secured, Senior, Rated, Listed, Taxable, Redeemable,Non-ConverdbleDebentureshavingfacevalueof{1Lakheach,aggregatingto i 1,03,000 Lakhs (`NCDs) as at September 30, 2()26 ¢ereinafter the "Statement"). The StatementhasbeenpfeparedbytheCompanyfromtheBoardappfovedunauditedstandalone financial results, undedying books of account and other relevant records and documents maintalnedbytheCompanyasatandfoftheperlodendedSeptember30,2026pursuanttothe requlfements of the Regulation 54 read with Regulation 56(1)(d) of the SEBI ousting Obligatlons And Disclosure Requirements) Regulations, 2015 (as amended) and SEBI vide Master circular no. SEBI/HO/DDHS-PoD-1/P/CIR/2025/117 dated August 13, 2025 aiereinafter together referred to as the "SEBI Regulations and SEBI Master Circular"). The Statementhasbeeninitialledbyusforidentificationpuaposeonly. 3. The Certificate is required by the Company for the purpose of onward submission with Axis Trustee Services Iinted Gierelnaftef the "Debenture Trustee") of the Company to ensure compllancewithSEBIRegulationsandSEBIMa``terCircularinrespectofits1,03,000Secufed, Senior,Rated,histed,Taxable,Redeemable,Non-ConvertibleDebentufeshavingfacevalueof € 1 Lakh each, aggregating to { 1,03,000 Lakhs (`NCDs) as at September 30, 2026. The Company has entered into an agreement with the Debenture Trustee vide agreement dated T|^^^_L_.. ^,i A/\^r. . _ _--_ '`_-`.E>L\,\=LJ\. December29,2025inrespectofsuchNCDsqereinafterthe"DebentureTrustP€e Mistry Bhavan, 3rd Floor, Dinshaw Vachha Road, Churchgate, Mumba 400 020. Tel: +91 22 6623 060 501-502, Naraln chambers, M.G. Road, Vile parle a3), Mumbai 400 05 J. Tcl: +9122 6250 7600 , Website: www.cnkindia.com MUMBAI I CHENNAI I VADODARA I AHMEDABAD I GIFT CITY I GURUGFAM| BE N.GALURU I DELHI I PUNE I KOLKAl b' DHABI I SHAR]AH

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Management ' s Re sponsibiHty 4.TheprepafadonoftheStatementistheresponsibihtyoftheManagementoftheCompany including the preparation and maintenance of all accouning and other relevant supporfug records and documents. This responsibihty includes the design, implementation and maintenanceofinternalcontfolrelevanttothepfeparationandpresentationoftheStatement andapplyinganappropriatebasisofpreparation;andmakingestimatesthatarereasonablein the circumstances. 5. The Management is responsible for ensuchg adherence that the details in the Statement are correct. 6.TheManagementoftheCompanyisalsofesponsiblefofensuringthattheCompanycomplies withautherelevantrequirementsoftheSEBIRegulationsandSEBIMasterCifcularincluding providing au relevant infomation to the Company's Debenture Trustee as prescribed in the fespectiveDebentureTmstDeedenteredintobetweentheCompanyanditsDebentureTmstee in respect of its NCDs. Auditor's Responsibility 7. Pursuant to the requirements of the SEBI Regulations and SEBI Master Circular, it is our responsibility to provide a limited assurance and conclude as to whether the: i.BookvaluesofassetsasincludedintheColumns'C'and`F'ofAnnexure1totheStatement, areinagreementwiththeBoafdapprovedunauditedstandalonefinancialresults,underlgivg booksofaccountandotherfelevantfecordsanddocunentsmaintainedbytheCompany, as at September 30, 2026; and ii. Company has maintained the Security Cover as per the terms of the Placement Memorandunand/orDebentureTmstDeedasatSeptember30,2026. OurresponsibiHtydoesnotincludetheevaluationofadherencebytheCompanywithallthe applicable Regulations. 8. We have performed a hated review of the unaudited standalone financial results of the CompanyfortheperiodendedSeptember30,2026,preparedbytheCompanypursuanttothe requirements of Regulation 33 and Reguladon 52 of the SEBI Regulations and issued an unmodified conclusion vide our review repott dated October 26, 2026. Our review of those standalone fuancial results was conducted in accordance with the Standards on Review Engagements (SRE) 2410, "Review of Intern Financial Information Peffomed by the IndependentAuditofoftheEntity",issuedbythelnstituteofCharteredAccountantsoflndia (`ICAI).

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9. Our scope of work did not involve us perforing audit tests for the purpose of expressing an opinion on the fairness of accuracy of any of the financial information or the financial results of the Company taken as a whole. We have not performed an audit, the objective of which wouldbetheexpressionofanophiononthefroancialresults,§pecifiedelements,accountsof items thereof, for the purpose of this certificate. Accordingly, we do not express such an Opinion. 10. A hated assurance engagement includes perforing procedures to obtain sufficient appfopriateevidenceontheapplicablecriteriamentionedinpafagraph7above.Theprocedufes performedvaryinnatureandtimingfcom,andarelessextentthanfor,areasonableassufance. Consequently, the level of assurance obtained is substantially lower than the assurance that would have been obtained had a reasonable assurance engagement been performed. Accordingly, our procedures included the fouowing in relation to the Statement: a. Obtained the Board approved unaudited standa]one financial results of the Company for the period ended September 30, 2026; b. Traced the book value of assets and habihdes as given under Column `j' of ihaexure I of the Statement to the Board approved unaudited standalone froancial results, underlying booksofaccountandotherrelevantrecordsanddocunentsmaintainedbytheCompany as at September 30, 2026; c. Obtained and read the Debenture Tmst Deed and Placement Memorandum, and based on such documents noted the details regarding charge(s) and security cover ratio required to be maintained by the Company in respect of NCDs; d.ObtainedthehstofsecuritycreatedintheregisterofchargesmaintalnedbytheCompany and 'Form No. CHG-9' fled with Ministry of Corporate Affairs (MCA). Traced the value ofchargecreatedagalnstAssetstotheSecurityCoverintheattachedStatement; e. Traced and agreed the pincipal amount and the Interest thereon outstanding in respect of NCDs from the Statement to the Board approved unaudited standalone financial results, underlyingbooksofaccountandotherfelevantrecordsanddocumentsmaintainedbythe Company as at September 30, 2026; f. Obtained the fist and value of assets secured under the Debenture Tmst Deed and/of Placement Memorandum from the management and traced the total of such assets to Column `C' and `F' of Amexure I of the Statement. Management has represented that au such assets are part of the assets mentioned in the point (c) above and secured under the DebentureTrustDeed.Wehavefehedonsuchrepfesentationandhavenotperfomedany independent procedures in this regard. Traced the value of such assets to Column `C' and `F' of Annexure I of the Statement to the Board approved unaudited standalone financial results,underlgivgbooksofaccountandotherrelevantrecordsanddocunentsmaintained by the Company as at and for the period ended September 30, 2026;

Page 30

9. Obtained the list and value of assets placed under lien or encumbrance from the managementfofthepuxposeofobtaininganyotherloananddeterninedthatsuchassets arenotincludedinthecalculationofsecuritycovefinrespectofthisNCDs.Management hasrepfesentedthecompletenessofsuchassets,andwehavefeuedonthesameandnot performedanyindependentpfoceduresinthisregard.Tracedthevalueofsuchassetsto Column`D'ofAmexure1oftheStatement; h.Obtainedthelistandvalueofassetsnotsecuredfromthemanagement.Managementhas represented the completeness of such assets, and we have rehed on the same and not peffomedanyindependentpfoceduresinthisregard.Tracedthevalueofsuchassetsto Column`H'ofAmexure1oftheStatement; ObtainedtheristandvalueofDebtnotbackedbyanyassetsofferedassecurityfromthe management. Management has represented the completeness of such debts, and we have reliedonthesameandnotperformedanyindependentpfoceduresinthisregard.Traced thevalueofsuchdebtstoColumn`H1'ofAnnexure1oftheStatement; Tfacedthetotalof,otherdebtsecurides/facihiessecuredthroughassetsavailablefordebt securities/fachties,interestaccrued/payableonsuchsecureddebtsecurities/facihiesand IndASadjustmentsfortheeffectiveinterestrate(EIR)onallsecureddebtsecurities,tothe booksofaccountsandrecordsoftheCompanyasatandfoftheperiodendedSeptember 30, 2026. We have retied on management representation for the completeness of such amountsandhavenotperformedanyindependentproceduresinthisregard; k.Exaninedandverifiedthearithmeticalaccuracyofthecomputationofsecuritycoverratio @asedonbookvalues)mentionedintheaccompanyingStatement; I. Compared the security cover with the security cover fequred to be maintained as per PlacementMemorand`imand/ofDebentureTmstDeed; in. We have not performed any procedures on amounts given under Column `K' to Column `0' of Annexure I of the Statement; and n. Peffofmed necessary inquiries with the management and obtained necessary representations. 11.WeconductedourexamlnationoftheStatementinaccordancewiththe'GuidanceNoteon RepoftsofCerdficatesforSpecialPuaposes'issuedbytheICAI(the`GuidanceNote).The GuidanceNoterequiresthatwecomplywiththeethicalrequirementsoftheCodeofEthics issued by the ICAI. 12.WehavecomphedwiththerelevantapphcablerequirementsoftheStandardonQualityConttol (SQql, Quahty Control for Firms that Perform Audits and Reviews of Historical Financial Information,andOtherAssuranceandRelatedServicesEngagements.

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Conclusion 13.Basedonthepfocedurespefformedbyus,asrefeffedtoinpafagraph10above,readwithnotes given in the Statement and according to the information and explanations received and management representations obtained, nothing has come to our attention that causes us to bdieve that the: i.BookvaluesofassetsasincludedinColunn'C'and`F'ofAnnexure1totheStatementafe notinagreementwiththeBoafdapprovedunauditedstandalonefinancialresults,underlying booksofaccountandotherfelevantrecordsanddocunentsmaintainedbytheCompanyas at September 30, 2026; and h. Company has not maintained the Security Cover as per the terms of the Placement Memorandumand/orDebentureTmstDeedasatSeptember30,2026. Restriction on Use 14.TheCertificatehasbeenissuedatthefequestoftheCompany,solelyincounectionwiththe purposementionedinparagraph3aboveandtobesubmittedwiththeaccompanyingStatement totheDebentureTrusteeandStockExchangepursuanttothefequirementsoftheRegulations. Itisnottobeusedorfeferredtoanyotherpefsonoffofanyothefpurpose.Accordingly,we donotacceptorassuneanyliabdityoranydutyofcareforanyotherpurposeortoanyother persontowhomthiscerdficateisshownorintowho``ehandsitmaycomewithoutourprior consent in writing. We have no responsibhity to update this certificate for events and circumstancesoccuningafterthedateofthisceftificate. For C N K & Associates LLP Chartered Accountants Firm's Redstration No.: 101961W/W-100036 / Vijay Mehta Partner MembefshipNo.: 106533 ---I UDIN:26106533DHIQVT6124 Ref. No.: REF/CERT/VIP/263/2026-27 Place: Munbai Date: October 26, 2026

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lAV/ Av:J±oGplAS:,AA JV of Aegis Logistics Ltd & Royal Vopak Statement of Security Cover Ratio a§ at September 30, 2026 in respect of 1,03,000 Secured, Senior, Rated, Listed, Tax.able, Redeemable, Non - Convertible Debentures having face value of € 1 Lakh each (INE0INX07023) aggregating to € 1,03,000 Lakhs [NCD§'] Comphance with Security cover as per the terms of Placement Memorandum and/or Debenture Trust Deed in respect of NCDs (INE0INX07023) - Particulars ( A5 on SepteinL.er 30j 2026 ` txcyompliah'ce Met Secui.ity Cover Ratio (consohdated)* Tangible moveable fixed Yes Mnimum 1.30 tines] assets, present` at ldrndlaandPipavavPorts(LPGternrinals)[ReferAnnexure1] *Af Per P/acemerit Memorandum and/ or Debentttre TrttJt Deed, cl firSt and exc/ujive charge existj over "A// the tangible moveable fixed aSsetj (inchding ftorag/e tanha), Pment, Of the Borrower at Kandla and Pif]auav Porfu a:PG terminals)". These af self are duly riflected in the Comf)any'J Bodrd ap|)rolled unaMdited J[anda/one finandal reJultJ and underlying hoohi Of account, and accordingbi, the Security Cover Ratio if complied with on lbiS hasif. Notes: A. The above stateinent ls prepared for sublnlsslon to Axis Trustee Services Limited put.suant to requii.ements of Regulation 54 read with Regulation 56(1 ) (d) of Securides and Exchange Board of India a.istlng Obligations and Disclosure Requiremi`nts) Regulatlons, 2015 (as amended) and SEBI Master Circuhr dated August 13, 2025 oil Revised format of security cover cel.tlflcate, monitoring and revision in timelmes. 8. \Ve confirm that assets included as part of Tangrble mt]vable fixed assets (including storage tflnks) in Aiinexure I are part of Tangible moveable fixed flssets, present, at Kandla and Plpavav Ports (LI'G termmals) and secured zigalnst the NCDs as per the Placement Memorandum and/or Debenture Trust Deed. C. We confirm that there are no other borrowings/debts taken by the Company other than mentioned in Annexure I which has any type of charge on the. Tangible moveable fixed assets, present,.at Kandla and Pipavav Ports q,PG terminals). D. \Ve con finn that "Other debt sharing pari-passu charge with above debt" includes Interest accrued but not due on secured debt securities/facilitie` (other than debt securities to which this certificate pertains) and Ind AS adjustments relating to the effective interest rate on all secured debt securi[ies (including debt securides [o which [his certificate pertains). £°KFPM?r::L°o¥:2pET?#M::E:¥r:aEu:+::::I:]ry'TED|:;:'o::a;¥::¥;:i:]°:2pa::h:;i°::o:4ase:,I:,:d:::ocm;:::Boa:ta:6V6a6P:;;:::9®5b:I:S:V:a:esG,:Jva:::;ncd::

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/V/ Fv;JEof 3plFS;)AA JV of Aegis Logistics Ltd & Royal Vopak E. The Market value of assets (in column `K' ofAnnexure I) has been determined by independent valuers vide their reports dated June 30, 2022 (Kaiidla), June 30, 2022 ¢ipavav) and September 11, 2025 Q'ipavav) respectively and adjusted for subsequent additions and depreciation. F. `Other debt sharing pari-passu charge with above d(`bt' disclosed under Column `D' of Annexure I are seciii.ed agziins[ exclusive charges over cl`rtain other specified fixed assets (not part of the secul.ed assets for debts disclosed under C()lumn `C' of Annexure I) offered as secui.ity. Further, during the period ended September. 30, 2026, the Company, with the prior \vritten consent of the Dcbeiiture Trustee, extended tl`e cxistmg pari-passu charge over all cashflows, receivablcs, book debts, bank accounts, ctc. in favour of the new lender in connection with the secured Rupee Term Loan (RTL) availed by the Company. G. Cash and Cash Equlvfilcnts (forming part of the assets subject to the pall passu security arrangement in fa.Your of the Debenture Trustee and IIDf``C Bank I.mited) include fixed deposits aggregrting €15,750 Lakhs placed with HDFC Bank Limited. The entire amount of these flxed deposits are under an exclusive lien marked by LIDFC Bank Limited towards the proposed partial redemption of the debentures on the cnll option date of November 09, 2026, pursuant to the prepayment notlce submitted by the Compan}' to the Debenture Trustee. For Aegis Vopak Terminals Limited r---:----?---::- Manoj Sharma Chief Financial Officer Place: Mumbai Date: October 26, 2026 This is the Statement {`s referred to in our certificate RE['',/CERT/VLP/263/2026-27 of even date, signed for identification purpose only. For C P`T K & Associates LLP Chartered Accountants Vijay Mehta Partner Place: M`imbai Date: October 26, 2026 :oKFPMGd;cLoo:2:2ppaT?#MF::::T,:aEu;T::::i:'ry'TED|:;:'o;:.:::::?6:;i;:2p;:,:h:;:o::.::asek:,I:,:d:::oC-i:::Boa:ta66V6a6P:;;9::9o5b:,:s:=a:::,:I::::;nod::

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lAVI Av:J=oGplNsy{A JV of Aegis Logistics L`d, & Ftoyal Vopak a.at= §8'iiaA3!5Ja: iRTREffasffas§= xffi t £i 8!.€. 8= a..fj 8-51 `rir.-=+ i€¢•jS AIREjser,-+\ ---++++J t+g+iife ^se£&¥gi^"#^=€y¥:^ryygA{. §9}± `asii ++,±9++ i=;1 a£ - gT'rg;i ?£,#?Sr^R** ``rfe ig .3 ae,ii aa€ -fasx'g9 +36 y :%;S#`¥;:s#* sese!%%±~€~%;{3.*"wr;ssh"se;k}S ^a}=ys%;a \J\`x¥.gg£\+¥g?~=\Si!i`3a;%€*QQl: yr58\+&€urS*3¥,se`i:\ {=s{s&£¥Li¥:=L=s=drar¥.g{*vfh•,f-i:„3J,;-;Sg(a-:-¥ras;*J}i %§yi¥S ''.a:i=maT:€S£VS\82;a.:=¥*<=: - -a?~^€73tTt\+•gs`%x&S x Lv`g:;}pL:=rii aa¥: aS #a,*1a•.acT `Xi`i~.::*S.xri,!:'`se:SS'S£%cfs:.is¥ f y%.iifdrif :cSyFmd, %%S'f ;S J!,A/i i i ; SEyes9€;93-€3S^? iii ?. a5.S %`§ e8. 8B- 5 8;5 aa a6 5 g'E= ®. 'S ri a ^! A: :~y:€.:.I `^^€S:` :^52y{iyzxu.asT,.=¥ .::y*:34.y`fj%:,^;£*Lfx*.rvAW#`f8;;y £^\.^ay¥;,:«~(*33fLS^,^¥-;¥`*:`.`„:A:):¥:¥v:;F ^§, ¥-+X¥yl`-+€*€ ":`:Ir£:„`i-,x^.`§€g€va3y:xa;I::s:99£^s^ i3ia yxeeS~fet*.\`€yRE:,¥=S,('S?A-,*Ja;! -- . ; € # . . - , yB:£ E .y¢5+y :'\xt ,;,r `^x:: i : A: y>b.^': AmF;`cch¥L`3J:^¥¥^\.--=`y(yA:*2\^-~\y^3 £s.xjs ®i 7;+ ly i= 5±a i S=a. A - un ;€€^ •i -j;Ii%B!`=3i :iJzz,x sei 3fq§=?^>>y)€se=&.ay-:bf*S8 8= a i9.* 8;Tt €3i.81i !` i!!€?y +iB £ 3 € ig \\+\\E:3¥ S;iI .1-:-J 8:aS . +`! Q1 `£a a3: 8§€ I iy fs8j8+i; 9.xgrngXas Z`fTj±fj8 :•!± i-i% :§Sywhe::~±K:v;;;:;^::;;/;;\';I:x;::;t:'x§§^ £J!x:i,^§3+ing ;;i^\+£i¥+ i i:ij: i 8¥ i g! ia%:i:i!jg i 3ii 5I-E.5i :ii!±5ia?i E - - nd `TTTT T +a1Itt2 i i i j!E ;OKFPM;%oY2?2ppaT?:i;ME:::::,:aEuf:i::::I:'ry'TED|:;:'o::a::::6:;:;o:2pa:,:h:;:o::o:4:ek:,I:,:,d:::oC-::::Boa;ta6'6V6a6P:;;::;9.5b:I:s:=a:a:,:Jva:::;ned::

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/V/ Av;vF=oGp\Fsy<A JV of Aegis Logistics Ltd. & F`oyal Vopak £i-i}ai:ua£iia -mgFS*£asavS£E7>,,^3¥t,!Kfg., gL4€Y?-5 + +ii i a-i s7`as- ie?35ii!€i+ *z€il\5 a£yli jl,.:L,±`^gi++iSi7 ^¥>j,% *`1%y,~{¢gsee€~seF,§ ..`s€-3E&£:a,€r``urYs3*,%?X~S%J3g§j"i y-SSi §*i¥`)?:Sciife =yi,*S~.=r.a-.-~:I:-^Sy;:v3 i-;r?i:i -;1;as(S`=(i,-Q`5r^?LJ%`es5-ffixp i¥?Tia:?±r,!fi8asLy --2;?s2a:aSTYY:`Y=vy^yir\»-e` * e,,``i(aglx(,a:S8;¥J-A?i•a;.::X`^:`3 \\++\a`§i>,tE &ur.£Xsse`,38i\+*`^3 )`Jg.<,A;8&=Jxp_- \+ii5 ''! i ,-:rff S;g(;£S#K ;*7,-;spa%?g- 3 a ¥,a a k,I-§ifro a-9 el, aa '§,§ i:i`73x,?\\+€8 t<(S6,i&i^:yy,yxA ®^S.J ?a = rjx8sA!esiTj €jlr=f;`8, ;yy? ?-:;::/,-:;I.aSis/(2?'^^Y:"A):,=\;4a:CL¥:`^ry`yr^¥X) ^5-i-X&!~zxyL.a•% ¥+t`;iT=5. = 9:i = I co y` (yK,?.LT- ±+a •if^::gx,ij?;`gi-•`¢z, .;seS3gy,9:;:-;•S(i~seT,Tan JxyxJg;3:,se yi yy,yy`cyy;>:{`:x`rr:,:::v:x4*:`:;;,*>^ ^8`~;\5:^¥x:;~*€¥¥„ in ¥ :{Sse`;gi-* i! Tinasf;y9l * i:i !*E&ygi:`=-T i;i^- S 8Sis+ a . - - 93 8- 9! j!a£ a`!y g:iSv;?1€£i I ::€j!-g Ca-g`8 A,A ¥/¥\? B^:f^:`F:s=:: Y) : ¥S `c \^ a A .o*Y)\" SL`\. ;(A;-:.3:Sam Ij-8 rr i ex #6I;li;*frl¥g?( ^`^i~i--£5 . ?S •F •E !=3 I; :5;\:*rzy::2:;~c`3a:3<^;z::^t*sg+¥^z 9§ jj - 6}`:i try--€,(rsJ',Kd.`\#fu`Xr^x3?,(*++•`*-'J?`=-ms§* *2j;if y,3:"ae-S*+^^J```red;S` XPR+-i ``. 5*=J+\ 't8i: ti;i £F3 5j 5I; ia : iJ5i =gg\+: £!a iiiji !E --&-.:i:iSsea- `` ` " i ---^-`\.c^- `gi\ 3D:iAgi\355* ; sS(y8nyxp» - eE a g& £€ aeexng*s ixp Irs#gfSgr/§§;,;r.£ :€ a- i: uI+3.i es A,fy`=,].:!y;;:S:a;..£- t;t€§*S;ftv;§£F;f:v;;::;^^:Srf #€ !i!^t`` y; ,\ y A;rs,A;OvsyAs{^<^,y.y<^.yg^^T~~~yx{ya?*•:S;?:::,?§S::;,'x,,.::;:,:,:- t.J ;i¥ #„,,,,~i,y,,, y;rs`x*S£:-i:€£:}€.x3r 5€ Eii ;°K:MGi;CL°o¥:2ppaT?#fwTM::::¥r:aE?+::::I:'ry]TED|:;:i:o;:a;6:¥;:::E::2p::;h:;a::o:::e:,I:,:d:::ocm;:::Roa2S:a66V6a6P::9:;9o5b:]'ts::a:e:,:Uva::::ned::

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