Aegis Vopak Terminals

Aegis Vopak Terminals Limited's Board approved the appointment of Mr. Wimal Roy Shylindra Kumar Samlal as Additional Non-Executive Non-Independent Director, effective October 16, 2025. The newly appointed director holds degrees in medicine and business informatics with over 28 years of financial sector experience, currently serving as senior vice president – Finance, Asia and Middle East at Vopak Asia Pte Ltd, Singapore. Simultaneously, Mr. Deepak Gajanan Dalvi resigned from his position as Non-Executive Non-Independent Director due to pre-occupation. The Board also approved raising funds up to Rs 660 crores through Non-Convertible Debentures via private placement. The NCDs will have a face value of Rs 1 lakh each, offering 6.92% annual interest with quarterly coupon payments and bullet principal repayment. The debentures will mature 3 years from allotment date and are proposed to be listed on NSE Limited. The NCDs include put and call options exercisable 12 months from allotment and annually thereafter, with first ranking charge on the company's tangible moveable fixed assets at Mangalore Port and cashflows.

Aegis Vopak Terminals has scheduled a board meeting for October 16 to discuss fundraising through debentures. The meeting will focus on potential debt financing options for the company.

Aegis Vopak Terminals Limited reported quarterly revenue of INR164 crores, up 4.5% sequentially. The company added two cryogenic LPG storage terminals - one at New Mangalore Port with 82,000 metric tons capacity and another at Pipavav Port with 48,000 metric tons capacity, increasing total LPG storage from 70,800 to 200,800 metric tons. Operating EBITDA reached INR119.9 crores, up 3.1% sequentially. The company utilized IPO proceeds to fully repay bank borrowings of approximately INR2,016 crores, resulting in a 37% reduction in interest costs. Profit grew 85.1% year-on-year to INR47.7 crores. The board approved INR1,675 crores capex for new terminals at JNPA port. The company targets $5 billion aggregate capex by 2030 and signed a non-binding MOU with L&T for ammonia terminals at Kandla. Revenue from new terminals will begin accruing from Q2 FY26.