Aegis Vopak Terminals Limited has announced a strategic move to expand its presence in the storage and terminalling sector. The company's Board of Directors has approved the acquisition of a 96% equity stake in Aegis Terminal (Pipavav) Limited (ATPL), a step that could potentially strengthen its position in the oil, chemicals, and petroleum products storage industry.

Key Details of the Acquisition

About the Target Company

ATPL, incorporated on May 28, 2013, under the Companies Act, 2013, is positioned in the storage and terminalling facilities sector for oil, chemicals, and petroleum products. However, it's important to note that ATPL has not yet commenced commercial operations and consequently reports nil turnover.

Strategic Implications

The acquisition aims to support potential business activities for Aegis Vopak Terminals Limited. Upon completion of the transaction, ATPL will become a subsidiary of Aegis Vopak Terminals Limited, potentially expanding the company's operational capabilities in the storage and terminalling sector.

Regulatory Aspects

The company has confirmed that no governmental or regulatory approvals are required for this acquisition. The transaction has been structured as a related party transaction, conducted on an arm's length basis, adhering to regulatory standards.

Looking Ahead

While the immediate financial impact may be limited due to ATPL's pre-operational status, this move could be seen as a strategic positioning by Aegis Vopak Terminals Limited in anticipation of future market demands in the oil, chemicals, and petroleum products storage sector.

Investors and market watchers may want to keep an eye on how Aegis Vopak Terminals Limited integrates this acquisition into its broader business strategy and any subsequent developments in bringing ATPL's facilities into operation.

Aegis Vopak Terminals Limited , a key player in the Indian terminal and storage industry, has announced significant changes to its board composition and a major fundraising initiative through Non-Convertible Debentures (NCDs).

Board Changes

The company's Board of Directors has approved the appointment of Mr. Wimal Roy Shylindra Kumar Samlal as an Additional Non-Executive Non-Independent Director, effective October 16, 2025. Mr. Samlal brings a wealth of experience to the role, with over 28 years in the financial sector. He currently serves as the senior vice president – Finance, Asia and Middle East at Vopak Asia Pte Ltd, Singapore.

Mr. Samlal's appointment is subject to shareholder approval. His diverse background includes:

• A bachelor's degree in medicine from the University of Utrecht Faculty of Medicine
• A master's degree in business informatics from Erasmus University, Rotterdam
• Previous roles with Vopak in China, North America, Rotterdam, and India

Simultaneously, Mr. Deepak Gajanan Dalvi has resigned from his position as Non-Executive Non-Independent Director, citing pre-occupation as the reason for his departure.

NCD Issuance Approval

In a move to strengthen its financial position, Aegis Vopak Terminals' Board has approved raising funds up to Rs 660 crore through the issuance of Non-Convertible Debentures (NCDs) via private placement. The key details of the NCD issuance are as follows:

The NCDs will include put and call options exercisable 12 months from the date of allotment and annually thereafter. This feature provides flexibility for both the company and the investors.

This fundraising initiative through NCDs may be aimed at supporting the company's growth plans or refinancing existing debt. The interest rate of 6.92% suggests confidence in the company's financial stability and future prospects.

Aegis Vopak Terminals Limited continues to demonstrate its commitment to strategic growth and financial management with these corporate actions. The appointment of Mr. Samlal may bring fresh perspectives to the board, while the NCD issuance could provide the company with capital for its upcoming projects or operational needs.