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 updates to its Non-Convertible Debentures (NCD) issuance along with recent board changes and fundraising initiatives.

Updated NCD Issuance Details

The company's Board of Directors approved a modification in the coupon rate for its NCD issuance on December 26, 2025. This update follows the earlier approval granted on December 04, 2025, for raising funds through NCDs on a private placement basis.

All other terms and conditions mentioned in the earlier disclosure dated December 04, 2025, remain unchanged. The modification reflects the company's response to market conditions and investor requirements.

Board Composition Changes

The company has made strategic changes to its board composition with the appointment of Mr. Wimal Roy Shylindra Kumar Samlal as Additional Non-Executive Non-Independent Director, effective October 16, 2025. Mr. Samlal brings over 28 years of financial sector experience and currently serves 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, citing pre-occupation as the reason for departure.

Previous NCD Framework

The company had earlier approved a separate NCD issuance of up to Rs 660.00 crore with different terms, including a 6.92% interest rate, quarterly interest payments, and 3-year maturity. That issuance featured first ranking charge on tangible moveable fixed assets at Mangalore Port and included put and call options exercisable 12 months from allotment.

These corporate actions demonstrate Aegis Vopak Terminals' commitment to strengthening its financial position and governance structure. The updated coupon rate for the larger NCD issuance indicates the company's adaptation to prevailing market conditions while maintaining its fundraising objectives.