Aegis Vopak Terminals Appoints New Director, Approves Rs 660 Crore NCD Issuance

2 min read     Updated on 16 Oct 2025, 06:31 PM
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Reviewed by
Suketu GalaScanX News Team
Overview

Aegis Vopak Terminals Limited has appointed Mr. Wimal Roy Shylindra Kumar Samlal as Additional Non-Executive Non-Independent Director, effective October 16, 2025, subject to shareholder approval. Mr. Deepak Gajanan Dalvi has resigned as Non-Executive Non-Independent Director. The company's Board has approved raising up to Rs 660 crore through Non-Convertible Debentures (NCDs) via private placement. The NCDs will have a face value of Rs 1 lakh each, 6.92% annual interest rate paid quarterly, and a 3-year maturity with bullet repayment. The NCDs will be secured by assets at Mangalore Port and proposed to be listed on NSE Limited.

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*this image is generated using AI for illustrative purposes only.

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:

Parameter Details
Issue Size Up to Rs 660 crore
Face Value Rs 1 lakh per NCD
Number of NCDs 66,000
Interest Rate 6.92% per annum
Interest Payment Quarterly
Principal Repayment Bullet payment at maturity
Maturity 3 years from the date of allotment
Listing Proposed on NSE Limited
Security First ranking charge on tangible moveable fixed assets at Mangalore Port and cashflows

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.

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Aegis Vopak Terminals to Consider Debenture Issuance for Fundraising

1 min read     Updated on 13 Oct 2025, 06:51 PM
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Reviewed by
Shriram ShekharScanX News Team
Overview

Aegis Vopak Terminals Limited (AVTL) has scheduled a board meeting for October 16, 2025, to discuss potential fundraising through non-convertible debentures (NCDs) via private placement. The company has closed its trading window for directors and designated persons from October 1, 2025, until 48 hours after the declaration of unaudited financial results. AVTL has notified both NSE and BSE about the meeting, complying with SEBI regulations.

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*this image is generated using AI for illustrative purposes only.

Aegis Vopak Terminals Limited (AVTL) has announced a crucial board meeting scheduled for October 16, 2025, to discuss potential fundraising through the issuance of non-convertible debentures (NCDs) on a private placement basis. This move signals the company's intent to explore debt financing options to support its operations or expansion plans.

Key Details of the Board Meeting

  • Date: October 16, 2025 (Thursday)
  • Primary Agenda: Consider proposal for fund raising via NCDs
  • Method of Issuance: Private placement

Regulatory Compliance and Transparency

In adherence to regulatory requirements, AVTL has taken the following steps:

  1. Trading Window Closure: The company has closed the trading window for its directors and designated persons from October 1, 2025. This closure will extend until 48 hours after the declaration of unaudited financial results.

  2. Stock Exchange Notifications: AVTL has duly informed both the National Stock Exchange of India (NSE) and BSE Limited about the upcoming board meeting, complying with Regulation 29 of the SEBI Listing Obligations and Disclosure Requirements.

Market Implications

The decision to consider NCD issuance comes at a time when companies are actively seeking diverse funding avenues. Non-convertible debentures offer a fixed-income security option that could potentially provide AVTL with the necessary capital without diluting existing shareholder equity.

Investors and market watchers will be keenly awaiting the outcome of this board meeting, as it could significantly impact the company's financial structure and future growth strategies.

The company has assured that further details regarding the unaudited financial results will be communicated separately, maintaining transparency with its stakeholders.

For more information, stakeholders can visit the company's official website at www.aegisvopak.com , where this communication has been made available.

Historical Stock Returns for Aegis Vopak Terminals

1 Day5 Days1 Month6 Months1 Year5 Years
-3.25%+1.07%+14.58%+15.56%+15.56%+15.56%
Aegis Vopak Terminals
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