Aegis Vopak Terminals Appoints New Director, Approves Rs 660 Crore NCD Issuance
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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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.
Historical Stock Returns for Aegis Vopak Terminals
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-3.25% | +1.07% | +14.58% | +15.56% | +15.56% | +15.56% |