Aegis Vopak Terminals Limited has appointed Mr. Wimal Roy Shylindra Kumar Samlal as an Additional (Non-Executive Non-Independent) Director, effective October 16, 2025, subject to shareholder approval. Mr. Deepak Gajanan Dalvi resigned from his position. The board also approved raising up to ₹660 crore through Non-Convertible Debentures (NCDs) on a private placement basis.
Leadership Changes
Aegis Vopak Terminals Limited announced the appointment of Mr. Wimal Roy Shylindra Kumar Samlal as an Additional (Non-Executive Non-Independent) Director. The appointment is effective from October 16, 2025, and is subject to shareholder approval. The Nomination and Remuneration Committee recommended his appointment.
The company also announced the resignation of Mr. Deepak Gajanan Dalvi from the position of Non-Executive Non-Independent Director, effective October 16, 2025, due to pre-occupation.
Fundraising Approval
The Board of Directors has approved raising funds through the issuance of Non-Convertible Debentures (NCDs) for an amount up to ₹660,00,00,000 (Rupees Six Hundred Sixty Crores only) on a Private Placement basis. The NCDs are proposed to be listed on NSE Limited and will have a tenure of 3 years from the deemed date of allotment.
The NCDs offer a coupon rate of 6.92% per annum, with coupon payments scheduled quarterly and principal repayment as a bullet payment at maturity. The debentures will be secured by a first-ranking charge on tangible moveable fixed assets at Mangalore Port and over cashflows and receivables.
There are put and call options available, exercisable 12 months from the date of allotment and every year thereafter.
Source: BSE
