Aegis Vopak Terminals Limited has received shareholder approval for amendments to its Articles of Association (AOA). The changes, approved via postal ballot, pertain to director nomination rights for key investors. With the approval secured on October 6, 2025, the company is set to implement these changes, further refining its governance structure.
Shareholder Approval for AOA Amendments
Aegis Vopak Terminals Limited announced that shareholders have approved the alteration of the Articles of Association (AOA) via postal ballot. The approval was granted with a special majority as of October 6, 2025.
Key Amendments Details
The core of the amendments focuses on director nomination rights. Specifically, as long as Aegis Logistics Limited and Vopak India B.V. hold 26% or more of the share capital on a fully diluted basis, they have the right to nominate up to two directors to the Board. This right includes the ability to remove or replace nominated directors.
Chairperson Appointment
Another key amendment ensures that the Chairperson of the Board will always be among the nominated directors of Aegis. Furthermore, the nominated directors of Aegis retain the right to appoint any director of the company as the Chairperson.
Voting Results Summary
The resolution for these changes was approved through a postal ballot process. Of the total votes cast, 1058261068 were in favor, representing 99.30%. 7483889 votes were against the resolution, accounting for 0.70%. This indicates a strong shareholder consensus in favor of the amendments.
Source: BSE
