Aegis Vopak Terminals Limited has announced that its Board of Directors has approved a proposal to raise up to ₹1,030 crore through the issuance of Non-Convertible Debentures (NCDs) on a private placement basis. This decision was made at a board meeting held on December 4, 2025. The funds will be raised to support the company’s growth and expansion plans.
NCD Issuance Approved
The Board of Directors of Aegis Vopak Terminals Limited has approved the raising of funds through the issuance of Non-Convertible Debentures (NCDs) for an amount up to ₹1,030,00,00,000 (Rupees One Thousand and Thirty Crores only). The approval was granted during the board meeting held on Thursday, December 04, 2025. The NCDs will be issued on a private placement basis.
Details of the NCD Issuance
The NCDs are proposed to be listed on the NSE Limited. The tenure of the instrument is 3 years from the Deemed Date of Allotment. The coupon rate is 7.20% per annum. The first coupon reset is at 1 year 1 day from the deemed date of allotment, and payment will occur at annual intervals. Principal will be paid as a bullet payment at maturity.
Security and Options
The NCDs will have a first ranking charge over all the tangible moveable fixed assets of the Issuer relating to Kandla and Pipavav LPG terminals and also a first ranking pari passu charge over all the cashflows, receivables, book debt, bank accounts etc. present and future of the Issuer. Put option is available at the end of 1 year 1 day and 24 months, respectively from, the deemed date of allotment. A Call Option is available at the end of 1 year 1 day and 24 months, respectively from the deemed date of allotment.
Redemption
Bullet redemption will occur at maturity, 3 years from the Deemed Date of Allotment. If there is a default, additional interest of 2% p.a. over the Coupon Rate will be payable by the Issuer for the period of default.
Source: BSE