Aegis Vopak Terminals Limited has announced that its Board of Directors approved raising funds up to ₹1030 crore through the issuance of Non-Convertible Debentures (NCDs) on a private placement basis. The decision was made during the board meeting held on December 04, 2025. These funds will support the company’s growth initiatives.
Fund Raising Approval
The Board of Directors of Aegis Vopak Terminals Limited has approved the proposal to raise funds through the issuance of Non-Convertible Debentures (NCDs). The approval was granted during the board meeting held on Thursday, December 04, 2025.
Details of NCD Issuance
The company plans to raise up to ₹1030,00,00,000 (Rupees One Thousand and Thirty Crores only) via NCDs. These NCDs will be issued on a private placement basis. The NCDs are proposed to be listed on NSE Limited. The tenure of the instrument is 3 years from the Deemed Date of Allotment with a coupon rate of 7.20% per annum.
Charge and Security
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 a First ranking pari passu charge over all the cashflows, receivables, book debt, bank accounts etc. present and future of the Issuer.
Put and Call Options
The instrument includes Put Option at the end of 1 year 1 day and 24 months respectively from the deemed date of allotment and Call Option at the end of 1 year 1 day and 24 months respectively from the deemed date of allotment.
Redemption Details
The debentures will be redeemed at maturity, which is 3 years from the Deemed Date of Allotment. Additional interest of 2% p.a. over the Coupon Rate will be payable by the Issuer in case of default in payment of interest and/or Redemption Amount on due dates.
Source: BSE