The Board of Directors at Aegis Vopak Terminals Limited has approved the allotment of 1,03,000 Redeemable, Senior, Rated, Listed, Secured, Taxable Non-Convertible Debentures, each with a face value of ₹1,00,000. This issuance aggregates to a total of ₹1030 Crore and will be executed on a Private Placement basis. The decision was made at a board meeting held on January 05, 2026.
Debenture Issuance Approved
Aegis Vopak Terminals Limited announced that its Board of Directors has approved the allotment of Non-Convertible Debentures (NCDs) totaling ₹1030 Crore. The decision was finalized during the board meeting on January 05, 2026.
Details of the NCDs
The company will issue 1,03,000 Redeemable, Senior, Rated, Listed, Secured, Taxable Non-Convertible Debentures. Each debenture has a face value of ₹1,00,000. The aggregate amount for this issuance is ₹1030,00,00,000 (One Thousand and Thirty Crores Indian Rupees). These NCDs are planned for issuance through private placement. The NCDs are proposed to be listed on NSE Limited.
Key Dates and Terms
The date of allotment for these debentures is January 05, 2026, and they will mature on January 05, 2029, with a maturity tenure of 3 years. The coupon rate is fixed at 7.40% per annum, payable annually. Principal will be repaid in bullet payment. The coupon payments are scheduled for January 6, 2027, January 5, 2028, and January 5, 2029, with the principal repayment also due on January 5, 2029.
Security and Charges
The debentures are secured by a first-ranking charge over the tangible moveable fixed assets of the Issuer relating to Kandla LPG Terminal and Pipavav LPG terminal. Additionally, there’s a first ranking pari passu charge over cashflows, receivables, book debts and bank accounts, to be shared with existing charge holders.
Put and Call Options
The NCDs feature both put and call options, exercisable on January 6, 2027 and January 5, 2028.
Source: BSE
