AEGIS VOPAK has appointed Mr. Wimal Roy Shylindra Kumar Samlal as an Additional (Non-Executive, Non-Independent) Director, effective October 16, 2025, pending shareholder approval. Mr. Deepak Gajanan Dalvi has resigned from the board. The company also plans to raise up to ₹660,00,00,000 through Non-Convertible Debentures (NCDs) via private placement.
Board Changes
Mr. Wimal Roy Shylindra Kumar Samlal (DIN: 03639027) has been appointed as an Additional (Non-Executive and Non-Independent) Director, effective October 16, 2025, subject to shareholder approval. Prior to this appointment, Mr. Deepak Gajanan Dalvi (DIN: 07232377) resigned from his position as a Non-Executive Non-Independent Director, also effective October 16, 2025, citing pre-occupation.
The Nomination and Remuneration Committee recommended Mr. Samlal’s appointment. He brings extensive experience in financial activities, having previously worked with Vopak in various senior roles across Asia and the Americas.
Fundraising via NCDs
The Board approved raising funds up to ₹660,00,00,000 (Rupees Six Hundred Sixty Crores) through the issuance of Non-Convertible Debentures (NCDs) on a private placement basis.
NCD Details
The company intends to issue 66,000 Secured, Senior, Rated, Listed, Redeemable Non-Convertible Debentures with a face value of ₹1,00,000 each. The NCDs are proposed to be listed on NSE Limited. They carry a coupon rate of 6.92% per annum, paid quarterly. The maturity date is 3 years from the Deemed Date of Allotment. Security will include a first ranking charge on tangible moveable fixed assets at Mangalore Port.
The NCDs include put and call options exercisable 12 months from the allotment date and every year thereafter. Bullet redemption will occur at maturity (3 years), with a potential additional interest of 2% p.a. applicable upon default. First ranking charge on the tangible moveable fixed assets of the Company at Mangalore Port, and a first ranking charge over cashflows, receivables, book debt, bank accounts etc. present and future of the Company
Source: BSE
