Aegis Vopak Terminals Board Approves ₹1,030 Crore NCD Issuance

Mumbai, 5 January 2026: Aegis Vopak Terminals Ltd (CIN: L63030GJ2013PLC075304; NSE: AEGISVOPAK; BSE: 544407) cleared a plan to raise a sum of Rs. 1,030 Crore through non-convertible debentures (NCDs). The decision was taken in a board meeting on 4 December 2025.

Issue Structure and Listing Plan

The plan covers up to 1,03,000 secured, senior, rated and redeemable NCDs. Each debenture bears a face value of Rs 1 lakh, making the total amount Rs 1,030 crores. The NCDs are proposed to be listed on the NSE. The date for allotment is yet to be fixed.

Coupon and Redemption Terms

The coupon rate is fixed at 7.20 per cent per annum. The first coupon reset is scheduled at the 1-year 1-day mark, counted on the deemed date of allotment, and later resets are annual. Principal repayment is in the form of a bullet repayment at maturity. Maturity is set at three years, counted on the deemed date of allotment.

The NCD terms include put and call options as well. Both are scheduled at the end of 1 year 1 day and at the 24-month mark, counted on the deemed date of allotment.

Security Package Linked to LPG Terminals

The NCDs are secured against assets associated with the Kandla and Pipavav LPG terminals. The security also includes company cashflows and receivables, and book debts and bank accounts, on an equal basis with existing lenders.

Payment delay on interest or redemption attracts an additional 2 per cent per annum over the coupon rate till the dues are cleared.

Stock Performance

At 2:43 pm IST on 5 January 2026, Aegis Vopak Terminals share price was at Rs. 244.95 on the NSE, down 1.56 per cent. The market capitalisation was about Rs. 27,572 crores.

Reference

• https://www.bseindia.com/stock-share-price/aegis-vopak-terminals-ltd/aegisvopak/544407/corp-announcements/
• https://m.bseindia.com/StockReach.aspx?scripcd=544407

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