Aegis Vopak Terminals Limited has informed the Exchange regarding Outcome of Board Meeting held on January 05, 2026.
AEGISVOPAK · price
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Aegis Vopak Terminals' board, at its meeting on January 5, 2026, approved the allotment of 1,03,000 secured, listed, redeemable non-convertible debentures (NCDs) of Rs 1,00,000 each, totalling Rs 1,030 crore, on a private placement basis. The NCDs carry a coupon of 7.40% per annum, paid annually, with bullet principal repayment at maturity in 3 years (January 5, 2029). The issue is secured by a first-ranking charge on the company's Kandla and Pipavav LPG terminal assets, along with a pari passu charge on cash flows and receivables. Put and call options are available after 1 and 2 years, and the NCDs will be listed on NSE.
The Rs 1,030 crore debt raise strengthens the company's funding position for LPG terminal expansion or refinancing, but adds Rs 76 crore in annual interest outflow. The coupon of 7.40% is competitive and the security cover on terminal assets makes this a relatively safe borrowing — neutral to mildly positive for existing shareholders, with no equity dilution.