Aegis Vopak Terminals MD, chairman and AGM
NSE: AEGISVOPAKBSE: 544407OilSmall Cap
Aegis Vopak Terminals Limited · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Jun 2025
Last close ₹220.95down ₹15.25 (6.46%)BSE ₹221.60
Share price at the NSE close on 30 Oct 2026. Previous close ₹236.20.
30 Oct: open ₹236.55, high ₹238.45, low ₹218.35
52-week range of traded prices to 30 Oct 2026
₹158.00Low, 30 Mar 2026₹320.95High, 21 Sep 2026
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹24,481 Cr318th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- Earlier quarters restated in the year
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 5.50
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.09%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 7.0%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.54
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 10,05,74954.0% delivered
Aegis Vopak Terminals' chairperson and managing director is Raj Kapurchand Chandaria, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 7 Aug 2026.
Aegis Vopak Terminals board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing directorRaj Kapurchand ChandariaRelated to the promoter
- Company Secretary and Compliance OfficerMs. Priyanka Vaidya
8 directors4 independent1 executive3 non-executive
- Raj Kapurchand Chandaria · Chairperson and managing directorExecutive · joined May 2013 · 2 listed boards · 5 committee seats
- Murad Mohammed Husein MoledinaNon-executive · joined May 2022 · 1 listed board
- Kanwaljit Singh Sudarshan NagpalIndependent · joined Oct 2024 · reappointed Oct 2024 · 23 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
- Raj Kishore SinghIndependent · joined Oct 2024 · reappointed Oct 2024 · 23 months as independent · 3 listed boards · 3 as independent · 6 committee seats, 3 as chair
- Wilfred Lim Swee GuanNon-executive · joined Dec 2022 · 1 listed board
- Lars Erik Mikael JohanssonIndependent · joined Feb 2025 · reappointed Feb 2025 · 19 months as independent · 2 listed boards · 2 as independent · 1 committee seat
- Wimal Roy Shylindra Kumar SamlalNon-executive · joined Oct 2025 · 1 listed board
- Uma MandavganeIndependent · joined Oct 2024 · reappointed Oct 2024 · 23 months as independent · 3 listed boards · 3 as independent · 4 committee seats, 1 as chair
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
1 director who left
- Deepak Gajanan Dalvi, left 16 Oct 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 8 Sep 20268 of 8 present4 independent · 33 days in between
- 5 Aug 20268 of 8 present4 independent · 68 days in between
- 28 May 20268 of 8 present4 independent
Audit Committee
Chair Raj Kishore Singh
Raj Kapurchand Chandaria, Lars Erik Mikael Johansson
- 5 Aug 20263 of 3 present2 independent · 68 days in between
- 28 May 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Raj Kishore Singh
Kanwaljit Singh Sudarshan Nagpal, Lars Erik Mikael Johansson
- 28 May 20262 of 3 present2 independent
Stakeholders Relationship Committee
Chair Kanwaljit Singh Sudarshan Nagpal
Raj Kapurchand Chandaria, Uma Mandavgane
No meeting listed in the filing.
Risk Management Committee
Chair Kanwaljit Singh Sudarshan Nagpal
Wilfred Lim Swee Guan, Rajiv Chohan
- 5 Aug 20261 of 3 present1 independent · 68 days in between
Corporate Social Responsibility Committee
Chair Raj Kapurchand Chandaria
Kanwaljit Singh Sudarshan Nagpal, Wimal Roy Shylindra Kumar Samlal
No meeting listed in the filing.
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Sep 2026.
- CNK and AssociatesPeer-review certificate valid to Jul 2027
1 earlier auditor
- CNK & AssociatesNamed in filings from Mar 2025 to Mar 2026
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Aegis Vopak Terminals AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Aegis Vopak Terminals dividend history
Annual general meeting, 7 Aug 2026
54,584 shareholders on the register on 31 Jul 2026; present: 2 promoters and 47 others; votes counted by Prasen Naithani / P. Naithani & Associates.
To consider and adopt the Audited Financial Statements of the Company (Standalone & Consolidated) for the financial year ended March 31, 2026 together with the reports of the Board of Directors and Auditors thereon.MoreLess
Ordinary99.71% for0.29% againstAgainst: promoters 0.00% · institutions 3.69% · other public 0.09%
Turnout: all 94.93% · promoters 100.00% · institutions 71.77% · other public 19.82%
- To declare Final dividend on equity shares @ 2% i.e. Rs. 0.2/- per equity share of the Company having face value of Rs. 10 each for the financial year 2025-26.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.09%
Turnout: all 94.93% · promoters 100.00% · institutions 71.77% · other public 19.82%
- To appoint a Director in place of Mr. Murad Mohammed Husein Moledina (DIN: 09537509), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.Ordinary99.42% for0.58% against
Against: promoters 0.00% · institutions 7.42% · other public 0.11%
Turnout: all 94.93% · promoters 100.00% · institutions 71.77% · other public 19.82%
- To approve the material related party transaction(s) proposed to be entered with Aegis Logistics Limited, its Promoter.OrdinaryPromoters have an interest in it99.58% for0.42% against
Against: promoters 0.00% · institutions 0.36% · other public 11.57%
Turnout: all 7.51% · promoters 0.00% · institutions 71.77% · other public 1.37%
- To approve the material related party transaction(s) proposed to be entered into with Aegis Gas (LPG) Private Limited (“AGPL”), fellow subsidiary of the Company.OrdinaryPromoters have an interest in it99.58% for0.42% against
Against: promoters 0.00% · institutions 0.36% · other public 11.57%
Turnout: all 7.51% · promoters 0.00% · institutions 71.77% · other public 1.37%
- To approve the material related party transaction(s) proposed to be entered into with Sea Lord Containers Limited (“SCL”), fellow subsidiary of the Company.OrdinaryPromoters have an interest in it99.58% for0.42% against
Against: promoters 0.00% · institutions 0.36% · other public 11.54%
Turnout: all 7.51% · promoters 0.00% · institutions 71.77% · other public 1.37%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 30 Nov 2025, 3 resolutions
45,699 shareholders on the register on 30 Oct 2025; votes counted by Prasen Naithani / P. Naithani & Associates.
- Appointment of Mr. Wimal Roy Shylindra Kumar Samlal (DIN: 03639027) (Nominee Of Vopak India B.V) as Non-Executive Non-Independent Director of the Company.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.22%
Turnout: all 95.45% · promoters 100.00% · institutions 76.15% · other public 4.30%
- To approve the material related party transaction(s) proposed to be entered into by the Company with Aegis Gas (LPG) Private Limited.OrdinaryPromoters have an interest in it98.67% for1.33% against
Against: promoters 0.00% · institutions 1.33% · other public 1.86%
Turnout: all 8.44% · promoters 0.00% · institutions 76.15% · other public 0.35%
- To approve the material related party transaction(s) proposed to be entered into by the Company with Vopak India B.V.OrdinaryPromoters have an interest in it98.67% for1.33% against
Against: promoters 0.00% · institutions 1.33% · other public 2.15%
Turnout: all 8.44% · promoters 0.00% · institutions 76.15% · other public 0.35%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 3 Oct 2025, 1 resolution
49,156 shareholders on the register on 29 Aug 2025; votes counted by Prasen Naithani / P. Naithani & Associates.
APPROVAL OF THE ARTICLES OF ASSOCIATION OF THE COMPANY AND INSERTION OF CLAUSES PURSUANT TO REGULATION 31B OF SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015MoreLess
Special99.30% for0.70% againstAgainst: promoters 0.00% · institutions 7.71% · other public 0.03%
Turnout: all 96.19% · promoters 100.00% · institutions 77.94% · other public 27.06%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 14 Aug 2025, 3 resolutions
49,542 shareholders on the register on 7 Aug 2025; present: 2 promoters and 44 others; votes counted by Prasen Naithani / P. Naithani & Associates.The company's voting result
To consider and adopt the Audited Financial Statements of the Company (Standalone & Consolidated) for the financial year ended March 31, 2025 together with the reports of the Board of Directors and Auditors thereon.MoreLess
Ordinary99.85% for0.15% againstAgainst: promoters 0.00% · institutions 1.72% · other public 0.02%
Turnout: all 95.79% · promoters 100.00% · institutions 74.44% · other public 26.89%
- To appoint a Director in place of Mr. Wilfred Swee Guan Lim (DIN: 09790083), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.Ordinary99.35% for0.65% against
Against: promoters 0.00% · institutions 7.45% · other public 0.03%
Turnout: all 95.79% · promoters 100.00% · institutions 74.44% · other public 26.89%
- Appointment of M/s. Naithani & Shetty Associates, as a Secretarial Auditor of the Company for the first term of five years.Ordinary97.81% for2.19% against
Against: promoters 0.00% · institutions 26.20% · other public 0.08%
Turnout: all 95.41% · promoters 100.00% · institutions 71.10% · other public 26.88%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it
Mutual fund votes, meeting of 7 Aug 2026, 16 fund houses
To consider and adopt the Audited Financial Statements of the Company (Standalone & Consolidated) for the financial year ended March 31, 2026 together with the reports of the Board of Directors and Auditors thereon.MoreLess
16 for0 against- To declare Final dividend on equity shares @ 2% i.e. Rs. 0.2/- per equity share of the Company having face value of Rs. 10 each for the financial year 2025-26.16 for0 against
- To appoint a Director in place of Mr. Murad Mohammed Husein Moledina (DIN: 09537509), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.16 for0 against
- To approve the material related party transaction(s) proposed to be entered with Aegis Logistics Limited, its Promoter.
Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Kotak Mahindra Mutual Fund, Navi Mutual Fund, Zerodha Mutual Fund
- Angel One Mutual FundSEBI envisages an omnibus approval when a transaction cannot be supported with adequate details and such an approval cannot be valid for a period of more than one year. In the present case, the proposal lacks crucial details and is proposed for a period of 3 years. Hence, in order for the proposal to be compliant, additional disclosures are required. It is not clear whether ALL, AGPL and SCL, the related parties, will each develop and manage separate terminal projects or undertake different stages of development for the same terminal. Similarly, it is unclear as to on what basis it will be decided whether the acquired terminal assets will be housed at AVTL or any of its subsidiaries. Historical RPTs with ALL / AGPL / SCL reflects several operational, commercial and financing transactions. The proposal does not explain the nature of transactions to be covered with the respective parties and their respective consideration limits. Further, the basis of determining the pricing for the Related Party Transaction is not disclosed. Furthermore, the proposed transaction limits are substantial when compared to the financials of both the Company and certain related parties. There is no clarity on how the related parties propose to undertake and sustain transactions of the proposed magnitude and also, how the Company itself intends to finance or absorb acquisitions and transactions aggregating up to ₹ 15,000 crore during the approval period. Hence, there is lack of clarity on funding and execution of the proposed transactions. In an investor call, it is discussed that the capex at Aegis Logistics will be approx. $5 billion by FY 2030 which equates to approx. ₹48,000 crores and the proposed approval period too is valid until FY 2030. The Company should provide clarity regarding the consideration limit sought.
- Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundSEBI envisages an omnibus approval when a transaction cannot be supported with adequate details and such an approval cannot be valid for a period of more than one year. In the present case, the proposal lacks crucial details and is proposed for a period of 3 years. Hence, in order for the proposal to be compliant, additional disclosures are required. It is not clear whether ALL, AGPL and SCL, the related parties, will each develop and manage separate terminal projects or undertake different stages of development for the same terminal. Similarly, it is unclear as to on what basis it will be decided whether the acquired terminal assets will be housed at AVTL or any of its subsidiaries. Historical RPTs with ALL / AGPL / SCL reflects several operational, commercial and financing transactions. The proposal does not explain the nature of transactions to be covered with the respective parties and their respective consideration limits. Further, the basis of determining the pricing for the RPT is not disclosed. Furthermore, the proposed transaction limits are substantial when compared to the financials of both the Company and certain related parties. There is no clarity on how the related parties propose to undertake and sustain transactions of the proposed magnitude and also, how the Company itself intends to finance or absorb acquisitions and transactions aggregating up to ? 15,000 crore during the approval period. Hence, there is lack of clarity on funding and execution of the proposed transactions. In an investor call, it is discussed that the capex at Aegis Logistics will be approx. $5 billion by FY 2030 which equates to approx. ?48,000 crores and the proposed approval period too is valid until FY 2030. The Company should provide clarity regarding the consideration limit sought.
- Kotak Mahindra Mutual FundSEBI envisages an omnibus approval when a transaction cannot be supported with adequate details and such an approval cannot be valid for a period of more than one year. In the present case, the proposal lacks crucial details and is proposed for a period of 3 years. Hence, in order for the proposal to be compliant, additional disclosures are required. It is not clear whether ALL, AGPL and SCL, the related parties, will each develop and manage separate terminal projects or undertake different stages of development for the same terminal. Similarly, it is unclear as to on what basis it will be decided whether the acquired terminal assets will be housed at AVTL or any of its subsidiaries. Historical RPTs with ALL / AGPL / SCL reflects several operational, commercial and financing transactions. The proposal does not explain the nature of transactions to be covered with the respective parties and their respective consideration limits. Further, the basis of determining the pricing for the RPT is not disclosed. Furthermore, the proposed transaction limits are substantial when compared to the financials of both the Company and certain related parties. There is no clarity on how the related parties propose to undertake and sustain transactions of the proposed magnitude and also, how the Company itself intends to finance or absorb acquisitions and transactions aggregating up to 15,000 crores during the approval period. Hence, there is lack of clarity on funding and execution of the proposed transactions. The Company should provide clarity regarding the consideration limit sought. In the lack of clarity, we do not favour the resolution.
10 for6 against - To approve the material related party transaction(s) proposed to be entered into with Aegis Gas (LPG) Private Limited (“AGPL”), fellow subsidiary of the Company.
Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Kotak Mahindra Mutual Fund, Navi Mutual Fund, Zerodha Mutual Fund
- Angel One Mutual FundSEBI envisages an omnibus approval when a transaction cannot be supported with adequate details and such an approval cannot be valid for a period of more than one year. In the present case, the proposal lacks crucial details and is proposed for a period of 3 years. Hence, in order for the proposal to be compliant, additional disclosures are required. It is not clear whether ALL, AGPL and SCL, the related parties, will each develop and manage separate terminal projects or undertake different stages of development for the same terminal. Similarly, it is unclear as to on what basis it will be decided whether the acquired terminal assets will be housed at AVTL or any of its subsidiaries. Historical RPTs with ALL / AGPL / SCL reflects several operational, commercial and financing transactions. The proposal does not explain the nature of transactions to be covered with the respective parties and their respective consideration limits. Further, the basis of determining the pricing for the Related Party Transaction is not disclosed. Furthermore, the proposed transaction limits are substantial when compared to the financials of both the Company and certain related parties. There is no clarity on how the related parties propose to undertake and sustain transactions of the proposed magnitude and also, how the Company itself intends to finance or absorb acquisitions and transactions aggregating up to ₹ 15,000 crore during the approval period. Hence, there is lack of clarity on funding and execution of the proposed transactions. In an investor call, it is discussed that the capex at Aegis Logistics will be approx. $5 billion by FY 2030 which equates to approx. ₹48,000 crores and the proposed approval period too is valid until FY 2030. The Company should provide clarity regarding the consideration limit sought.
- Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundSEBI envisages an omnibus approval when a transaction cannot be supported with adequate details and such an approval cannot be valid for a period of more than one year. In the present case, the proposal lacks crucial details and is proposed for a period of 3 years. Hence, in order for the proposal to be compliant, additional disclosures are required. It is not clear whether ALL, AGPL and SCL, the related parties, will each develop and manage separate terminal projects or undertake different stages of development for the same terminal. Similarly, it is unclear as to on what basis it will be decided whether the acquired terminal assets will be housed at AVTL or any of its subsidiaries. Historical RPTs with ALL / AGPL / SCL reflects several operational, commercial and financing transactions. The proposal does not explain the nature of transactions to be covered with the respective parties and their respective consideration limits. Further, the basis of determining the pricing for the RPT is not disclosed. Furthermore, the proposed transaction limits are substantial when compared to the financials of both the Company and certain related parties. There is no clarity on how the related parties propose to undertake and sustain transactions of the proposed magnitude and also, how the Company itself intends to finance or absorb acquisitions and transactions aggregating up to ? 15,000 crore during the approval period. Hence, there is lack of clarity on funding and execution of the proposed transactions. In an investor call, it is discussed that the capex at Aegis Logistics will be approx. $5 billion by FY 2030 which equates to approx. ?48,000 crores and the proposed approval period too is valid until FY 2030. The Company should provide clarity regarding the consideration limit sought.
- Kotak Mahindra Mutual FundSEBI envisages an omnibus approval when a transaction cannot be supported with adequate details, and such an approval cannot be valid for a period of more than one year. In the present case, the proposal lacks crucial details and is proposed for a period of 3 years. Hence, in order for the proposal to be compliant, additional disclosures are required. It is not clear whether ALL, AGPL and SCL, the related parties, will each develop and manage separate terminal projects or undertake different stages of development for the same terminal. Similarly, it is unclear as to on what basis it will be decided whether the acquired terminal assets will be housed at AVTL or any of its subsidiaries. Historical RPTs with ALL / AGPL / SCL reflects several operational, commercial and financing transactions. The proposal does not explain the nature of transactions to be covered with the respective parties and their respective consideration limits. Further, the basis of determining the pricing for the RPT is not disclosed. Furthermore, the proposed transaction limits are substantial when compared to the financials of both the Company and certain related parties. There is no clarity on how the related parties propose to undertake and sustain transactions of the proposed magnitude and also, how the Company itself intends to finance or absorb acquisitions and transactions aggregating up to 15,000 crores during the approval period. Hence, there is lack of clarity on funding and execution of the proposed transactions. The Company should provide clarity regarding the consideration limit sought. In the lack of clarity, we do not favour the resolution.
10 for6 against - To approve the material related party transaction(s) proposed to be entered into with Sea Lord Containers Limited (“SCL”), fellow subsidiary of the Company.
Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Kotak Mahindra Mutual Fund, Navi Mutual Fund, Zerodha Mutual Fund
- Angel One Mutual FundSEBI envisages an omnibus approval when a transaction cannot be supported with adequate details and such an approval cannot be valid for a period of more than one year. In the present case, the proposal lacks crucial details and is proposed for a period of 3 years. Hence, in order for the proposal to be compliant, additional disclosures are required. It is not clear whether ALL, AGPL and SCL, the related parties, will each develop and manage separate terminal projects or undertake different stages of development for the same terminal. Similarly, it is unclear as to on what basis it will be decided whether the acquired terminal assets will be housed at AVTL or any of its subsidiaries. Historical RPTs with ALL / AGPL / SCL reflects several operational, commercial and financing transactions. The proposal does not explain the nature of transactions to be covered with the respective parties and their respective consideration limits. Further, the basis of determining the pricing for the Related Party Transaction is not disclosed. Furthermore, the proposed transaction limits are substantial when compared to the financials of both the Company and certain related parties. There is no clarity on how the related parties propose to undertake and sustain transactions of the proposed magnitude and also, how the Company itself intends to finance or absorb acquisitions and transactions aggregating up to ₹ 15,000 crore during the approval period. Hence, there is lack of clarity on funding and execution of the proposed transactions. In an investor call, it is discussed that the capex at Aegis Logistics will be approx. $5 billion by FY 2030 which equates to approx. ₹48,000 crores and the proposed approval period too is valid until FY 2030. The Company should provide clarity regarding the consideration limit sought.
- Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundSEBI envisages an omnibus approval when a transaction cannot be supported with adequate details and such an approval cannot be valid for a period of more than one year. In the present case, the proposal lacks crucial details and is proposed for a period of 3 years. Hence, in order for the proposal to be compliant, additional disclosures are required. It is not clear whether ALL, AGPL and SCL, the related parties, will each develop and manage separate terminal projects or undertake different stages of development for the same terminal. Similarly, it is unclear as to on what basis it will be decided whether the acquired terminal assets will be housed at AVTL or any of its subsidiaries. Historical RPTs with ALL / AGPL / SCL reflects several operational, commercial and financing transactions. The proposal does not explain the nature of transactions to be covered with the respective parties and their respective consideration limits. Further, the basis of determining the pricing for the RPT is not disclosed. Furthermore, the proposed transaction limits are substantial when compared to the financials of both the Company and certain related parties. There is no clarity on how the related parties propose to undertake and sustain transactions of the proposed magnitude and also, how the Company itself intends to finance or absorb acquisitions and transactions aggregating up to ? 15,000 crore during the approval period. Hence, there is lack of clarity on funding and execution of the proposed transactions. In an investor call, it is discussed that the capex at Aegis Logistics will be approx. $5 billion by FY 2030 which equates to approx. ?48,000 crores and the proposed approval period too is valid until FY 2030. The Company should provide clarity regarding the consideration limit sought.
- Kotak Mahindra Mutual FundSEBI envisages an omnibus approval when a transaction cannot be supported with adequate details, and such an approval cannot be valid for a period of more than one year. In the present case, the proposal lacks crucial details and is proposed for a period of 3 years. Hence, in order for the proposal to be compliant, additional disclosures are required. It is not clear whether ALL, AGPL and SCL, the related parties, will each develop and manage separate terminal projects or undertake different stages of development for the same terminal. Similarly, it is unclear as to on what basis it will be decided whether the acquired terminal assets will be housed at AVTL or any of its subsidiaries. Historical RPTs with ALL / AGPL / SCL reflects several operational, commercial and financing transactions. The proposal does not explain the nature of transactions to be covered with the respective parties and their respective consideration limits. Further, the basis of determining the pricing for the RPT is not disclosed. Furthermore, the proposed transaction limits are substantial when compared to the financials of both the Company and certain related parties. There is no clarity on how the related parties propose to undertake and sustain transactions of the proposed magnitude and also, how the Company itself intends to finance or absorb acquisitions and transactions aggregating up to 15,000 crores during the approval period. Hence, there is lack of clarity on funding and execution of the proposed transactions. The Company should provide clarity regarding the consideration limit sought. In the lack of clarity, we do not favour the resolution.
10 for6 against
Mutual fund votes, meeting of 30 Nov 2025, 18 fund houses
- Appointment of Mr. Wimal Roy Shylindra Kumar Samlal (DIN: 03639027) (Nominee Of Vopak India B.V) as Non-Executive Non-Independent Director of the Company.18 for0 against
- To approve the material related party transaction(s) proposed to be entered into by the Company with Aegis Gas (LPG) Private Limited.
Against Baroda BNP Paribas Mutual Fund
- Baroda BNP Paribas Mutual FundCompliant with law. However, we see limited value for Aegis Vopak from acquiring Haldia LPG Terminal at the proposed transaction value, which fully values the terminal as per our DCF analysis.
17 for1 against - To approve the material related party transaction(s) proposed to be entered into by the Company with Vopak India B.V.
Against Baroda BNP Paribas Mutual Fund
- Baroda BNP Paribas Mutual FundCompliant with law. However, we see limited value for Aegis Vopak from acquiring Haldia LPG Terminal at the proposed transaction value, which fully values the terminal as per our DCF analysis.
17 for1 against
Mutual fund votes, meeting of 3 Oct 2025, 7 fund houses
1 proposal
APPROVAL OF THE ARTICLES OF ASSOCIATION OF THE COMPANY AND INSERTION OF CLAUSES PURSUANT TO REGULATION 31B OF SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015MoreLess
Against 360 One Mutual Fund
- 360 One Mutual FundCompliant with law. Governance concern: Nominee directors have right to appoint alternate directors. Dominating rights to nominees of Aegis to be/ appoint the Chairperson of the Board
6 for1 against
Mutual fund votes, meeting of 14 Aug 2025, 6 fund houses
3 proposals
To consider and adopt the Audited Financial Statements of the Company (Standalone & Consolidated) for the financial year ended March 31, 2025 together with the reports of the Board of Directors and Auditors thereon.MoreLess
6 for0 against- To appoint a Director in place of Mr. Wilfred Swee Guan Lim (DIN: 09790083), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.6 for0 against
- Appointment of M/s. Naithani & Shetty Associates, as a Secretarial Auditor of the Company for the first term of five years.
Against Motilal Oswal Mutual Fund
- Motilal Oswal Mutual FundCompliant with law. No concern on the merits of the proposed Auditors. Transparency Concern: Audit fee of outgoing Auditors not disclosed, hence shareholders cannot ascertain if there exists a material change in the Audit fee proposed when compared to fee paid to outgoing auditors.
5 for1 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
At most 1 complaint open, quarter to Jun 2025.
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Mar 2026. The company's results filing for the quarter to Sep 2026 says no statement of how money raised was used applies to it.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Public IssuesMay 2025, checked by CARE Ratings Limited | 2,800.00 | Repayment or prepayment of all or a portion of certain outstanding borrowings availed by the Company | 2,015.95 | 2,015.95 | No |
| Public IssuesMay 2025, checked by CARE Ratings Limited | 2,800.00 | Funding capital expenditure towards contracted acquisition of the cryogenic LPG terminal at Mangalore | 671.30 | 671.30 | No |
| Public IssuesMay 2025, checked by CARE Ratings Limited | 2,800.00 | General Corporate Purposes | 3.63 | 5.95 | No |
| Public IssuesMay 2025, checked by CARE Ratings Limited | 2,800.00 | Offer Related Expenses | 109.12 | 106.80 | No |
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.