Aegis Vopak Terminals Limited has submitted its Monitoring Agency Report for the quarter ended December 31, 2025, to the National Stock Exchange of India Limited and BSE Limited. The report, issued by CARE Ratings Limited, monitors the utilization of proceeds from the company's Initial Public Offering (IPO). The IPO, which raised ₹2,800 crore, was conducted between May 26-28, 2025. The report confirms that the utilization of IPO proceeds has been in line with the disclosures made in the offer document, with no deviation from the stated objects. The primary uses of the funds were for repayment of borrowings (₹2,015.95 crore) and funding the capital expenditure for the acquisition of the cryogenic LPG terminal at Mangalore (₹671.30 crore). As of December 31, 2025, the total utilized amount stood at ₹2,775.61 crore, with ₹22.34 crore remaining unutilized. The unutilized proceeds, amounting to ₹2.05 crore, are held in a balance in the Monitoring Account and Public Issue Account, with ₹1.27 crore of this being interest income from a fixed deposit. The report also notes that there were no delays in the implementation of the objects as per the offer document, with completion dates falling within FY26 and no material deviations observed from previous monitoring agency reports.
