VA Tech Wabag Limited has completed the allotment of 8,087 equity shares to eligible employees under its employee stock option scheme. The Board of Directors approved this allotment through a circular resolution dated March 18, 2026, at 2:49 PM IST, under the "WABAG Centenary Stock Option Scheme 2023".

Share Allotment Details

The allotment represents the exercise of stock options by eligible grantees under the company's centenary stock option scheme. Each equity share carries a face value of INR 2.

Impact on Share Capital

Following this allotment, the company's capital structure has been updated with increased paid-up equity share capital.

Regulatory Compliance

The allotment was conducted in compliance with SEBI regulations, specifically under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has filed the necessary disclosures as required under Regulation 10(c) and part E of Schedule I of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Share Characteristics

The newly allotted equity shares will rank pari passu with the existing equity shares of the company, carrying identical rights and privileges. The shares have been assigned distinctive numbers from 62301509 to 62309595 and will be issued in demat form under ISIN number INE956G01038.

The company secretary and compliance officer, Anup Kumar Samal, signed the regulatory filings and intimation letters to both BSE Limited and National Stock Exchange of India Limited, where the company's shares are listed.

VA Tech WABAG has secured a significant Letter of Award from the Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB) to develop Chennai's city-wide looped water transmission network. The project, funded by the Asian Development Bank, represents a major step toward establishing climate-resilient water infrastructure for Greater Chennai City under the Chennai Climate Resilient Water Security and Sewerage Project (CCRWSSP).

Project Overview and Significance

The project addresses Chennai's long-standing water management challenges, including water scarcity, uneven distribution, and periodic supply disruptions intensified by climate variability and dependence on distant surface water sources. The proposed ring main system will form the backbone of Chennai's water grid, strengthening the city's bulk water transmission network through interconnected pumping stations, service reservoirs, and key network nodes.

Technical Scope and Infrastructure Development

The comprehensive project scope encompasses multiple critical components designed to transform Chennai's water distribution capabilities:

• Bulk transmission pipelines and feeder mains for enhanced water flow management
• Pumping stations and underground tanks for improved storage and distribution
• Central SCADA system integration for digital monitoring and automated control
• Complete network testing and commissioning to ensure operational readiness
• Performance-based operations and maintenance for sustained system efficiency

The system will enable dynamic balancing of water flows across zones, reduce reliance on single transmission corridors, and enhance resilience to supply disruptions while ensuring more equitable water distribution across the city.

Strategic Impact and Benefits

Once operational, the system will establish a climate-resilient water grid for Chennai, significantly improving the city's ability to manage water resources efficiently and respond to disruptions. The project introduces digital monitoring, automated control, and performance-based operations, enabling smarter network management and strengthening CMWSSB's operational capabilities.

Shailesh Kumar, Chief Executive Officer - India Cluster, commented on the development: "This project marks an important step towards building a resilient and future-ready water infrastructure for Chennai. The development of a city-wide water grid will significantly enhance supply reliability, operational flexibility, and climate resilience for the city. We are proud to partner with CMWSSB and support Chennai's long-term water security by delivering advanced infrastructure combined with digital monitoring and smart network management."

Order Classification Framework

The project falls under WABAG's 'Mega' order classification for domestic projects, as outlined in their order categorization system:

Company Background

With over a century of expertise, WABAG operates as a global leader in water technology, delivering innovative and sustainable solutions for municipal and industrial needs. The company manages over 2,000 water professionals across 25+ countries and has designed and built 1,500+ water and wastewater treatment plants globally over the past three decades. WABAG operates cutting-edge R&D centres in Europe and India, holding 125+ intellectual property rights while maintaining alignment with United Nations Sustainable Development Goals and core ESG principles.