va tech wabag has appointed Samaresh Parida as an Additional Director in the capacity of Non-Executive Independent Director effective June 26, 2026. The appointment, approved by the Board based on the recommendation of the Nomination and Remuneration Committee, is for a period of three years. This decision is subject to the approval of the Members of the Company at the ensuing 31st Annual General Meeting (AGM) scheduled to be held on August 12, 2026.

Regulatory Disclosures

The appointment was disclosed in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that Mr. Parida is not related to any of the Promoters, Members of the Promoter Group, or Directors of the Company. Furthermore, he is not debarred from holding the office of a Director or from accessing the capital markets by virtue of any SEBI order or any other authority.

Profile of the Appointee

Mr. Samaresh Parida (aged about 65 years) is a Chartered Accountant, Cost Accountant, and holds an MBA from the Indian Institute of Management, Ahmedabad. He brings over 40 years of global experience across strategy, finance, governance, M&A, and business transformation in sectors such as Banking, Telecom, FMCG, Automotive, Manufacturing, and Technology.

Key Details of Appointment

Previous and Current Roles

Mr. Parida has held significant leadership roles, including serving as an Independent Director and Chairman of the Audit Committee at IDBI Bank Limited from August 13, 2018, to May 18, 2026. He currently serves as an Independent Director and Audit Committee Chairman at Carlsberg India Limited (since May 4, 2026), Shaily Engineering Plastics Limited (since August 27, 2022), and Sudeep Pharma Limited (since October 26, 2024). His prior corporate experience includes positions such as Executive Director - Strategy at Vodafone Group and CFO & Finance Director - Global Strategic Initiatives at PepsiCo, New York.

Va Tech Wabag has fixed Friday, July 17, 2026, as the record date to determine shareholder eligibility for the final dividend of ₹5.00 per share for FY 2025-26. The Board of Directors recommended this 250% dividend on equity shares of ₹2 each, subject to shareholder approval at the 31st Annual General Meeting scheduled for August 12, 2026. The dividend payout is scheduled on or before September 10, 2026. Shareholders must submit necessary documentation to claim exemptions from Tax Deduction at Source (TDS) by Monday, July 20, 2026.

Pursuant to the Income-Tax Act, 2025, and the Finance Act, 2026, dividend income is taxable in the hands of shareholders. For resident individuals, TDS will be deducted at 10% if the total dividend exceeds ₹10,000 in a financial year and a valid PAN is registered. The rate increases to 20% if a valid PAN is not registered or if the PAN is not linked with Aadhaar. Resident individuals not liable to pay tax may submit Form 121 to avail of non-deduction benefits.

Non-resident shareholders face a TDS rate of 20% plus applicable surcharge and cess, unless they provide valid documentation to claim benefits under the applicable Double Taxation Avoidance Agreement (DTAA). The company requires fresh forms and documents for this dividend; previous submissions will not be considered. Shareholders must submit declarations to the company or its Registrar and Share Transfer Agent, Cameo Corporate Services Ltd, by the specified deadline.

TDS Rates and Deadlines

The company emphasized that any communication received after 11:59 P.M. IST on July 20, 2026, will not be considered for tax computation. Shareholders holding shares in physical mode must ensure their PAN, KYC, and bank details are furnished to the Registrar to facilitate electronic payments, as mandated by SEBI regulations.