VA Tech Wabag Limited has formalized its strategic investment in Nimble Vision Private Limited through the execution of a comprehensive Share Subscription and Shareholders Agreement on April 17, 2026. This transaction represents the company's inaugural investment under its BLUE SEED initiative, focusing on advancing indigenous deeptech solutions for water conservation and automation.

Investment Structure and Terms

The agreement establishes WABAG's entry into Nimble Vision with a significant equity position and governance rights. The investment demonstrates the company's commitment to supporting innovative water technology solutions through strategic partnerships.

Governance and Management Rights

The shareholders agreement grants WABAG substantial influence in Nimble Vision's operations and strategic direction. The company has secured key governance provisions that ensure active participation in the startup's growth trajectory.

Board Representation:

• Right to nominate and appoint 1 Director
• Right to appoint 1 Observer
• Affirmative voting rights on key matters

Strategic Partnership Framework

The Share Subscription and Shareholders Agreement involves multiple stakeholders, creating a comprehensive framework for the investment. The parties to the agreement include VA Tech Wabag Limited, Nimble Vision Private Limited, along with Nimble Vision's promoters, existing shareholders, and other participating investors in this funding round.

The agreement serves to record the investment terms and regulate relationships between all parties, establishing clear rights and obligations regarding Nimble Vision's management and operations. The transaction structure ensures alignment of interests among all stakeholders while providing WABAG with meaningful participation in the company's strategic decisions.

Regulatory Compliance

The company has confirmed that this transaction does not constitute a related party transaction, as the parties involved are not related to WABAG's promoter, promoter group, or group companies. The agreement execution follows proper regulatory disclosure requirements under SEBI regulations, with no conflicts of interest arising from the shareholders agreement.

This investment marks a significant step in WABAG's strategy to support innovative water technology solutions while expanding its presence in the deeptech ecosystem through the BLUE SEED initiative.

Va Tech Wabag has issued an official clarification to stock exchanges regarding recent media reports about project bids in Saudi Arabia and Kuwait. The company's regulatory filing addresses discrepancies in news coverage and provides accurate information about its international project status.

Saudi Arabia Project Clarification

Contrary to media reports suggesting the company emerged as the lowest bidder for a sewage treatment plant contract worth Rs 600 crore in Saudi Arabia, Va Tech Wabag has categorically denied this claim. The company stated it does not know of any project worth Rs 600 crore in Saudi Arabia where it has been declared as the lowest bidder as of the filing date.

Kuwait Desalination Project Update

Regarding the Kuwait project, Va Tech Wabag confirmed that its joint venture with HEISCO, Kuwait, was indeed notified as the lowest bidder for a desalination plant project. The customer notification on their portal dated August 06, 2025, confirmed the joint venture's lowest bid of KD 114,280,000. However, the company clarified that it is still awaiting the Letter of Award (LOA) for this project.

Regulatory Compliance Statement

The company emphasized that since there is no actual event of "Bagging of Orders/Contracts," no disclosures were required under Regulation 30 of the SEBI (LODR) Regulations, 2015. This clarification was filed in response to exchange queries about the media reports and subsequent market activity.

Market Context

The clarification comes following significant market attention on the company's shares, with media reports suggesting major contract wins in international markets. Va Tech Wabag's proactive disclosure demonstrates its commitment to maintaining transparency and preventing misinformation from affecting investor decisions.