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

VA TECH WABAG has secured a Design, Build, Operate (DBO) contract for the Doha SWRO Desalination Plant with Recarbonation System - Stage II in Kuwait from the Ministry of Electricity, Water & Renewable Energy (MEWRE). This prestigious order, classified as a Mega order, marks the company's maiden entry into Kuwait and consolidates its footprint across the GCC region. The project entails the design, engineering, procurement, construction, and commissioning of a 60 MIGD (approximately 272 MLD) Seawater Reverse Osmosis (SWRO) Desalination Plant.

The project will be executed through an unincorporated Joint Venture led by VA TECH WABAG in association with Heavy Engineering Industries & Shipbuilding Company K.S.C. (HEISCO). The EPC phase is scheduled for completion within 36 months, followed by a five-year Operation & Maintenance period. The facility will incorporate advanced desalination technologies and Solar Photovoltaic (PV) systems to partially meet energy requirements, supporting Kuwait's renewable energy ambitions.

Project Details and Classification

The Doha SWRO II Project is designed to deliver high-quality potable water to address Kuwait's rising water demand. The inclusion of a state-of-the-art Recarbonation System and solar PV systems underscores the focus on sustainability and operational excellence.

Order Classification Criteria

The company classifies orders based on specific value thresholds. International orders valued above USD 150 million are categorized as Mega orders.

The promoter, promoter group, or group companies do not hold any interest in the entity awarding the contract. The transaction does not fall within related party transactions.

Mr. Rohan Mittal, Head – Strategy and Business Growth – GCC, stated that the landmark win reinforces the company's leadership in the Middle East desalination market and its commitment to enabling a water-secure future through energy-efficient solutions.