VA TECH WABAG LIMITED has incorporated a wholly owned subsidiary company effective from April 01, 2026, with the Certificate of Incorporation received on April 22, 2026. The new subsidiary has been named NORTH CHENNAI TRU WATER PRIVATE LIMITED and has been incorporated in Chennai, India. The intimation was made to the National Stock Exchange of India Limited and BSE Limited in accordance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Subsidiary Details

The wholly owned subsidiary has been incorporated with an initial paid-up capital of INR 1,00,000, divided into 10,000 equity shares of INR 10 each. The consideration paid towards subscription of share capital amounts to INR 100,000. VA TECH WABAG LIMITED holds 100% equity shares in the subsidiary, which has not yet commenced business operations and therefore has nil turnover.

Business Operations

NORTH CHENNAI TRU WATER PRIVATE LIMITED will operate in the waste water treatment industry. The subsidiary will be engaged in the business of "Refurbishment, Finance, Operate, Maintain and Transfer (RFOMT) of a 45 Million Litres per Day (MLD) Tertiary Treatment Reverse Osmosis (TTRO) Plant at Kodungaiyur, Chennai, Tamil Nadu."

Key Information

The subsidiary was registered with the Registrar of Companies, Chennai, India. As it is a newly incorporated entity, the turnover for the last three years is not applicable since business operations are yet to commence.

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.