Denta Water & Infra Solutions has issued a clarification regarding an earlier stock market announcement about Sunil Singhania's Abakkus Funds making an investment in the company. The infrastructure solutions provider has stated that the previous announcement was made due to a clerical mistake and has specifically advised investors not to make any trading or investment decisions based on the recently spread article.

Company Advisory to Investors

The company has taken a proactive stance by explicitly cautioning market participants against making investment decisions based on the erroneous information. This advisory represents a stronger response than typical clarifications, emphasizing the potential impact of the mistaken announcement on investor behavior and trading activities.

Clarification Details

The following table summarizes the key aspects of the company's clarification:

Market Communication Standards

Denta Water & Infra Solutions operates in the infrastructure development sector and maintains its commitment to accurate market communication. The company's comprehensive approach in addressing the clerical error demonstrates adherence to proper disclosure practices and regulatory compliance requirements, while also showing concern for potential market impact.

Investor Protection Measures

The specific advisory against making trading decisions highlights the company's awareness of how erroneous information can influence market behavior. This clarification serves to protect investors from making decisions based on incorrect data and reinforces the importance of relying on verified and officially confirmed information when evaluating investment opportunities in the company's stock.

Denta Water and Infra Solutions has been awarded four major water infrastructure projects by the Karnataka Urban Infrastructure Development and Finance Corporation Ltd. (KUIDFC), with a combined contract value exceeding ₹106 crores. These projects, announced through an official press release, focus on constructing and upgrading vital sewage treatment plants and sewerage systems across multiple districts in Karnataka.

Project Portfolio Overview

The four awarded projects are funded under major government initiatives, including the Swachh Bharat Mission (Urban) 2.0 Fund and the NGT Fund. All contract values are calculated exclusive of GST, reinforcing the company's role as a key partner in improving urban sanitation and water management across the state.

Detailed Project Breakdown

The largest project involves Tumakuru City, featuring construction and upgradation of sewerage systems under the DBOT (Design, Build, Operate, Transfer) model, valued at ₹41.74 crores excluding GST. The SBM/BGM Package-2 project covers five ULBs in Belagavi district, including Examba, M.K. Hubballi, Gokak, Mudalagi, and Nippani, with STP capacities ranging from 1.20 MLD to 9.59 MLD, worth ₹30.16 crores.

Strategic Significance and Leadership Response

Mr. C. Mruthyunjaya Swamy, Chairman and Executive Director, expressed honor at being entrusted with these critical infrastructure projects, emphasizing the company's commitment to high-quality execution and dedication to supporting Karnataka's mission for enhanced urban sanitation and environmental sustainability.

The projects span across Belagavi, Kalburgi, Bagalkot, Dharwad, Gadag, Vijayapura, and Tumakuru districts, reinforcing Denta Water and Infra Solutions' dedication to sustainable development and environmental conservation through modern water infrastructure solutions.