VA Tech Wabag logo

VA Tech Wabag MD, chairman, board of directors and AGM

NSE: WABAGBSE: 533269Other UtilitiesSmall Cap

Last close ₹1,710.40down ₹61.80 (3.49%)BSE ₹1,710.45

Share price at the NSE close on 23 Oct 2026. Previous close ₹1,772.20.

52-week range of traded prices to 23 Oct 2026
₹1,033.00Low, 27 Jan 2026₹2,319.00High, 11 Sep 2026
Market cap
₹10,689 Cr601st largest listed
P/E
Earlier quarters restated in the year
P/B
4.2
Dividend yield
0.29%
ROCE
15.7%
Debt to equity
0.09
Volume, NSE
4,27,67349.4% delivered

VA Tech Wabag board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorRajiv Mittal
  • Company Secretary and Compliance OfficerANUP KUMAR SAMAL

7 directors4 independent2 executive1 non-executive

  • Rajiv Mittal · Chairperson and managing directorExecutive · joined Sep 2000 · reappointed Apr 2025 · 1 listed board
  • Milin Kaimas MehtaIndependent · joined Apr 2019 · reappointed Aug 2022 · 86 months as independent · 5 listed boards · 4 as independent · 8 committee seats, 5 as chair
  • Vijaya SampathIndependent · joined Jul 2020 · reappointed Aug 2023 · 71 months as independent · 5 listed boards · 5 as independent · 6 committee seats, 2 as chair
  • Ranjit SinghIndependent · joined Nov 2020 · reappointed Nov 2023 · 67 months as independent · 3 listed boards · 3 as independent · 4 committee seats, 2 as chair
  • Samaresh ParidaIndependent · joined Jun 2026 · reappointed Jun 2026 · 0 months as independent · 3 listed boards · 3 as independent · 4 committee seats, 3 as chair
  • Amit GoelaNon-executive · joined Jul 2021 · reappointed Jul 2024 · 3 listed boards · 2 committee seats
  • Subramanian VaradarajanExecutive · joined Jun 2015 · reappointed Jun 2023 · 1 listed board · 1 committee seat

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 26 Jun 20266 of 6 present3 independent · 35 days in between
    • 21 May 20265 of 6 present3 independent · 54 days in between
    • 27 Mar 20266 of 6 present3 independent · 50 days in between
    • 4 Feb 20266 of 6 present3 independent

  • Audit Committee

    Chair Milin Kaimas Mehta

    Ranjit Singh, Vijaya Sampath, Amit Goela

    • 20 May 20263 of 4 present3 independent · 53 days in between
    • 27 Mar 20264 of 4 present3 independent · 50 days in between
    • 4 Feb 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Vijaya Sampath

    Milin Kaimas Mehta, Amit Goela, Ranjit Singh

    • 26 Jun 20264 of 4 present3 independent · 36 days in between
    • 20 May 20263 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair Ranjit Singh

    Milin Kaimas Mehta, Subramanian Varadarajan

    • 20 May 20263 of 3 present2 independent · 104 days in between
    • 4 Feb 20263 of 3 present2 independent

  • Risk Management Committee

    Chair Ranjit Singh

    Milin Kaimas Mehta, Rajiv Mittal, Subramanian Varadarajan

    • 20 May 20264 of 4 present2 independent · 104 days in between
    • 4 Feb 20264 of 4 present2 independent

  • Corporate Social Responsibility Committee

    Chair Vijaya Sampath

    Amit Goela, Ranjit Singh, Subramanian Varadarajan

    • 20 May 20263 of 4 present2 independent · 104 days in between
    • 4 Feb 20264 of 4 present2 independent

  • Sustainability Committee

    Chair Vijaya Sampath

    Ranjit Singh, Milin Kaimas Mehta, Subramanian Varadarajan

    • 20 May 20264 of 4 present3 independent

  • Capital Allocation Committee

    Chair Milin Kaimas Mehta

    Vijaya Sampath, Ranjit Singh, Rajiv Mittal, Subramanian Varadarajan

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • Sharp & TannanPeer-review certificate valid to May 2028

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

VA Tech Wabag AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.VA Tech Wabag dividend history

Annual general meeting, 12 Aug 2026

2,25,082 shareholders on the register on 5 Aug 2026; present: 2 promoters and 83 others; votes counted by M. Damodaran / M/s M Damodaran & Associates LLP.The company's voting result (opens in a new tab)

  1. Adoption of audited Financial Statements (both standalone and consolidated) of the Company for the financial year ended March 31, 2026, along with the reports of the Board of Directors of the Company and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 49.78% · promoters 100.00% · institutions 81.48% · other public 20.08%

  2. To declare a final dividend of INR 5 per equity share for the financial year ended March 31, 2026
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 49.91% · promoters 100.00% · institutions 82.04% · other public 20.08%

  3. Appointment of Mr. S. Varadarajan (DIN: 02353065) as a Director, liable to retire by rotation
    OrdinaryPromoters have an interest in it
    94.14% for5.86% against

    Against: promoters 0.00% · institutions 15.09% · other public 0.07%

    Turnout: all 49.90% · promoters 100.00% · institutions 81.97% · other public 20.08%

  4. Approval for remuneration payable to Mr. Rohan Mittal, Related Party, holding office or place of profit
    OrdinaryPromoters have an interest in it
    99.76% for0.24% against

    Against: promoters 0.00% · institutions 0.40% · other public 0.03%

    Turnout: all 34.34% · promoters 18.38% · institutions 81.97% · other public 20.08%

  5. Ratification of Remuneration payable to the Cost Auditor for the Financiall Year 2025-26
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 49.90% · promoters 100.00% · institutions 81.97% · other public 20.08%

  6. Appointment of Mr. Samaresh Parida (DIN: 01853823) as an Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 49.90% · promoters 100.00% · institutions 81.97% · other public 20.08%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 12 Aug 2025, 5 resolutions

2,02,356 shareholders on the register on 5 Aug 2025; present: 2 promoters and 69 others; votes counted by M. Damodaran / M/s M Damodaran & Associates LLP.The company's voting result (opens in a new tab)

  1. Adoption of audited Financial Statements (both standalone and consolidated) of the Company for the financial year ended March 31, 2025, along with the reports of the Board of Directors of the Company and Auditors thereon.MoreLess
    Ordinary
    96.42% for3.58% against

    Against: promoters 0.00% · institutions 9.09% · other public 0.00%

    Turnout: all 49.82% · promoters 100.00% · institutions 86.61% · other public 19.04%

  2. Declaration of final dividend of INR 4 per equity share for the financial year ended March 31, 2025.
    Ordinary
    96.43% for3.57% against

    Against: promoters 0.00% · institutions 9.04% · other public 0.00%

    Turnout: all 49.94% · promoters 100.00% · institutions 87.16% · other public 19.04%

  3. Appointment of Mr. Amit Goela (DIN 01754804) as a director, liable to retire by rotation.
    Ordinary
    93.00% for7.00% against

    Against: promoters 0.00% · institutions 17.69% · other public 0.01%

    Turnout: all 49.94% · promoters 100.00% · institutions 87.16% · other public 19.04%

  4. Appointment of Messers. M. Damodaran and Associates LLP, Practising Company Secretaries as the Secretarial Auditors of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 49.94% · promoters 100.00% · institutions 87.16% · other public 19.04%

  5. Ratification of Remuneration payable to the Cost Auditor for the financial year 2024-25
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 49.94% · promoters 100.00% · institutions 87.16% · other public 19.04%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 14 Aug 2024, 7 resolutions

Present: 2 promoters and 122 others.The company's voting result (opens in a new tab)

  1. Adoption of Financial Statementsna) To consider and adopt the audited standalone financialnstatements of VA TECH WABAG LIMITED (“thenCompany”) for the financial year ended March 31, 2024,ntogether with the reports of the Board of Directors of thenCompany and the Auditors thereon; andnb) To consider and adopt the audited consolidatednfinancial statements of VA TECH WABAG LIMITED (“thenCompany”) for the financial year ended March 31, 2024,ntogether with the report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 45.08% · promoters 100.00% · institutions 76.45% · other public 20.87%

  2. Appointment of Mr. S. Varadarajan (DIN:02353065)nas a Director, liable to retire by rotation
    OrdinaryPromoters have an interest in it
    98.57% for1.43% against

    Against: promoters 0.00% · institutions 4.66% · other public 0.07%

    Turnout: all 41.59% · promoters 81.62% · institutions 76.62% · other public 20.87%

  3. Re-appointment of Mr. Rajiv Mittal (DIN: 01299110)nas the Chairman and Managing Director ofnthe Company
    OrdinaryPromoters have an interest in it
    96.57% for3.43% against

    Against: promoters 0.00% · institutions 8.07% · other public 0.01%

    Turnout: all 29.49% · promoters 18.38% · institutions 76.62% · other public 20.87%

  4. Re-appointment of Mr. Amit Goela (DIN: 01754804)nas a Non – Executive Non - Independent Directornof the Company
    Ordinary
    97.12% for2.88% against

    Against: promoters 0.00% · institutions 10.37% · other public 0.03%

    Turnout: all 45.11% · promoters 100.00% · institutions 76.62% · other public 20.87%

  5. Ratification of the Remuneration payable to thenCost Auditor for the Financial Year 2023-24
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 45.11% · promoters 100.00% · institutions 76.62% · other public 20.87%

  6. Increase in the Borrowing limits of the Company
    Special
    96.46% for3.54% against

    Against: promoters 0.00% · institutions 12.70% · other public 0.04%

    Turnout: all 45.11% · promoters 100.00% · institutions 76.62% · other public 20.87%

  7. Increase in limits for creation of charges on thenassets of the Company
    Special
    96.45% for3.55% against

    Against: promoters 0.00% · institutions 12.70% · other public 0.10%

    Turnout: all 45.11% · promoters 100.00% · institutions 76.62% · other public 20.87%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 30 Jan 2024, 2 resolutions

Present: 2 promoters and 95 others.The company's voting result (opens in a new tab)

  1. To approve adoption of ‘Wabag Centenary Stock Option Scheme 2023’
    Special
    85.79% for14.21% against

    Against: promoters 0.00% · institutions 47.81% · other public 0.02%

    Turnout: all 48.24% · promoters 100.00% · institutions 83.99% · other public 23.15%

  2. To approve extension and grant of Centenary Stock Options to the Employees of Group company(ies) including Subsidiary company(ies) and/or Associate company(ies) of the Company under ‘Wabag Centenary Stock Option Scheme 2023’MoreLess
    Special
    85.78% for14.22% against

    Against: promoters 0.00% · institutions 47.81% · other public 0.04%

    Turnout: all 48.24% · promoters 100.00% · institutions 83.99% · other public 23.15%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 11 Aug 2023, 7 resolutions

Present: 2 promoters and 75 others.The company's voting result (opens in a new tab)

  1. Adoption of financial statements na) To consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2023, the reports of the Board of Directors and Auditors thereon; and nb) To consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2023 and the report of Auditors thereon.nMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 46.65% · promoters 100.00% · institutions 81.73% · other public 18.52%

  2. Appointment of Mr. Amit Goela (DIN: 01754804) as a Director, liable to retire by rotation
    Ordinary
    95.33% for4.67% against

    Against: promoters 0.00% · institutions 13.35% · other public 0.03%

    Turnout: all 46.75% · promoters 100.00% · institutions 82.22% · other public 18.52%

  3. Reappointment of M/s Sharp & Tannan (Firm Registration No. 003792S) as the Statutory Auditors of the Company and to fix their remuneration
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 46.75% · promoters 100.00% · institutions 82.22% · other public 18.52%

  4. Reappointment of Mr. Ranjit Singh (DIN: 01651357) as an Independent Directornn
    Special
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 0.33% · other public 0.03%

    Turnout: all 46.75% · promoters 100.00% · institutions 82.22% · other public 18.52%

  5. Reappointment of Mrs. Vijaya Sampath (DIN: 00641110) as an Independent Director
    Special
    85.30% for14.70% against

    Against: promoters 0.00% · institutions 42.09% · other public 0.03%

    Turnout: all 46.75% · promoters 100.00% · institutions 82.22% · other public 18.52%

  6. Reappointment of Mr. S. Varadarajan (DIN: 02353065) as a Whole Time Director & Chief Growth Officer of the Company
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 43.23% · promoters 81.62% · institutions 82.22% · other public 18.51%

  7. Ratification of the Remuneration of the Cost Auditor for the Financial Year 2022-23.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 46.75% · promoters 100.00% · institutions 82.22% · other public 18.52%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 24 Aug 2022, 4 resolutions

Present: 6 promoters and 132 others.The company's voting result (opens in a new tab)

  1. ORDINARY - Consider and adoptna) The Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2022, the reports of the Board of Directors and Auditors thereon .n b)The Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2022 and the report of Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 52.56% · promoters 100.00% · institutions 92.90% · other public 23.46%

  2. Appointment Mr. S Varadarajan (DIN 02353065), as Director, who retires by rotation.
    OrdinaryPromoters have an interest in it
    99.57% for0.43% against

    Against: promoters 0.00% · institutions 1.26% · other public 0.01%

    Turnout: all 49.13% · promoters 83.80% · institutions 93.38% · other public 23.46%

  3. Re-Appointment of Mr. Milin Mehta (DIN 01297508) as an Independent Director
    Special
    92.25% for7.75% against

    Against: promoters 0.00% · institutions 24.27% · other public 0.02%

    Turnout: all 52.64% · promoters 100.00% · institutions 93.38% · other public 23.45%

  4. Ratification of the Remuneration of Cost Auditor for the Financial Year 2021-22
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 52.64% · promoters 100.00% · institutions 93.38% · other public 23.46%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 21 Jan 2022, 1 resolution

The company's voting result (opens in a new tab)

  1. To approve the request received from Mr. Shiv Narayan Saraf, Promoter, for re-classification from “Promoter and Promoter Group” category to “Public” category
    OrdinaryPromoters have an interest in it
    81.94% for18.06% against

    Against: promoters 0.00% · institutions 47.13% · other public 0.08%

    Turnout: all 49.65% · promoters 88.14% · institutions 87.66% · other public 20.34%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 25 Aug 2021, 5 resolutions

Present: 2 promoters and 63 others.The company's voting result (opens in a new tab)

  1. To consider and adopt a) The Audited Financial Statements of the Company for the Financial Year ended March 31, 2021, the reports of the Board of Directors and Auditors thereon; and b) The Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2021MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 52.60% · promoters 100.00% · institutions 88.36% · other public 21.61%

  2. To appoint a Director in place of Mr. S Varadarajan (DIN: 02353065), who retires by rotation and being eligible, has offered himself for re- appointment
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 49.09% · promoters 83.80% · institutions 88.40% · other public 21.61%

  3. Appointment of Mr. Ranjit Singh (DIN:01651357) as an Independent Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 52.61% · promoters 100.00% · institutions 88.40% · other public 21.61%

  4. Appointment of Mr. Amit Goela (DIN:01754804) as a Non – Executive Non - Independent Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 52.61% · promoters 100.00% · institutions 88.40% · other public 21.61%

  5. Ratification of the Remuneration of Cost Auditor for the Financial Year 2020-21.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 52.61% · promoters 100.00% · institutions 88.40% · other public 21.61%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it

Mutual fund votes, meeting of 12 Aug 2026, 7 fund houses so far (houses' deadline to file 15 Oct 2026)

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Adoption of audited Financial Statements (both standalone and consolidated) of the Company for the financial year ended March 31, 2026, along with the reports of the Board of Directors of the Company and Auditors thereon.MoreLess
    7 for0 against
  • To declare a final dividend of INR 5 per equity share for the financial year ended March 31, 2026
    7 for0 against
  • Appointment of Mr. S. Varadarajan (DIN: 02353065) as a Director, liable to retire by rotation
    7 for0 against
  • Approval for remuneration payable to Mr. Rohan Mittal, Related Party, holding office or place of profit
    Against Jio BlackRock Mutual Fund
    • Jio BlackRock Mutual FundRohan Mittal (Age – NA) is part of the promoter family and is the son of Rajiv Mittal, Chairperson and Managing Director. He has been associated with the company for close to eight years and currently serves as Head – Strategy & Business Growth, GCC Region. He holds a B.Tech. degree in Chemical Engineering from Alagappa College of Technology, a certification in Critical Analytical Thinking from Stanford Graduate School of Business, and a Global Master Certificate in Integrated Supply Chain Management from Michigan State University. The company has not disclosed Rohan Mittal's past remuneration nor provided adequate justification for the proposed remuneration of up to Rs. 15.0 mn per annum. Further, with just over eight years of post-qualification experience, his proposed remuneration appears high compared to that of other senior key managerial personnel. We expect the company to provide clarity how the proposed remuneration has been benchmarked with peers in the company. In the absence of adequate disclosures supporting the proposed remuneration, we do not support the resolution.
    6 for1 against
  • Ratification of Remuneration payable to the Cost Auditor for the Financiall Year 2025-26
    1 for0 against
  • Appointment of Mr. Samaresh Parida (DIN: 01853823) as an Independent Director of the Company
    7 for0 against
1 proposal not matched to one resolution
  • Ratification of remuneration of INR 5,50,000/- exclusive of applicable taxes and out of pocket expenses payable to Mr. K. Suryanarayanan, Practicing Cost Accountant Chennai (Membership No. 24946) who was appointed by the Board of Directors of VA TECH WABAG LIMITED (the Company) (hereinafter referred to as the Board which term shall deem to include any Committee constituted / to be constituted by the Board), to conduct the audit of the cost records maintained by the Company for the FY 2025-26, as recommended by the Audit Committee.MoreLess
    6 for0 against

Mutual fund votes, meeting of 12 Aug 2025, 11 fund houses

  • Adoption of audited Financial Statements (both standalone and consolidated) of the Company for the financial year ended March 31, 2025, along with the reports of the Board of Directors of the Company and Auditors thereon.MoreLess
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance Concern: High Trade Receivables for more than 7-years; it has further increased during the FY 2024-25; the Company has not provided adequate response to the matter.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundUnqualified Financial Statements. Compliant with IND AS. Governance Concern: High Trade Receivables for more than 7-years; it has further increased during the FY 2024-25; the Company has not provided adequate response to the matter.
    7 for4 against
  • Declaration of final dividend of INR 4 per equity share for the financial year ended March 31, 2025.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance Concern: Governance concern has been raised under Resolution #1; since dividend payment constitutes an appropriation of profits, it cannot proceed unless the financial statements are approved.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Sufficient funds available. Governance Concern: Governance concern has been raised under Resolution #1; since dividend payment constitutes an appropriation of profits, it cannot proceed unless the financial statements are approved.
    7 for4 against
  • Appointment of Mr. Amit Goela (DIN 01754804) as a director, liable to retire by rotation.
    11 for0 against
  • Appointment of Messers. M. Damodaran and Associates LLP, Practising Company Secretaries as the Secretarial Auditors of the Company.
    11 for0 against
  • Ratification of Remuneration payable to the Cost Auditor for the financial year 2024-25
    11 for0 against
6 earlier meetings

Mutual fund votes, meeting of 14 Aug 2024, 9 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Adoption of Financial Statementsna) To consider and adopt the audited standalone financialnstatements of VA TECH WABAG LIMITED (“thenCompany”) for the financial year ended March 31, 2024,ntogether with the reports of the Board of Directors of thenCompany and the Auditors thereon; andnb) To consider and adopt the audited consolidatednfinancial statements of VA TECH WABAG LIMITED (“thenCompany”) for the financial year ended March 31, 2024,ntogether with the report of the Auditors thereon.MoreLess
    8 for0 against
  • Appointment of Mr. S. Varadarajan (DIN:02353065)nas a Director, liable to retire by rotation
    8 for0 against
  • Re-appointment of Mr. Rajiv Mittal (DIN: 01299110)nas the Chairman and Managing Director ofnthe Company
    Against Groww Mutual Fund
    • Groww Mutual FundCompliant with law. Governance Concern: Holding position of Chairman and Managing Director.
    7 for1 against
  • Re-appointment of Mr. Amit Goela (DIN: 01754804)nas a Non – Executive Non - Independent Directornof the Company
    8 for0 against
  • Increase in the Borrowing limits of the Company
    1 for0 against
  • Increase in limits for creation of charges on thenassets of the Company
    Against Bajaj Finserv Mutual Fund, Groww Mutual Fund
    • Bajaj Finserv Mutual Fund, Groww Mutual FundCompliant with law. Governance Concern: Significant portion of existing borrowing limit is un-utilized. No disclosures regarding the existing non-fund-based borrowings.
    5 for2 against
11 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 3, as a fund house numbered it
    1 for0 against
  • Item 4, as a fund house numbered it
    1 for0 against
  • Item 5, as a fund house numbered it
    1 for0 against
  • Item 6, as a fund house numbered it
    1 for0 against
  • Item 7, as a fund house numbered it
    1 for0 against
  • 5) Approve remuneration of Rs. 500,000 payable to K. Suryanarayanan as cost auditor for FY24.
    1 for0 against
  • 7) Approve creation of charge/ mortgage/ hypothecation on the assets for borrowings upto Rs. 60.0 bn.
    1 for0 against
  • Ratification of remuneration of INR 5,00,000/- exclusive of applicable taxes and out of pocket expenses payable to Mr. K. Suryanarayanan, Practicing Cost Accountant, Chennai (Membership No. 24946) who was appointed by the Board of Directors of VA TECH WABAG LIMITED (the Company) to conduct the audit of the cost records maintained by the Company for the FY 2023 - 24.MoreLess
    7 for0 against
  • To borrow from time to time, as they may deem fit, any sum or sum of monies, which together with the monies already borrowed by the Company (apart from temporary loans obtained or to be obtained from the Company’s bankers in the ordinary course of business), may exceed the aggregate of paid-up capital and free reserves and securities premium of the Company that is to say, reserves not set apart for any specific purpose, provided that the total amount so borrowed, in the form of both fund based and non-fund based borrowing, shall not at any time exceed INR 6,000 Crores or the aggregate of the paid-up capital and free reserves and securities premium of the Company from time to time, whichever is higher.MoreLess
    Against Bajaj Finserv Mutual Fund, Groww Mutual Fund
    • Bajaj Finserv Mutual Fund, Groww Mutual FundCompliant with law. Governance Concern: Significant portion of existing borrowing limit is un-utilized. No disclosures regarding the existing non-fund-based borrowings.
    5 for2 against

Mutual fund votes, meeting of 30 Jan 2024, 7 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To approve adoption of ‘Wabag Centenary Stock Option Scheme 2023’
    Against Groww Mutual Fund, ITI Mutual Fund, Motilal Oswal Mutual Fund
    • Groww Mutual Fund, ITI Mutual Fund, Motilal Oswal Mutual FundNon-compliant with SEBI (SBEB & SE) Regulations, 2021: NRC discretion to determine Exercise Period other than the period disclosed in the explanatory statement.
    3 for3 against
  • To approve extension and grant of Centenary Stock Options to the Employees of Group company(ies) including Subsidiary company(ies) and/or Associate company(ies) of the Company under ‘Wabag Centenary Stock Option Scheme 2023’MoreLess
    Against Groww Mutual Fund, ITI Mutual Fund, Motilal Oswal Mutual Fund
    • Groww Mutual Fund, Motilal Oswal Mutual FundGovernance Concern: Scheme proposed to be extended to Associate Company(ies) without compelling reason.
    • ITI Mutual FundGovernance Concern: Scheme proposed to be extended to Associate Company(ies) without compelling reason. No justification with respect to the intention behind the extension to Associate companies
    3 for3 against
1 proposal not matched to one resolution
  • 1. To approve adoption of ‘Wabag Centenary Stock Option Scheme 2023 2. To approve extension and grant of Centenary Stock Options to the Employees of Group company (ies) including Subsidiary company (ies) and/or Associate company(ies) of the Company under ‘Wabag Centenary Stock Option Scheme 2023MoreLess
    1 for0 against

Mutual fund votes, meeting of 11 Aug 2023, 3 fund houses

  • Adoption of financial statements na) To consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2023, the reports of the Board of Directors and Auditors thereon; and nb) To consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2023 and the report of Auditors thereon.nMoreLess
    3 for0 against
  • Appointment of Mr. Amit Goela (DIN: 01754804) as a Director, liable to retire by rotation
    3 for0 against
  • Reappointment of M/s Sharp & Tannan (Firm Registration No. 003792S) as the Statutory Auditors of the Company and to fix their remuneration
    3 for0 against
  • Reappointment of Mr. Ranjit Singh (DIN: 01651357) as an Independent Directornn
    3 for0 against
  • Reappointment of Mrs. Vijaya Sampath (DIN: 00641110) as an Independent Director
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundNo concern on the merit of proposed appointee. Non-Compliance: Re-appointment is not in accordance with law, no prior shareholders’ approval obtained for re-appointment as an ID.
    2 for1 against
  • Reappointment of Mr. S. Varadarajan (DIN: 02353065) as a Whole Time Director & Chief Growth Officer of the Company
    3 for0 against
  • Ratification of the Remuneration of the Cost Auditor for the Financial Year 2022-23.
    3 for0 against

Mutual fund votes, meeting of 24 Aug 2022, 1 fund house

  • ORDINARY - Consider and adoptna) The Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2022, the reports of the Board of Directors and Auditors thereon .n b)The Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2022 and the report of Auditors thereon.MoreLess
    1 for0 against
  • Appointment Mr. S Varadarajan (DIN 02353065), as Director, who retires by rotation.
    1 for0 against
  • Re-Appointment of Mr. Milin Mehta (DIN 01297508) as an Independent Director
    1 for0 against
  • Ratification of the Remuneration of Cost Auditor for the Financial Year 2021-22
    1 for0 against

Mutual fund votes, meeting of 21 Jan 2022, 2 fund houses

  • To approve the request received from Mr. Shiv Narayan Saraf, Promoter, for re-classification from “Promoter and Promoter Group” category to “Public” category
    2 for0 against

Mutual fund votes, meeting of 25 Aug 2021, 2 fund houses

  • To consider and adopt a) The Audited Financial Statements of the Company for the Financial Year ended March 31, 2021, the reports of the Board of Directors and Auditors thereon; and b) The Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2021MoreLess
    2 for0 against
  • To appoint a Director in place of Mr. S Varadarajan (DIN: 02353065), who retires by rotation and being eligible, has offered himself for re- appointment
    2 for0 against
  • Appointment of Mr. Ranjit Singh (DIN:01651357) as an Independent Director
    2 for0 against
  • Appointment of Mr. Amit Goela (DIN:01754804) as a Non – Executive Non - Independent Director
    2 for0 against
  • Ratification of the Remuneration of Cost Auditor for the Financial Year 2020-21.
    2 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Fines, tax disputes and stakes in unlisted companies

Reported in the filing for the quarter to Jun 2026.

  • Unlisted stake boughtNORTH CHENNAI TRU WATER PRIVATE LIMITEDSince 1 Apr 2026

    100.00% bought in the quarter; holding 100.00%, from 0.00%

  • Fine or penaltyAssistant Commissioner, GST, RaipurSince 21 Apr 2026

    DRC 07 Under Section 73 of the GST Act

    Ineligible ITC availed
  • Fine or penaltyDeputy Commissioner, GST, NoidaSince 19 Jun 2026

    DRC 07 Under Section 74 of the GST Act

    Ineligible ITC availed
  • Tax disputeAssistant Commissioner of Income Tax, Chennai 3(2)Since 25 May 2018
    No change in status
    At the filing before: For AY 2009-10, the ACIT has challanged the deletion of certain disallowances made earlier by him by the Commissioner of Income Tax of total amounting to Rs.12.84 Crores. All the points raised by the revenue department were dismissed as per ITAT order dt 19-02-2025.MoreLess
  • Tax disputeAssistant Commissioner of Income Tax, Chennai 3(2)Since 19 Jun 2019
    No change in status
    At the filing before: For AY 2012-13, the ACIT has challanged the deletion of certain disallowances made earlier by him by the Commissioner of Income Tax - of total amounting to Rs. 50.22 Crores. ITAT Order dt 19-02-2025 received, determined some Income on us for Rs.1.49 Crores for which we have applealed to the HC and remanded back to AO for one matter for Rs.4 Crores which was again disallowed. We have gone for appeal before the AC, is being taken up with the AO. Rest all were decided in our favour.MoreLess
  • Tax disputeAssistant Commissioner of Income Tax, Chennai 3(2)Since 26 Aug 2024
    No change in status
    At the filing before: For AY 2017-18, the ACIT has challanged the deletion of certain disallowances made earlier by him by the Commissioner of Income Tax - of total amounting to Rs.3.03 Crores. All the points raised by the revenue department were dismissed as per ITAT order dt 24-02-2025.MoreLess
  • Tax disputeAssistant Commissioner of Income Tax, Chennai 3(2)Since 26 Aug 2024
    No change in status
    At the filing before: For AY 2018-19, the ACIT has challanged the deletion of certain disallowances made earlier by him by the Commissioner of Income Tax of total amounting to Rs.2.73 Crores. All the points raised by the revenue were dismissed as per ITAT order dt 24-02-2025.MoreLess
  • Tax disputeAssistant Commissioner of Income Tax, Chennai 3(2)Since 26 Aug 2024
    No change in status
    At the filing before: For AY 2020-21, the ACIT has challanged the deletion of certain disallowances made earlier by him by the Commissioner of Income Tax of total amounting to Rs.1.96 Crores. All the points raised by the revenue department were dismissed as per ITAT order dt 24-02-2025.MoreLess
21 more
  • Tax disputeAssistant Commissioner of Income Tax, Chennai 3(2)Since 26 Aug 2024
    No change in status
    At the filing before: For AY 2017-18, Wabag has challanged the disallowances made by the Commissioner of Income Tax (Appeals) total amounting to Rs.6.15 Crores. All the points raised by the revenue department were dismissed as per ITAT order dt 24-02-2025.MoreLess
  • Tax disputeAssistant Commissioner of Income Tax, Chennai 3(2)Since 26 Aug 2024
    No change in status
    At the filing before: For AY 2018-19, Wabag has challanged the disallowances made by the Commissioner of Income Tax (Appeals) total amounting to Rs. 0.67 Crores. All the points raised by the revenue department were dismissed as per ITAT order dt 24-02-2025.MoreLess
  • Tax disputeAssistant Commissioner of Income Tax, Chennai 3(2)Since 26 Aug 2024
    No change in status
    At the filing before: For AY 2020-21, Wabag has challanged the denial of foreign tax credit by the Commissioner of Income Tax (Appeals) total amounting to Rs.5.12 Crores.
  • Tax disputeAssistant Commissioner of Income Tax, Chennai 3(2)Since 28 Jan 2023
    No change in status
    At the filing before: For AY 2021-22, Wabag has challanged the disallowances made by the Assessing Officer before the Commissioner of Income Tax (Appeals) total amounting to Rs.3.19 Crores.
  • Tax disputeAssistant Commissioner of Income Tax, Chennai 3(2)Since 16 Apr 2024
    No change in status
    At the filing before: For AY 2022-23, Wabag has challanged the disallowances made by the Assessing Officer before the Commissioner of Income Tax (Appeals) total amounting to Rs. 11.82 Crores. Yet to be called for hearing.
  • Tax disputeAssistant Commissioner of Income Tax, Chennai 3(2) / Deputy Commissioner of Income Tax, Chennai 3(2)Since 9 Jan 2024
    No change in status
    At the filing before: Appeal filed by Wabag in the High Court of Madras for certain matters either remanded to Assessing Officr or disallowedby the Income Tax Appellate Tribunal for AY 2010-11 & 2011-12, total amounting to Rs.101.77 Crores.MoreLess
  • Tax disputeCommissioner of Income Tax (Appeal), ChennaiSince 4 Apr 2025
    No change in status
    At the filing before: Appeal filed by Wabag in CIT(A) for the matters disallowed by AO for AY 2010-11 & AY 2011-12, total amount to Rs. 2.67 Crores. Yet to be called for hearing.
  • Tax disputeAssistant Commissioner of Income Tax, Chennai 3(2) / Deputy Commissioner of Income Tax, Chennai 3(2)Since 17 Jun 2025
    No change in status
    At the filing before: AY 2016-17 - Penalty u/s 271(1)(c ) on Disallowance U/s 35AC claim of Rs.0.77 Crores. Hearing is still to be posted
  • Tax disputeAssistant Commissioner of Income Tax, Chennai 3(2) / Deputy Commissioner of Income Tax, Chennai 3(2)Since 17 Jun 2025
    No change in status
    At the filing before: AY 2018-19 - Penalty u/s 274 r.w.s 270A (1) r.w.s 270A (2) on 1. Long term capital gain on sale of Investment - Rs.2.16 Crores. 2. Interest on Income Tax Refund - Rs.2.19 Crores. 3. Disallowance of 80G claim of Rs.0.04 Crores. Total Amounting to Rs.4.40 Crores. Hearing is still to be postedMoreLess
  • Tax disputeAssistant Commissioner of Income Tax, Chennai 3(2) / Deputy Commissioner of Income Tax, Chennai 3(2)Since 17 Jun 2025
    No change in status
    At the filing before: AY 2020-21 - Penalty u/s 270A (3) on Disallowance of Employee contribution of PF claim of Rs. 0.36 Crores. Hearing is still to be posted.
  • Tax disputeAssistant Commissioner of Income Tax, Chennai 3(2) / Deputy Commissioner of Income Tax, Chennai 3(2)Since 4 Aug 2025
    No change in status
    At the filing before: AY 2016-17 - Demand Notice u/s 156 1. Disallowance of Consulting & Marketing fee - Rs.2.32 Crores. Hearing is still to be posted.
  • Tax disputeAssistant Commissioner of Income Tax, Chennai 3(2) / Deputy Commissioner of Income Tax, Chennai 3(2)Since 4 Aug 2025
    No change in status
    At the filing before: AY 2015-16 - Demand Notice u/s 156 1. Disallowance of Consulting & Marketing fee - Rs.2.56 Crores.Hearing is still to be posted.
  • Tax disputeAssistant Commissioner of Income Tax, Chennai 3(2) / Deputy Commissioner of Income Tax, Chennai 3(2)Since 4 Aug 2025
    No change in status
    At the filing before: AY 2014-15 - Demand Notice u/s 156 1. Disallowance of Consulting & Marketing fee - Rs.8.07 Crores.Hearing is still to be posted.
  • Tax disputeAssistant Commissioner of Income Tax, Chennai 3(2) / Deputy Commissioner of Income Tax, Chennai 3(2)Since 4 Aug 2025
    No change in status
    At the filing before: AY 2013-14 - Demand Notice u/s 156 1. Disallowance of Consultant & Marketing fee - Rs.7.98 Crores.Hearing is still to be posted.
  • Tax disputeAssistant Commissioner of Income Tax, Chennai 3(2) / Deputy Commissioner of Income Tax, Chennai 3(2)Since 4 Aug 2025
    No change in status
    At the filing before: AY 2012-13 - Demand Notice u/s 156 1. Disallowance of Consultant & Marketing fee - Rs.4 Crores. 2. Disallowance u/s 14A - Rs 18,983/-.Hearing is still to be posted.
  • Tax disputeAssistant Commissioner of Income Tax, Chennai 3(2) / Deputy Commissioner of Income Tax, Chennai 3(2)Since 24 Feb 2025
    No change in status
    At the filing before: Combined order for AY 2017-18, 2018-19 & 2020-21, Department challenged the recall of the order with regard to allowing the payment for Consultant & Marketing Fee.
  • Tax disputeAssistant Commissioner of Income Tax, Chennai 3(2) / Deputy Commissioner of Income Tax, Chennai 3(2)Since 15 Apr 2025
    No change in status
    At the filing before: AY 2023-24 - Appeal filed against the order of ACIT for the adjustment in Income as decided by TPO amounting to Rs.6.15 Crs
  • Tax disputeDeputy Commissioner (Appeals) - RajkotSince 4 Oct 2020
    Draft order quashing the demand is approved by the authority. Awaiting issuance of the Orders.
    At the filing before: Assisstant Commissioner Gujarat VAT passed exparte order for FY 2016-17. Notice for hearing was not served properly. This resulted in the demand of Rs. 6.72 Crores (inclusive of Penalty). The Company has challenged the order before the Deputy Commissioner Appeals Rajkot.MoreLess
  • Tax disputeDeputy Commissioner (Appeals) - RajkotSince 4 Oct 2020
    Draft order quashing the demand is approved by the authority. Awaiting issuance of the Orders.
    At the filing before: Assisstant Commissioner Gujarat VAT passed exparte order for FY2016-17 CST case. Notice for hearing was not served properly. This resulted in the raised demand of Rs. 9.94 Crores (inclusive of Penalty). The Company has challenged the order before the Deputy Commissioner Appeals Rajkot.MoreLess
  • Tax disputeDeputy Commissioner - Appeals - OdishaSince 25 Apr 2019
    Draft order quashing the demand is approved by the authority. Awaiting issuance of the Orders.
    At the filing before: Assisstant Commissioner Odisha VAT passed exparte order for FY2016-17 & Q1 FY2017-18. Notice for hearing was not served properly. This resulted in the raised demand of Rs. 8.86 Crores (inclusive of Penalty). The Company has challenged the order before the Deputy Commissioner Appeals, Bhubaneshwar and is awaiting the notice for hearing.MoreLess
  • Tax disputeSenior Joint commissioner -Appeals -West BengalSince 19 Oct 2024
    Draft order quashing the demand is approved by the authority. Awaiting issuance of the Orders.
    At the filing before: The subsidary of our company , Ganga STP Project Private Limited, received favourable orders from the appellate authority quashing GST demand of Rs. 73.37 Crores disputed in respect of 4 years.Rectification petition for the balance tax demand of Rs.13.77 Crores before the Appellate Authority for rectification was quashed by the authority. Company has preferred a writ petition in Hon'ble Calcutta High Court challenging the orders passed by Appellete Authority and the writ petition is yet to be listed in Hon'ble Calcutta High Court.MoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 1 complaint open, quarter to Dec 2025.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
Yes
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.