Action(s) taken or orders passed

VA Tech Wabag Limited has announced the receipt of a favourable rectification order from GST authorities. This order pertains to a previous GST demand of INR 43,73,666 for the financial year 2019-20, related to an alleged excess Input Tax Credit (ITC) claim. The rectification effectively resolves this outstanding tax liability in the company's favour. This is a positive development for investors, as it nullifies a previously disclosed financial obligation, thereby improving the company's financial outlook.