VA Tech Wabag Limited

VA Tech Wabag Limited

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.

VA Tech Wabag Limited

VA Tech Wabag Limited announced the allotment of 39,113 new equity shares following the exercise of stock options. The company's Board of Directors approved this issuance, with each share having a face value of INR 2. These shares were granted to eligible employees under the "WABAG Centenary Stock Option Scheme 2023." For investors, this signifies an increase in the company's outstanding shares, reflecting employee participation and alignment with company performance.

VA Tech Wabag Limited

VA Tech Wabag Limited announced it has received a GST order dated June 19, 2026, from the Principal Commissioner of Central Tax, Bengaluru. The order rejects the company's rectification application, which sought to correct errors in a prior GST assessment for the financial year 2019-20 under Section 73 of the CGST Act. While the original demand order was passed with applicable interest, specific financial figures for the demand or penalties were not disclosed in this intimation. For investors, this means the company's attempt to remedy a previous GST assessment has been denied, implying the original tax liability, along with any associated interest or penalties, likely stands, with its full financial impact currently unquantified.

VA Tech Wabag Limited

VA Tech Wabag Limited (WABAG) has announced securing a new and significant order/contract. The company will undertake a 'Mega' Seawater Reverse Osmosis (SWRO) Project in Kuwait, marking new ground for WABAG in the region. While specific financial details of the contract were not disclosed in this announcement, the "Mega" designation implies a large-scale project. This order is significant for investors as it indicates business expansion into a new geography and a potential boost to the company's order book and future revenue.