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VA Tech Wabag Limited — Capital/Financing Update 2020
May 1, 2020
62666_rns_2020-05-01_074e7b8e-55d6-4aa7-b369-9f3573524849.pdf
Capital/Financing Update
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______________ An ISO 9001 Company
1[st] May 2020
National Stock Exchange of India Limited, Plot No C/1, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai – 400051.
BSE Limited, Floor 25, PJ Towers, Dalal Street, Mumbai – 400001.
NSE Symbol : WABAG BSE Scrip Code : 533269 Dear Sir/ Madam,
Sub: Intimation of Incorporation of a Subsidiary in India
Ref: Company Press Release Communication dated 23[rd] July 2019
With reference to the captioned subject and in connection with the above referred press release dated 23[rd] July 2019 regarding order secured by VA TECH WABAG LIMITED (‘the Company’ or ‘WABAG’) from Bihar Urban Infrastructure Development Corporation (BUIDCO) under National Mission for Clean Ganga (NMCG) to develop STP along with Sewage network and associated infrastructure facilities in Digha and Kankarbagh zones of Patna, Bihar, we would like to inform you that, a Private Company under the name of ‘ DIGHA STP PROJECTS PRIVATE LIMITED’ has been incorporated by the Company in Tamil Nadu, India, under the provisions of the Companies Act, 2013 vide Certificate of Incorporation issued by the Ministry of Corporate Affairs, India on 30[th ] April 2020.
The details required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is given in “Annexure A” to this letter.
Kindly take note of the above.
Thanking You, Yours faithfully,
For VA TECH WABAG LIMITED
RAMANAN Digitally signed by RAMANAN SWAMINATHA SWAMINATHAN N Date: 2020.05.01 23:34:09 +05'30' R Swaminathan Company Secretary & Compliance Officer M.No. A17696
Encl. As above
Sustainable solutions, for a better life
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VA TECH WABAG LIMITED Board : +91- 44 - 6123 2323 CIN: L45205TN1995PLC030231 : +91- 44 - 4223 2323 “WABAG HOUSE”, Fax : : +91- 44 - 6123 2324 No.17, 200 Feet Thoraipakkam-Pallavaram Main Road, Email : [email protected] Sunnambu Kolathur, Chennai 600 117, India. Web : www.wabag.com
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______________ An ISO 9001 Company
Annexure - A
| Sl. No | Particulars | Details |
|---|---|---|
| 1 | Name of target entity, details in brief such as size, turnover, etc. |
DIGHA STP PROJECTS PRIVATE LIMITED Paid Up capital l- INR 1,00,000/- Turnover- Nil(New Company) |
| 2 | Whether the acquisition would fall within related party transaction(s) and whether the promoter/promoter group/group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length” |
NA |
| 3 | Industry to which the entity being acquired belongs |
Infrastructure sector – Construction of Water / Wastewater Treatment Plants |
| 4 | Objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity) |
Incorporated as a New Company to carry out the sewage treatment plants in Digha and Kankarbagh zones of Patna, Bihar including operation and maintenance and to carry out all associated infrastructure facilities, under Hybrid Annuity Model, in connection with the project agreement signed between National Mission for Clean Ganga (NMCG), Bihar Urban Infrastructure Development Corporation Ltd (BUIDCO) and WABAG SPV viz., DK Sewage Project Private Ltd (DKSPPL). |
| 5 | Brief details of any governmental or regulatory approvals required for the acquisition |
NA |
| 6 | Indicative time period for completion of the acquisition |
N.A. |
| 7 | Nature of consideration -whether cash consideration or share swap and details of the same |
Cash |
| 8 | Cost of acquisition of the price at which the shares are acquired |
INR 1,00,000 (Paid Up capital for incorporation) |
| 9 | Percentage of shareholding/control acquired and / or number of shares acquired |
The New Company incorporated with an initial capital of INR 1,00,000 (One Lakh) divided into 10,000 (Ten Thousand) equity shares of Rs.10/- each. 99.99% of the capital held by VA TECH WABAG LIMITED(“the Company”) (9,999 equityshares)and |
Sustainable solutions, for a better life
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VA TECH WABAG LIMITED Board : +91- 44 - 6123 2323 CIN: L45205TN1995PLC030231 : +91- 44 - 4223 2323 “WABAG HOUSE”, Fax : : +91- 44 - 6123 2324 No.17, 200 Feet Thoraipakkam-Pallavaram Main Road, Email : [email protected] Sunnambu Kolathur, Chennai 600 117, India. Web : www.wabag.com
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An ISO 9001 Company
| An ISO 9001 Company | ||
|---|---|---|
| remaining 0.01% (1 equity share) held by a Nominee Subscriber |
||
| 10 | Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (In brief) |
Ministry of Corporate Affairs has accorded its approval for Incorporation of the new Company viz, DIGHA STP PROJECTS PRIVATE LIMITED (CIN: U41000TN2020PTC135253) in the State of Tamil Nadu vide its Certificate of Incorporation dt. 30thApril 2020. This newly incorporated entity will also be a Wholly Owned Subsidiary of the Company in Tamil Nadu, India in addition to DKSPPL formed earlier for thisproject. |
Sustainable solutions, for a better life
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VA TECH WABAG LIMITED Board : +91- 44 - 6123 2323 CIN: L45205TN1995PLC030231 : +91- 44 - 4223 2323 “WABAG HOUSE”, Fax : : +91- 44 - 6123 2324 No.17, 200 Feet Thoraipakkam-Pallavaram Main Road, Email : [email protected] Sunnambu Kolathur, Chennai 600 117, India. Web : www.wabag.com