VA Tech Wabag Appoints Samaresh Parida as Non-Executive Independent Director

VA Tech Wabag Appoints Samaresh Parida as Non-Executive Independent Director​

VA Tech Wabag Ltd has appointed Mr. Samaresh Parida as an Additional Director in the capacity of a Non-Executive Independent Director. The appointment, which was approved by the Board of Directors on June 26, 2026, is effective immediately and is set for a tenure of three years.

Mr. Parida's appointment is subject to approval by the Members of the Company at the ensuing 31st Annual General Meeting (AGM), which is scheduled to be held on August 12, 2026.

The company's Board meeting, which took place on Friday, June 26, 2026, considered and approved the nomination based on the recommendation of its Nomination and Remuneration Committee.

Experienced Leader Appointed to VA Tech Wabag​

Mr. Samaresh Parida brings over 40 years of global experience across finance, governance, strategy, M&A, and business transformation. As a seasoned professional holding an MBA from Indian Institute of Management, Ahmedabad, Mr. Parida is a Chartered Accountant and Cost Accountant. His expertise spans various sectors including Banking, Telecom, FMCG, Automotive, Manufacturing, and Technology in India, the USA, Latin America, and Russia.

Key professional experience includes:

• IDBI Bank Limited: He served as an Independent Director (including Chairman of the Audit Committee) from August 13, 2018, to May 18, 2026.
• Carlsberg India Limited: Since May 04, 2026, he is serving as an Independent Director and Audit Committee Chairman in this Danish MNC, focusing on strategic growth, governance, and compliance during their IPO journey.
• Shaily Engineering Plastics Limited: He has served as an Independent Director and Audit Committee Chairman since August 27, 2022, contributing to strategy enhancement and leadership mentoring.
• Sudeep Pharma Limited: Since October 26, 2024, he has been serving as an Independent Director (Chairman of the Audit Committee), advising on governance and strategy alongside the IPO and listing process.

Prior Leadership Roles​

Prior to his current advisory roles, Mr. Parida held several senior executive positions globally. His leadership background includes:

• Executive Director - Strategy at Vodafone Group.
• CFO & Finance Director for Global Strategic Initiatives at PepsiCo in New York.
• CFO for the LCV Business India at Toyota Motor Corporation.
• Management Consultant with Accenture.

Mr. Parida currently advises clients across Telecom, FMCG, Technology, Manufacturing, and Pharmaceuticals within India, the USA, and the UK. Furthermore, he is not related to any of the Promoters or Directors of VA Tech Wabag Ltd, and he is not debarred from holding a directorship by any regulatory body.

WABAG Stock Price Movement​

VA Tech Wabag Limited shares edged up on Thursday, settling at ₹2110.8 after gaining 0.30%, buoyed by a gain of ₹6.40 per share. The stock saw significant buying interest as it reached a high of ₹2188, trading 973,817 shares and nearly touching its annual high.