VA Tech Wabag Executes Shareholders Agreement for Ghaziabad Bioenergy Project
VA Tech Wabag Limited announced the execution of a Shareholders Agreement concerning its venture into the Compressed Bio-Gas (CBG) project at Dundaheda, Ghaziabad, Uttar Pradesh. The agreement was executed on April 09, 2026.The Shareholders Agreement (SHA) was entered into among VA Tech Wabag Limited (WABAG), PEAK Sustainability Venture Fund I, PEAK Sustainability Partners LLP (collectively referred to as 'JV partners' or 'PEAK'), and GHAZIABAD BIOENERGY PRIVATE LIMITED (SPV). This follows an earlier intimation on February 16, 2026, regarding the incorporation of the SPV for the Build-Operate-Transfer (BOT) basis CBG project.
Key Details of the Shareholders Agreement
The agreement details the governing terms of the relationship among the parties with the SPV, including management and control aspects.The initial shareholding in the SPV at the time of incorporation is detailed as follows:
| Party | Number of Equity Shares | Face Value per Share |
|---|---|---|
| VA TECH WABAG LIMITED | 5100 | INR 10/- |
| PEAK SUSTAINABILITY PARTNERS LLP | 4900 | INR 10/- |
Significant terms outlined in the agreement include:
- WABAG and PEAK will maintain the same proportion of Nominee Directors on the Board of the SPV at all times.
- There is a lock-in period of three years for the shareholding in the SPV.
- Restrictions apply to the transfer of Shares without the prior written consent of the Parties, along with encumbrances including the right of first refusal.
Regarding share investment, WABAG and PEAK, directly or through affiliates, agreed to invest in the SPV with an economic interest of up to 50% each.
The purpose of the agreement is setting out the terms governing the relationship among the parties with the SPV, including management and control of the SPV. The parties confirmed that there is no conflict of interest arising out of the SHA, except for the Nominee Director appointed by WABAG on the Board of the SPV.
WABAG Stock Price Movement
VA Tech Wabag Limited shares today slipped by 0.81% to settle at ₹1320.1. The equity found buyers and sellers active throughout the session, recording a total volume of 223,669 shares.Source:
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