VA Tech Wabag Limited has executed a Shareholders Agreement (SHA) on April 09, 2026, with its joint venture partners, PEAK Sustainability Venture Fund I and PEAK Sustainability Partners LLP. This agreement pertains to the "GHAZIABAD BIOENERGY PRIVATE LIMITED" entity, established as a joint venture to execute a Compressed Bio-Gas (CBG) project on a Build-Operate-Transfer (BOT) basis at Dundaheda, Ghaziabad, Uttar Pradesh. The SHA outlines the terms governing the relationship between the parties, including the management and control of the Special Purpose Vehicle (SPV). Under the agreement, VA Tech Wabag Limited and PEAK Sustainability Partners LLP will have equal economic interest of up to 50% each in the SPV. Initially, VA Tech Wabag Limited holds 5,100 equity shares, and PEAK Sustainability Partners LLP holds 4,900 equity shares, each of ₹10 face value. The SHA includes significant terms such as the right to appoint directors proportionally, a lock-in period of three years for shareholding, and restrictions on share transfers without prior written consent, including a right of first refusal. WABAG and PEAK will maintain the same proportion of Nominee Directors on the SPV's Board at all times. The company has confirmed that there is no conflict of interest arising from this SHA, as it falls within the ordinary course of business, with the exception of the Nominee Director appointed by WABAG to the SPV's Board.
