Darco Water Technologies Limited Announces Further Extension of Proposed Acquisition Timeline

Key Highlights

• Darco Water Technologies Limited (“Darco” or the “Company”) has announced a further extension to the completion date for the acquisition of 49% of Darco InfraCo Vietnam Water Pte. Ltd. (“Target”).
• The new mutually agreed deadline for the completion of Tranche A is now set for 21 April 2026.
• This marks an additional delay, as previously announced deadlines have also been extended.
• The extension was agreed upon by both Darco Water Technologies Limited and InfraCo VietAqua Pte. Ltd., the counterparty to the transaction.
• All other terms and provisions of the Sale and Purchase Agreement (SPA) remain unchanged.

Details of the Transaction and Extension

The Company has been in the process of acquiring a significant minority stake (49%) in Darco InfraCo Vietnam Water Pte. Ltd. This acquisition is considered a strategic move in expanding Darco’s footprint in the Vietnamese water infrastructure sector.

According to the latest corporate announcement, the parties have mutually agreed in writing on 1 April 2026 to extend the Tranche A Completion Date from its previous deadline to 21 April 2026. The extension is required as more time is necessary for the execution and completion of the transaction. No changes have been made to other provisions in the SPA, and the Company advises stakeholders to refer to previous announcements for background and additional details.

Important Information for Shareholders

• Uncertainty Remains: It is important for shareholders and potential investors to note that there is no certainty or assurance at this stage that the Proposed Acquisition will be completed. The SPA is subject to several conditions that may or may not be fulfilled.
• Potential Share Price Impact: The successful completion (or not) of the acquisition could have a material impact on Darco’s strategic position and future earnings, especially given the expansion into the Vietnam water sector. Delays or failure to complete the transaction may be regarded as a setback by the market.
• Independence of Directors and Substantial Shareholders: Other than through their shareholdings in Darco Water Technologies Limited, none of the Directors or substantial shareholders have any direct or indirect interest in the Proposed Acquisition.

Cautionary Statement

The Company has issued a strong caution to shareholders and potential investors. Given the uncertainty surrounding the completion of the Proposed Acquisition, stakeholders are advised to exercise caution when dealing in the securities of the Company. They should refrain from taking any action in respect of their shares that could be prejudicial to their interests until further updates are announced.

If shareholders or potential investors are in doubt about the actions they should take, they are strongly encouraged to consult their stockbrokers, bank managers, solicitors, or other professional advisers.

Conclusion

This further extension in the timeline for the completion of the Proposed Acquisition is a significant development for Darco Water Technologies Limited and could be a price-sensitive event. Investors should monitor the situation closely for further updates and be aware of the potential implications for the Company’s growth strategy and share value.

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Investors are advised to conduct their own due diligence and consult with professional advisers before making investment decisions related to Darco Water Technologies Limited.

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