NSEAction(s) initiated or orders passed4h ago · 22 Sept 2026, 12:26 pm
Action(s) initiated or orders passed
Sterling and Wilson Renewable Energy Limited · SWSOLAR
✦ AI SummaryRegulatory
Sterling and Wilson Renewable Energy Limited has received an order from the Additional Commissioner, CGST, Jaipur, Rajasthan, demanding a tax and penalty of approximately INR 27.72 Crore plus interest for the period November 2020 to November 2021, which the company is evaluating and deciding the future course of action.
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Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment4/10
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Sterling and Wilson Renewable Energy Limited has informed the Exchange about order issued by Additional Commissioner, CGST, Jaipur, Rajasthan
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SWSOLAR_22092026122426_Reg30Disclosure_signed.pdf
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September 22, 2026
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers Exchange Plaza
Dalal Street Bandra Kurla Complex
Mumbai – 400 001 Bandra (East), Mumbai – 400 051
Scrip Code: 542760 Symbol: SWSOLAR
Sub.: Disclosure of information under Regulation 30 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”)
Ref.: SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/25 dated February 25, 2025
Dear Sir/ Ma’am
Pursuant to Regulation 30 of the SEBI Listing Regulations, we wish to inform you that an order has
been issued by Additional Commissioner, CGST, Jaipur, Rajasthan towards alleged shortfall of taxes
for the period November 2020 to November 2021 and demanded tax and penalty aggregating to ~ INR
27.72 Crore plus applicable interest.
The company is in the process of evaluating the order and deciding the future course of action.
In respect of the captioned matter, I, the undersigned, state and declare that the information and details
provided in Form A, in compliance with Regulation 30(13) of the Securities and Exchange Board of
India (Listing Obligations and Disclosure Requirements) Regulations, 2015, is true, correct and
complete to the best of my knowledge and belief.
Kindly take the same on record.
Yours faithfully,
For Sterling and Wilson Renewable Energy Limited
Ajit Pratap Singh
Chief Financial Officer
Date: September 22, 2026
Place: Mumbai
Email ID: ir@sterlingwilson.com
Encl: As above
Sterling and Wilson Renewable Energy Limited
Regd. Office: Universal Majestic, 9th Floor, P. L. Lokhande Marg, Chembur (W), Mumbai - 400043
Phone: (91-22) 25485300 | Fax: (91-22) 25485331 | CIN: L74999MH2017PLC292281
Email: info@sterlingwilson.com | Website: www.sterlingandwilsonre.com
Form A
Disclosure by Sterling and Wilson Renewable Energy Limited regarding receipt of
communication from regulatory, statutory, enforcement or judicial authority under the
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015
Sr. Particulars Details
1 Name of the listed company Sterling and Wilson Renewable Energy Limited
(“the Company”)
2 Type of communication received Order dated September 21, 2026
3 Date of receipt of communication September 21, 2026
4 Authority from whom communication Additional Commissioner, CGST, Jaipur,
received Rajasthan (“GST authorities”)
5 Brief summary of the material contents Order has been issued by GST authorities towards
of the communication received, alleged shortfall of taxes amounting to ~ INR
including reasons for receipt of the 13.86 Crore and penalty of ~ INR 13.86 Crore plus
communication applicable interest
6 Period for which communication would November 2020 to November 2021
be applicable, if stated
7 Expected financial implications on the There is no material impact on the operations of
listed company, if any the Company, as the substantial portion of the
demand is covered under the indemnity agreement
executed between the Promoters and the
Company.
8 Details of any aberrations/ non- Nil
compliances identified by the authority
in the communication
9 Details of any penalty or restriction or As stated in Sr. No 5 above
sanction imposed pursuant to the
communication
10 Action(s) taken by listed company with The Company is in the process of evaluating the
respect to the communication Order
11 Any other relevant information -
Sterling and Wilson Renewable Energy Limited
Regd. Office: Universal Majestic, 9th Floor, P. L. Lokhande Marg, Chembur (W), Mumbai - 400043
Phone: (91-22) 25485300 | Fax: (91-22) 25485331 | CIN: L74999MH2017PLC292281
Email: info@sterlingwilson.com | Website: www.sterlingandwilsonre.com