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.

Analysis Scores

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