BSECompany Update1d ago · 19 Oct 2026, 09:09 pm
Pursuant to Regulation 30 read with Para B of Part A of Schedule III of the SEBI Listing Regulations, the details of initiation of material litigation(s) or dispute(s) are enclosed as 'Annexure A' in accordance with SEBI Master Circular No. O/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Sterling and Wilson Renewable Energy Ltd · 542760
✦ AI Summary▼ NegativeLitigation
Sterling and Wilson Renewable Energy Ltd has disclosed initiation of material litigation in South Africa, involving a claim of approximately INR 25.50 Crore against Credit Guarantee Insurance Corporation of Africa Limited and others.
Analysis Scores
Earnings Impact2/10
Growth Catalyst1/10
Governance Concern3/10
Regulatory Risk6/10
Balance Sheet Risk2/10
Liquidity Impact5/10
Market Sentiment2/10
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Sterling and Wilson Renewable Energy Ltd - 542760 - Disclosure Under Regulation 30 Read With Para B Of Part A Of Schedule III Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations)
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October 19, 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 under Regulation 30 read with Para B of Part A of Schedule III of the
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI
Listing Regulations”)
Dear Sir/ Ma’am,
Pursuant to Regulation 30 read with Para B of Part A of Schedule III of the SEBI Listing
Regulations, the details of initiation of material litigation(s) or dispute(s) are enclosed as
‘Annexure A’ in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-
POD2/I/3762/2026 dated January 30, 2026.
Kindly take the same on record.
Yours faithfully,
For Sterling and Wilson Renewable Energy Limited
Jagannadha Rao Ch. V.
Company Secretary and Compliance Officer
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
Annexure A
Sr. Particulars Details
1 Name of the Claimant Sterling and Wilson Engineering (Pty) Ltd
(“SWEPL”), step-down subsidiary of the
Company
2 Name(s) of the Opposing party Credit Guarantee Insurance Corporation of
Africa Limited (“Respondent 1”)
Old Mutual Alternative Risk Transfer
Insure Limited (“Respondent 2”)
Lead Engineering and Projects (Pty) Ltd
(in Liquidation) (“Respondent 3”)
3 Court / Tribunal/ Agency where litigation is High Court of South Africa, Gauteng
filed Local Division, Johannesburg
4 Brief details of dispute/ litigation SWEPL appointed Respondent 3 as a
sub-contractor in connection with
Doornhoek and Zondereinde Project in
South Africa. Respondent 3 went into
liquidation, consequently SWEPL
invoked the insurance bonds (advance,
performance and retention bonds)
aggregating to approx. INR 25.50 Crore
issued by Respondent 1 & 2 on behalf of
Respondent 3. Respondent 1 & 2 failed
to make the payment pursuant to the said
invocation. SWEPL filed a Notice of
Motion before the High Court of South
Africa, Gauteng Local Division,
Johannesburg.
5 Expected financial implications, if any, due Nil
to compensation, penalty etc.
6 Quantum of claims, if any Approx. INR 25.50 Crore (Rupees
Twenty Five Crore Fifty Lacs)
7 Reason for delay in filing the disclosure Notice of Motion was filed before the
Court on August 25, 2026. After the
Notice of Motion was taken into
cognizance by the Court, the Company
was notified on Friday evening, October
16, 2026.
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