Sterling & Wilson Renewable Energy announced its audited standalone and consolidated financial results for FY26, achieving record annual revenue while exceptional items impacted overall profitability. The company released its official press release on April 23, 2026, under Regulation 30 of SEBI Listing Regulations, with newspaper publication following on April 25, 2026, under Regulation 47.

Record Financial Performance with Exceptional Items Impact

The company delivered its highest-ever annual turnover of ₹7,548.05 crore on a consolidated basis, marking approximately 19.78% year-on-year growth from ₹6,301.86 crore in FY25. The fourth quarter of FY26 achieved revenue from operations of ₹1,945.61 crore on a consolidated basis. However, exceptional items significantly impacted the annual financial results, leading to a consolidated net loss of ₹295.79 crore for FY26, compared to a net profit of ₹85.55 crore in FY25. Q4 recorded a net profit of ₹141.59 crore after exceptional items.

Operational Excellence and Execution Milestones

FY26 marked a transformative period with the company achieving its highest-ever execution milestone by commissioning approximately 4.50 GW AC capacity across projects in India and international markets. Operational EBITDA increased 53.00% year-on-year to ₹444.00 crore, while gross margins expanded to 10.50% from 10.10% in FY25, reflecting operational efficiency gains. The O&M portfolio grew 50% year-on-year to 13.50 GW from approximately 8.70 GW.

Strong Order Book Growth and Future Pipeline

The company secured robust order inflow of ₹10,062.00 crore in FY26, representing 43.00% year-on-year growth across 12 projects won during the year. The Unexecuted Order Value (UOV) reached ₹11,813.00 crore, the highest since the COVID period, providing strong revenue visibility for future periods. Sterling and Wilson Renewable Energy has been declared L1 bidder for a 1,182 MWdc turnkey project from Coal India and secured a BOS order for a 50 MWdc project from a leading Indian IPP.

Regulatory Compliance and Board Approval

The Board of Directors approved the audited standalone and consolidated financial results at their meeting held on April 23, 2026, following recommendation from the Audit Committee. The Statutory Auditors, Kalyaniwalla & Mistry LLP and Deloitte Haskins & Sells LLP, provided an unmodified audit opinion. The company conducted an investors/analysts conference call on April 24, 2026, at 10:00 a.m. (IST), with the audio recording available on the company's website. Newspaper publication of the audited financial results was completed on April 25, 2026, under Regulation 30 read with Regulation 47 of SEBI Listing Regulations.

Sterling & Wilson Renewable Energy Limited has announced the appointment of Mr. Ajit D Nair as Internal Auditor, effective April 23, 2026. The appointment was approved by the Board of Directors at its meeting held on April 23, 2026, based on the recommendation of the Audit Committee.

Regulatory Compliance

The appointment has been made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has formally notified both BSE Limited and National Stock Exchange of India Limited about this key managerial appointment through official regulatory filings. The notification was signed by Jagannadha Rao Ch. V., Company Secretary and Compliance Officer, and submitted in accordance with SEBI Master Circular requirements.

Appointment Details

Professional Background

Mr. Ajit D Nair brings significant expertise to his new role with 33 years of extensive experience as an Internal Audit professional. His career spans overseeing risk management, financial control, and operational audits across diverse sectors. He possesses expertise in strategic audit planning, compliance, and internal controls designed to drive operational excellence, mitigate risks, and enhance corporate governance.

Key Expertise Areas

Mr. Nair's professional focus includes:

• Strategic audit planning and execution
• Risk management and mitigation strategies
• Financial control and operational audits
• Compliance and regulatory adherence
• Internal control framework optimization
• Corporate governance enhancement

The appointee is passionate about delivering actionable insights, fostering a culture of transparency, and optimizing internal audit frameworks to support organizational growth and regulatory adherence. The company has confirmed that the Internal Auditor is not related to any Director of the Company, ensuring independence in the audit function.

Corporate Governance Impact

This appointment reinforces Sterling and Wilson Renewable Energy Limited's commitment to maintaining robust internal control systems and corporate governance standards. The addition of an experienced internal audit professional is expected to strengthen the company's risk management capabilities and ensure continued compliance with regulatory requirements. The formal regulatory filing demonstrates the company's adherence to transparency and disclosure norms under SEBI regulations.