Promoters of Sterling & Wilson Renewable Energy have encumbered their entire shareholding, amounting to 1,62,01,291 equity shares or 6.94% of the total paid-up equity capital, for the financial year ended March 31, 2026. The disclosure, submitted by Shapoorji Pallonji and Company Private Limited, confirms that all shares held by the promoters were encumbered directly or indirectly during FY26. This development is significant as it indicates the promoters have pledged their entire stake, which could impact the company's stock structure depending on the nature of the encumbrance.

The filing was made to BSE Limited and the National Stock Exchange of India Limited in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The promoters explicitly declared that no encumbrances were made other than the 1,62,01,291 equity shares of Rs. 10 each already disclosed to the exchanges. Furthermore, the promoters stated that along with persons acting in concert, specifically Mrs. Rohiqa Mistry and Mr. Pallon Mistry, no additional encumbrances were created on the equity shares held by them during the financial year.

Other members of the promoter group provided separate declarations confirming their holdings and the absence of encumbrances. Rohiqa Cyrus Mistry disclosed holding 6,87,062 equity shares, representing 0.29% of the total paid-up equity capital, while Pallon S Mistry declared holding 7,20,000 equity shares, representing 0.31% of the capital. Both individuals confirmed that they did not make any encumbrance of shares, directly or indirectly, during the financial year ended March 31, 2026.

The following table summarizes the shareholding and encumbrance status disclosed by the promoter group:

The disclosures were signed by R M Nentin, Director of Shapoorji Pallonji and Company Private Limited, and individually by Rohiqa Cyrus Mistry and Pallon S Mistry on April 3, 2026. The documents were addressed to the stock exchanges and the Audit Committee of Sterling and Wilson Renewable Energy Limited for their records and perusal.

Sterling & Wilson Renewable Energy has announced a strategic partnership with Shinsung E&G, a South Korean company, to collaborate on HVAC (Heating, Ventilation, and Air Conditioning) projects in the semiconductor and battery manufacturing sectors. This collaboration marks a notable expansion of Sterling & Wilson's footprint into high-precision industrial infrastructure, catering to the specialized environmental control requirements of semiconductor fabrication and battery production facilities.

Partnership Overview

The tie-up with Shinsung E&G is aimed at jointly pursuing and executing HVAC projects that serve the technically demanding environments of semiconductor and battery manufacturing plants. These industries require highly controlled temperature, humidity, and air quality conditions, making HVAC systems a critical component of their operational infrastructure.

Strategic Significance

The partnership underscores Sterling & Wilson's intent to diversify its project portfolio beyond its established domains. By aligning with Shinsung E&G, the company gains access to specialized expertise in HVAC systems tailored for advanced manufacturing environments. Shinsung E&G brings domain knowledge and technical capabilities that complement Sterling & Wilson's project execution strengths, positioning the partnership to address complex industrial requirements in these rapidly growing sectors.

Key highlights of the collaboration include:

• Joint focus on HVAC infrastructure for semiconductor manufacturing facilities
• Targeting battery manufacturing plants requiring precision environmental controls
• Leveraging Shinsung E&G's expertise alongside Sterling & Wilson's execution capabilities

This partnership reflects the increasing convergence of industrial infrastructure services with high-technology manufacturing, as semiconductor and battery production continue to expand globally.