Sterling & Wilson Renewable Energy Limited has announced a key organizational change with the appointment of Mr. Mohammed Tariq as Senior Management Personnel (SMP), effective March 02, 2026. The appointment was formally approved by the Board of Directors on February 27, 2026, following recommendations from the Nomination and Remuneration Committee.

Appointment Details

The classification of Mr. Tariq as Senior Management Personnel stems from a strategic change in the company's reporting structure. In his new capacity, he will report directly to Mr. Chandra Kishore Thakur, Manager of the Company, which necessitates his designation as SMP under regulatory requirements.

Professional Background

Mr. Tariq brings substantial experience to his enhanced role within the organization. His professional credentials include:

• 24 years of association with the Sterling and Wilson Group
• 29 years of comprehensive industry experience
• Specialized expertise in project planning and execution
• Proven track record in budget management and forecasting
• Strong background in cost control, safety, and quality management

His extensive experience encompasses managing complex projects, building robust customer relationships, and leading teams to achieve desired organizational results.

Regulatory Compliance

The appointment has been disclosed in accordance with Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also complied with the requirements outlined in SEBI master circular HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated January 30, 2026.

This strategic appointment reflects Sterling & Wilson Renewable Energy Limited's commitment to strengthening its senior management structure while ensuring compliance with regulatory frameworks governing listed companies.

Sterling & Wilson Renewable Energy Limited has received a GST order from Maharashtra tax authorities demanding INR 62.93 lakhs, the company disclosed on February 27, 2026. The order pertains to disallowed input tax credits for certain transactions during the financial year 2019-20.

GST Order Details

The Assistant Commissioner of State Tax, Mumbai, Maharashtra issued the order on February 26, 2026, which the company received the same day. The order covers the period from April 2019 to March 2020 and involves disallowing input tax credit on certain transactions.

Company Response and Impact

Sterling & Wilson Renewable Energy has indicated that it is currently evaluating the order and is in the process of taking appropriate steps to address the matter. The company has stated that there is no material impact on its operations despite the GST demand.

The disclosure was made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, as required for communications received from regulatory authorities. The company's Chief Financial Officer, Ajit Pratap Singh, signed the disclosure document.

Regulatory Compliance

The company has confirmed that no aberrations or non-compliances were specifically identified by the GST authorities in the communication beyond the input tax credit disallowance. The disclosure follows SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/25 dated February 25, 2025, regarding regulatory communication disclosures.