Sterling & Wilson Renewable Energy Limited has announced the liquidation of its step-down subsidiary Sterling and Wilson Kazakhstan LLP, effective March 02, 2026. The company disclosed this development to the stock exchanges on March 06, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Liquidation Details

The subsidiary, which was incorporated in Kazakhstan, has been liquidated with effect from March 02, 2026. The company received the liquidation order on March 06, 2026, and promptly informed both BSE Limited and the National Stock Exchange of India Limited about this corporate action.

Regulatory Compliance and Filing Details

The disclosure was made in compliance with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The official filing was submitted to BSE Limited (Scrip Code: 542760) and National Stock Exchange of India Limited (Symbol: SWSOLAR) on March 06, 2026.

Financial Impact

The liquidation carries no financial implications for Sterling & Wilson Renewable Energy Limited, as the subsidiary had no business activity since its inception. The company specifically noted that the entity did not contribute any turnover, revenue, income, or net worth during the last financial year.

Corporate Housekeeping

This liquidation appears to be a routine corporate housekeeping measure, allowing the company to streamline its subsidiary structure by eliminating non-operational entities. Such actions are common among multinational companies seeking to optimize their corporate structure and reduce administrative overhead for dormant subsidiaries. The filing was digitally signed by Jagannadha Rao Ch. V., Company Secretary and Compliance Officer.

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.