Sterling & Wilson Renewable Energy Limited has disclosed receiving a GST order worth ₹9.40 crores from tax authorities in Uttar Pradesh. The company made this disclosure on December 31, 2025, under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

GST Order Details

The order was issued by the Deputy Commissioner of SGST, Gautambuddha Nagar, Noida, Uttar Pradesh, addressing discrepancies in tax payments for a specific financial period. The company received the order dated December 31, 2025, on the same date.

Nature of Tax Issues

The GST order specifically relates to mismatch of input tax and shortfall of taxes paid during the financial year 2021-22. The total amount of ₹9.40 crores includes the principal tax amount along with penalty and applicable interest calculated as of the order date.

Financial Protection Measures

Sterling & Wilson Renewable Energy has indicated that the financial impact is partially mitigated through existing contractual arrangements. The company has an indemnity agreement in place with multiple parties that provides coverage for this liability.

Company Response and Next Steps

The renewable energy company is currently in the process of evaluating the contents of the order to determine its response strategy. The management is assessing the order details before deciding on the future course of action, which may include filing an appeal or making the required payments.

The disclosure was signed by Ajit Pratap Singh, Chief Financial Officer of Sterling & Wilson Renewable Energy Limited, confirming that the information provided is true, correct, and complete to the best of his knowledge and belief. The company has fulfilled its regulatory obligation by promptly informing the stock exchanges about this material development that could impact its financial position.

Sterling & Wilson Renewable Energy Limited has received a GST order from tax authorities in Rajasthan, as disclosed in a regulatory filing made on December 24, 2025. The company informed stock exchanges about this development under Regulation 30 of SEBI Listing Regulations.

GST Order Details

The Assistant Commissioner, CGST, Jaipur, Rajasthan has issued an order to the company regarding shortfall of taxes for a specific period. The key parameters of this order are presented below:

Indemnity Coverage

The company has clarified that this GST matter is covered under an indemnity agreement. The indemnity arrangement involves multiple parties working together to address potential financial implications.

Company Response and Next Steps

Sterling & Wilson Renewable Energy has indicated that it is currently in the process of evaluating the order received from the GST authorities. The company is assessing the contents and implications of the order to determine the appropriate future course of action.

The disclosure was made through Form A, which is specifically designed for communications received from regulatory, statutory, enforcement, or judicial authorities. Chief Financial Officer Ajit Pratap Singh signed the regulatory filing, confirming that the information provided is true, correct, and complete to the best of his knowledge and belief.

Regulatory Compliance

This disclosure demonstrates the company's adherence to transparency requirements under SEBI Listing Regulations. The filing was made promptly to both BSE Limited and National Stock Exchange of India Limited, ensuring that investors and stakeholders are informed about material developments that could impact the company.

The company trades under the symbol SWSOLAR on NSE and scrip code 542760 on BSE. Sterling & Wilson Renewable Energy continues to evaluate the order while maintaining compliance with all regulatory disclosure requirements.