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.

Sterling & Wilson Renewable Energy Limited has received a regulatory order from GST authorities in Andhra Pradesh, as disclosed in its filing with stock exchanges. The order pertains to tax-related issues spanning a five-year period and involves a significant financial implication for the renewable energy company.

GST Order Details

The Additional Commissioner, CGST, Guntur, Andhra Pradesh has issued an order to Sterling and Wilson Renewable Energy regarding tax shortfall and mismatch of input tax credits. The order covers the period from April 2018 to March 2023, representing a comprehensive review of the company's GST compliance over five years.

Financial Protection Through Indemnity

The company has indicated that the financial implications of this GST order are covered under an existing indemnity agreement. This arrangement provides protection against potential liabilities and involves multiple parties in the renewable energy sector.

The indemnity agreement includes the following parties:

• Sterling and Wilson Renewable Energy Limited
• Reliance New Energy Limited
• Shapoorji Pallonji and Co. Private Limited
• Mr. Khurshed Daruvala

Company's Response and Next Steps

Sterling and Wilson Renewable Energy has stated that it is currently in the process of evaluating the contents of the GST order. The company is assessing the details to determine the most appropriate future course of action regarding this regulatory matter.

The disclosure was made in compliance with Regulation 30 of the SEBI Listing Regulations, which requires listed companies to inform stock exchanges about material developments that could impact their operations or financial position. The company has confirmed that no aberrations or non-compliances were specifically identified by the authorities in their communication beyond the tax shortfall and input tax mismatch issues mentioned in the order.