Sterling & Wilson Renewable Energy Receives GST Order Worth ₹6.85 Lakh for Input Tax Mismatch

Sterling & Wilson Renewable Energy Limited has received a GST order from Haryana authorities concerning input tax credit mismatch for the financial year 2018-19. The company disclosed this development to stock exchanges under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

GST Order Details

The regulatory filing reveals that Haryana GST authorities have issued an order for mismatch of input tax credits. The financial implications of this order are detailed in the table below:

Component:	Amount
Input Tax Mismatch:	₹6.85 lakh
Penalty:	₹6.85 lakh (equal amount)
Interest:	Applicable interest
Financial Year:	2018-19

Company Response

Sterling & Wilson Renewable Energy has indicated that it is currently in the process of evaluating the contents of the order. The company stated it is deciding on the future course of action regarding this GST matter. No specific timeline has been provided for the completion of this evaluation process.

Regulatory Compliance

The disclosure was made pursuant to SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/25 dated February 25, 2025. 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.

Filing Details

The regulatory disclosure was submitted to both BSE Limited and National Stock Exchange of India Limited on December 11, 2025. The company trades under scrip code 542760 on BSE and symbol SWSOLAR on NSE. The filing included Form A, which provides detailed information about communications received from regulatory authorities.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.81%	-4.80%	-10.82%	-36.53%	-55.69%	-19.76%

Sterling & Wilson Renewable Energy has successfully incorporated a fully owned subsidiary in Romania, marking a significant milestone in the company's European expansion strategy. The subsidiary, Sterling and Wilson Renewable Energy S.R.L, was incorporated on December 8, 2025, and registered with the Romania Ministry of Justice, National Trade Registry Office.

Subsidiary Structure and Capital Details

The Romanian subsidiary has been established with specific operational parameters designed to support the company's renewable energy initiatives in Eastern Europe. The entity is yet to commence business operations but represents a strategic foundation for future growth.

Parameter:	Details
Subsidiary Name:	Sterling and Wilson Renewable Energy S.R.L
Incorporation Date:	December 8, 2025
Subscribed Capital:	100 LEI
Paid-up Capital:	100 LEI
Ownership:	100% (Fully Owned)
Cost of Acquisition:	100 LEI

Business Objectives and Market Focus

The newly incorporated subsidiary will focus on construction works of utility projects for electricity in Romania's renewable energy sector. This strategic positioning aligns with Romania's growing emphasis on clean energy infrastructure and the European Union's renewable energy initiatives.

Business Details:	Information
Primary Objective:	Construction of utility electricity projects
Industry Sector:	Renewable Energy
Market Region:	Romania/Eastern Europe
Current Status:	Yet to commence operations

Corporate Structure and Compliance

The subsidiary has been established through Sterling and Wilson International Solar FZCO, which is a wholly owned subsidiary of Sterling & Wilson Renewable Energy. The incorporation was completed through cash consideration, and the company has fulfilled all regulatory requirements for establishment in Romania.

This development enhances the company's international corporate structure and provides a platform for participating in Romania's expanding renewable energy market. The subsidiary structure is expected to improve operational efficiency and enable better compliance with local regulations while strengthening the company's presence in the European renewable energy sector.