CGST Jaipur order on Sterling and Wilson RE for tax shortfall of about INR 23.65 lakhs

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Price reactionminutes from the announcement price · days from the prior close

-1.4%Reaction day

₹218.60

prior close

₹218.97

announcement price

After-mkt

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.5%-0.8% vs market

Civil Construction peers, median of 97sector-0.6%-0.7% vs sector

On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and 0.7 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

-2.6-1.3-1.3-1.6-1.0

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 97Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Sterling and Wilson Renewable Energy said the Assistant Commissioner of CGST, Jaipur has issued an order on December 22, 2025, flagging a tax shortfall of about INR 23.65 lakhs (excluding penalty and interest) for the period April 2018 to March 2019. The company is covered under an indemnity agreement with Reliance New Energy, Shapoorji Pallonji, and Mr. Khurshed Daruvala, which may shield it from the financial impact. The company is evaluating the order and will decide further action.

Likely market impact

Small tax demand; indemnity cover likely limits financial hit. Minimal impact on shareholders in the near term.