GST order to recover Rs 1.85 Crore excess refund plus penalty, company to appeal

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

+0.3%Reaction day

₹185.77

prior close

₹183.58

announcement price

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-1.3%+1.5% vs market

Civil Construction peers, median of 92sector-1.1%+1.4% vs sector

On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 1.4 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 92Pending

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AI summary

Sterling and Wilson Renewable Energy received an order dated Jan 29, 2026 from the Assistant Commissioner of CGST, Bhuj, Gujarat, directing recovery of an excess refund of Rs 1.85 Crore plus interest and an equivalent penalty amount, relating to December 2019. The company states there is no material impact on operations, is evaluating the order, and plans to file an appeal.

Likely market impact

Potential liability around Rs 3.7 Crore plus interest if appeal fails. Company says no material impact, but appeal outcome is a risk.