Kenya tax settlement cuts demand to INR 2.66 crore

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

-2.8%Reaction day

₹152.74

prior close

₹151.39

announcement price

After-mkt

timing

Nifty Microcap 250market-1.0%-1.8% vs market

Civil Construction peers, median of 94sector-1.6%-1.2% vs sector

On the reaction day the stock moved 1.8 pts less than Nifty Microcap 250 and 1.2 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

Stock

-0.5

10m

-0.8

15m

-0.6

30m

-0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.8-1.0-1.8-1.6-1.2

Next day

-6.7-3.3-3.3-4.0-2.7

-8.7-2.9-5.7-3.9-4.8

-7.0-1.3-5.8-2.8-4.3

-5.4-1.2-4.2-2.6-2.8

-5.7-0.5-5.2-1.6-4.2

-7.7-1.6-6.1-2.2-5.5

15d

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 94Pending

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

AI summary

Sterling and Wilson Renewable Energy has settled a Kenya tax assessment for 2020-2023. The demand fell from INR 26.50 crore, including interest and penalties, to INR 2.66 crore of principal, mainly due to lower profit attribution to its Kenya branch. Interest and penalties are waived if the principal is paid by December 25, 2026. The company expects a financial impact of INR 2.66 crore and will follow the agreed payment terms.

Likely market impact

Positive: interest and penalties are waived if INR 2.66 crore is paid by December 25, 2026, versus the earlier INR 26.50 crore demand.