Sterling and Wilson Renewable Energy Limited has informed the Exchange about Action(s) initiated or orders passed
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Sterling and Wilson Renewable Energy has received an order dated December 31, 2025 from the Superintendent of CGST, Jaipur, Rajasthan, flagging a mismatch in input tax credits for the period April 2018 to March 2023. The total demand, including penalty, is approximately INR 14.62 lakhs, which is a relatively small amount for a company of this size. The order is partially covered under an existing indemnity agreement with Reliance New Energy Limited, Shapoorji Pallonji and Co. Private Limited, and Mr. Khurshed Daruvala, which limits the company's direct exposure. The company is currently reviewing the order and deciding on the next steps, which may include appeal.
The financial impact is minimal given the small order size and partial indemnity cover, so this is unlikely to materially affect the stock price or shareholder value.