Sterling and Wilson Renewable Energy Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 21, 2025
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Sterling and Wilson Renewable Energy has notified the exchanges about its 8th AGM scheduled for Thursday, August 21, 2025 at 11:00 a.m. IST via video conferencing, along with the submission of its Annual Report for FY 2024-25. The Annual Report highlights a strong turnaround year — revenue jumped 108% YoY to INR 6,302 crore, with EBITDA rising to INR 276 crore (from INR 54 crore) and the company returning to profitability with a PAT of INR 86 crore. New order inflows grew 17% to INR 7,051 crore, pushing the unexecuted order book to a record INR 9,096 crore, while domestic orders contributed INR 5,897 crore (up 21%). Net debt remained flat at INR 178 crore despite the sharp scale-up in execution. The company also expanded into wind EPC with its first hybrid project win and continues to strengthen its position in solar, BESS, and floating solar segments, with a 22.6 GWp EPC portfolio, 8.7 GWp O&M portfolio, and a 25.3 GWp bid pipeline. Key agenda items at the AGM include adoption of financial statements, appointment/re-appointment of directors and auditors, and approval of a new Employee Stock Option Plan (ESOP II 2025) for the company and its subsidiaries.
This is a routine AGM notice combined with the annual report, so no immediate stock price reaction is expected. However, the embedded FY25 results — 108% revenue growth, return to profit, and record order book — reinforce a positive growth narrative and strong revenue visibility. Shareholders should watch the ESOP resolutions, as approval could lead to future equity dilution.