The Exchange had sought clarification from Sterling and Wilson Renewable Energy Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Financial results submitted is not as per format prescribed under Schedule III of the Companies Act, 2013 or as per Indian Accounting Standard The response of the Company is enclosed.
SWSOLAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The NSE had asked Sterling and Wilson Renewable Energy to explain issues with its Q4 FY25 financial results filed on April 24, 2025. The exchange flagged that the results were not in the format prescribed under Schedule III of the Companies Act or Indian Accounting Standards. The company blamed an 'unforeseen technical issue' for the delay in submission and expressed regret. On the audit status of overseas subsidiaries, the company said only some have been audited so far in the consolidated results, while the remaining had no material transactions and their audits will be completed within statutory deadlines.
This is a mild negative signal for investors — it points to compliance delays, formatting problems in financial reporting, and pending audits of overseas subsidiaries. While the company has responded, the episode may dent confidence in timely and accurate disclosures and could invite further regulatory scrutiny if timelines are missed again.