SGST Authority Issues ₹9.40 Crore Tax Shortfall Order Against Sterling and Wilson Renewable Energy
Sterling and Wilson Renewable Energy Limited has disclosed that the Deputy Commissioner of SGST, Gautambuddha Nagar, Noida, Uttar Pradesh, has issued an order concerning a shortfall of taxes and a mis...
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Why is Sterling and Wilson Renewable Energy Limited in the news today?
Sterling and Wilson Renewable Energy Limited (SWSOLAR) is in the news due to the company has received an order for a tax shortfall, penalty, and interest, which is a negative development.
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SGST Authority Issues ₹9.40 Crore Tax Shortfall Order Against Sterling and Wilson Renewable Energy
December 31, 2025, 04:45 PM
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Sterling and Wilson Renewable Energy Limited has disclosed that the Deputy Commissioner of SGST, Gautambuddha Nagar, Noida, Uttar Pradesh, has issued an order concerning a shortfall of taxes and a mismatch of input tax for the period of April 2021 to March 2022. The total amount aggregated to approximately ₹9.40 crore, including penalty and applicable interest as of the order date.
This order is partially covered under an indemnity agreement previously entered into by the Company, Reliance New Energy Limited, Shapoorji Pallonji and Co. Private Limited, and Mr. Khurshed Daruvala. The company is currently in the process of evaluating the order and determining its future course of action regarding this matter.
The disclosure was made on December 31, 2025, in compliance with Regulation 30 of the SEBI Listing Regulations.
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