Sterling and Wilson Renewable Energy Receives Tax Order of ₹2.96 Crore

Sterling and Wilson Renewable Energy Limited has received an order from the Additional Commissioner, CGST, Guntur, Andhra Pradesh, concerning a shortfall of taxes and mismatch of input tax for the per...

Sterling and Wilson Renewable Energy Limited has received an order from the Additional Commissioner, CGST, Guntur, Andhra Pradesh, concerning a shortfall of taxes and mismatch of input tax for the period April 2018 to March 2023. The aggregate amount is approximately ₹2.96 crore, excluding penalty and applicable interest. This matter is covered under an indemnity agreement between Sterling and Wilson Renewable Energy Limited, Reliance New Energy Limited, Shapoorji Pallonji and Co. Private Limited, and Mr. Khurshed Daruvala. The company is currently evaluating the order and determining its future course of action. The disclosure was made in compliance with Regulation 30 of the SEBI Listing Regulations, with the Chief Financial Officer, Ajit Pratap Singh, confirming the accuracy of the information provided.

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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 announcement reports a tax order of ₹2.96 crore. while this is a financial implication, it is mitigated by an indemnity agreement, and the company is still evaluating the situation. therefore, the sentiment is neutral.

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Sterling and Wilson Renewable Energy Receives Tax Order of ₹2.96 Crore

December 20, 2025, 04:03 AM

AI Sentiment Analysis

Sterling and Wilson Renewable Energy Limited has received an order from the Additional Commissioner, CGST, Guntur, Andhra Pradesh, concerning a shortfall of taxes and mismatch of input tax for the period April 2018 to March 2023. The aggregate amount is approximately ₹2.96 crore, excluding penalty and applicable interest.

This matter is covered under an indemnity agreement between Sterling and Wilson Renewable Energy Limited, Reliance New Energy Limited, Shapoorji Pallonji and Co. Private Limited, and Mr. Khurshed Daruvala. The company is currently evaluating the order and determining its future course of action.

The disclosure was made in compliance with Regulation 30 of the SEBI Listing Regulations, with the Chief Financial Officer, Ajit Pratap Singh, confirming the accuracy of the information provided.

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