SWSOLAR receives tax shortfall order of ₹23.65 Lakhs for FY19

Sterling and Wilson Renewable Energy Limited has received an order from the Assistant Commissioner, CGST, Jaipur, Rajasthan, concerning a shortfall of taxes for the period April 2018 to March 2019. Th...

Sterling and Wilson Renewable Energy Limited has received an order from the Assistant Commissioner, CGST, Jaipur, Rajasthan, concerning a shortfall of taxes for the period April 2018 to March 2019. The aggregate amount of the shortfall is approximately ₹23.65 Lakhs, excluding penalty and applicable interest. This matter is covered under an indemnity agreement previously entered into between 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. The announcement was made on December 24, 2025, in compliance with Regulation 30 of the SEBI Listing Regulations.

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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 shortfall order. while it involves a financial implication, it is covered under an indemnity agreement, and the company is still evaluating the situation, making the immediate sentiment neutral.

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SWSOLAR receives tax shortfall order of ₹23.65 Lakhs for FY19

December 24, 2025, 10:17 AM

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Sterling and Wilson Renewable Energy Limited has received an order from the Assistant Commissioner, CGST, Jaipur, Rajasthan, concerning a shortfall of taxes for the period April 2018 to March 2019. The aggregate amount of the shortfall is approximately ₹23.65 Lakhs, excluding penalty and applicable interest.

This matter is covered under an indemnity agreement previously entered into between 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.

The announcement was made on December 24, 2025, in compliance with Regulation 30 of the SEBI Listing Regulations.

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