Sterling and Wilson faces tax shortfall order of ₹2.96 crore

Sterling and Wilson Renewable Energy Limited (SWSOLAR) has received an order from the additional commissioner, CGST, Guntur, Andhra Pradesh. The order concerns a shortfall of taxes and mismatch of input tax credits totaling approximately ₹2.96 crore, excluding penalties and applicable interest.

The order, dated December 19, 2025, pertains to the period of April 2018 to March 2023.

The company stated that the matter is covered under an existing indemnity agreement with Reliance New Energy Limited, Shapoorji Pallonji and Co. Private Limited, and Mr. Khurshed Daruvala. Sterling and Wilson Renewable Energy Limited is currently evaluating the order to determine its future course of action. The information was released in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.