Sterling and Wilson Renewable Energy Limited — Others, 30-10-2024: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Sterling and Wilson Renewable Energy Limited has initiated arbitration against TSGF SPA regarding a dispute stemming from the delayed completion of a solar power plant in Chile. The company is claiming USD 82 million, while the opposing party has counterclaimed USD 179 million, including substantial consequential damages. An arbitral tribunal was constituted on October 29, 2024. The financial implications are expected to be managed under an indemnity agreement with company promoters.