Sterling and Wilson Renewable Energy Limited — Others, 27-08-2025: Action(s) initiated or orders passed

Sterling and Wilson Renewable Energy received an order from Tamil Nadu GST authorities regarding a tax shortfall of approximately Rs. 5.74 Crore, plus equal penalty and applicable interest, for the January 2019 to April 2019 period. The company plans to file an appeal against this order. Crucially, there will be no financial implication for SWSOLAR from this demand, as the amount is fully covered by an existing indemnity agreement with Reliance New Energy Limited, Shapoorji Pallonji and Co. Pvt. Ltd., and Mr. Khurshed Daruvala. This ensures no direct financial impact on the company's operations or shareholders.