Sterling and Wilson Renewable Energy Limited on Tuesday informed stock exchanges that it has received an order from the Assistant Commissioner of Central Goods and Services Tax (CGST), Jaipur, Rajasthan, regarding a mismatch of input tax credit (ITC) for the period between April 2018 and March 2020.
According to the company’s regulatory filing, the GST authorities have raised a demand aggregating to approximately ₹95.21 lakh, excluding applicable interest and penalty. The order was issued on December 22, 2025, and was received by the company on December 23, 2025.
The company clarified that the matter is covered under an indemnity agreement entered into with Reliance New Energy Limited, Shapoorji Pallonji and Company Private Limited, and Mr. Khurshed Daruvala. As a result, Sterling and Wilson Renewable Energy does not expect any material financial impact from the order.
Sterling and Wilson Renewable Energy said it is currently evaluating the contents of the order and will decide on the appropriate future course of action. The company also confirmed that no additional non-compliances or sanctions have been identified by the GST authorities beyond the stated demand.
The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
