Sterling and Wilson Renewable Energy Legal & Regulatory
The GST authority in Jaipur issued an order imposing a tax demand and penalty of approximately ₹13.86 Crore each on the Company.
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The GST authority in Jaipur issued an order imposing a tax demand and penalty of approximately ₹13.86 Crore each on the Company.
CGST Jaipur demanded ₹27.72 Cr tax and penalty from Sterling and Wilson for Nov 2020 to Nov 2021. Company states demand is largely covered by promoter indemnity.
Sterling and Wilson Renewable Energy secured domestic and international orders totaling over INR 985 Crore. The wins include a 534.3 MWp solar order and 616 MWh storage projects.
Sterling and Wilson's subsidiary, SWSS, has initiated a new arbitration against OEG Inc. regarding undetermined counterclaims. A three-member arbitration panel has been constituted.
Mr. Sandeep Mathew, Senior Vice President - Investor Relations and Senior Management Personnel, has resigned from the company effective July 31, 2026.
Acuite Ratings downgraded Sterling and Wilson Renewable Energy's long-term rating to 'ACUITE BBB-' and short-term rating to 'ACUITE A3'. The outlook remains Negative.
Sterling and Wilson reported Q1 FY27 revenue of INR 1,590 crores and PAT of INR 53 crores, driven by record UOV of INR 13,000 crores following a landmark USD 560 million Egypt order win.
Sterling and Wilson Renewable Energy Ltd has submitted its quarterly shareholding pattern for the period ended June 30, 2026, as per regulatory filing requirements.
Sterling and Wilson reported Q1 FY27 revenue of INR 1,590 Cr with a PAT of INR 53 Cr, up 36% YoY. Focus remains on utility-scale solar EPC and O&M services.
Sterling and Wilson Renewable Energy won a marquee USD 560 million solar-plus-storage project in Egypt. The company's total unexecuted order value reached a record Rs. 13,000 Crore.
Sterling and Wilson Renewable Energy Ltd reported revenue from operations of ₹1,590 Cr (-9.7% YoY) and net profit of ₹53.3 Cr (+37.7% YoY) for Q1 FY27.
Sterling and Wilson's subsidiary initiated arbitration against Shell Australia for claims totaling approximately ₹284.81 Crore. The dispute concerns EPC and O&M contracts for a solar farm.
Sterling and Wilson Renewable Energy will hold a board meeting on July 16, 2026. The board will approve unaudited financial results for the June quarter.
Sterling & Wilson Renewable Energy held its 9th AGM on July 2, 2026, approving financial statements and director appointments. Voting results will be intimated separately.
Sterling and Wilson Renewable Energy appointed William Buck Audit (WA) Pty Ltd as Statutory Auditor for its Australian subsidiary. The appointment is effective July 1, 2026.
Sterling and Wilson Solar Australia Pty Ltd changed its auditor. Moore Australia Audit resigned and William Buck Audit was appointed effective July 01, 2026.
Sterling and Wilson Renewable Energy Ltd approved an ESOP allotment, increasing paid-up capital by ₹9,671 (≈0.001 Cr). The issue raises share count to 233,541,391.
Sterling and Wilson Renewable Energy allotted 9,671 shares under its ESOP Plan I at Rs.238 each, amounting to about ₹0.23 Crore. Issue raises paid-up capital to Rs.23.35 Crore.
SWREL JV secured a solar project in Egypt valued at ₹5,034 Crore. The project includes 1,000 MW capacity and 600 MWh battery storage.
Sterling and Wilson received a revised CGST demand of ₹2.97 crore. The company is currently evaluating the order to determine further action.
Sterling and Wilson Renewable Energy convened its AGM for July 2, 2026. Key agenda includes approving ₹1116.65 Crore related party transactions with Shapoorji Pallonji.
Sterling and Wilson Renewable Energy filed its BRSR for FY 2025-26. The report details the company's environmental, social, and governance performance and targets.
Sterling and Wilson Renewable Energy released its FY26 Annual Report and 9th AGM notice. The company reported record annual revenues of ₹7,548 Crore.
Sterling and Wilson Renewable Energy filed its FY2026 Annual Secretarial Compliance Report. The document records regulatory adherence and notes procedural reporting delays with no monetary fines.
Sterling and Wilson Renewable Energy appointed Mr. Vikas Gulati as Chief Procurement Officer starting June 01, 2026. This appointment strengthens the company's senior management team.
Sterling and Wilson Renewable Energy Limited confirmed it is not identified as a Large Corporate for FY 2026-27. The company reported outstanding long-term borrowings of ₹1,116.40 Crore and holds a BBB+/Stable credit rating from Infomerics.
SWSOLAR achieved record FY26 revenue of ₹7,548cr and Q4 PAT of ₹142cr. Management reports record order inflows of ₹10,062cr and an unexecuted order book of ₹11,813cr, focusing on domestic EPC and BESS.
Sterling and Wilson Renewable Energy Limited's credit ratings were reaffirmed at IVR BBB+/Negative for long-term and IVR A2 for short-term facilities totaling ₹6465.21 Crore. The Negative outlook reflects moderated operating performance and PAT-level losses during 1HFY26.
SWREL achieved its highest annual turnover since listing in FY26, reaching INR 7,548 cr. Management is focusing on a robust domestic EPC pipeline and scaling O&M to 13.5 GW.
Sterling and Wilson Renewable Energy Limited has appointed Mr. Ajit D. Nair as Internal Auditor for a 12-month term effective April 23, 2026. Mr. Nair brings 33 years of experience in internal audit and risk management to the role, focusing on enhancing corporate governance and operational controls.