Sterling and Wilson Renewable Energy receives GST order for ₹14.62 lakh mismatch
Sterling and Wilson Renewable Energy Limited received an order from CGST, Jaipur, for a ₹14.62 lakh input tax credit mismatch and penalty. The period under review is April 2018 to March 2023. The company is evaluating the order and notes it's partially covered by an indemnity agreement.
The financial implication of ₹14.62 lakhs is relatively small for a company of this scale, and the fact that it is partially covered by an indemnity agreement further mitigates the potential impact.
The announcement reports an order from tax authorities regarding input tax credit mismatch and penalty. While it involves a financial implication, it is partially covered by an indemnity agreement, and the company is still evaluating the situation, making the immediate sentiment neutral.
Sterling and Wilson Renewable Energy Limited has disclosed that an order has been issued by the Superintendent of CGST, Jaipur, Rajasthan. This order pertains to a mismatch of input tax credits for the period between April 2018 and March 2023, with an aggregate amount of approximately ₹14.62 lakhs, including a penalty.
The company has stated that this matter is partially covered under an indemnity agreement previously entered into by Sterling and Wilson Renewable Energy Limited, Reliance New Energy Limited, Shapoorji Pallonji and Co. Private Limited, and Mr. Khurshed Daruvala.
Sterling and Wilson Renewable Energy Limited is currently in the process of evaluating the order and determining the future course of action. The disclosure was made on January 02, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
What to do with a filing like this
Sterling and Wilson Renewable Energy Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Sterling and Wilson Renewable Energy Limited. Read the original for the full detail.