Sterling and Wilson Renewable Energy Limited has received an order from the Deputy Commissioner of SGST, Noida, Uttar Pradesh, related to a shortfall in taxes and a mismatch of input tax for the period April 2021 to March 2022. The total amount aggregates to approximately INR 9.40 crores, including penalty and applicable interest. The company is currently evaluating the order and determining its next course of action.
Order Details
Sterling and Wilson Renewable Energy Limited has been notified of an order issued by the Deputy Commissioner, SGST, Gautambuddha Nagar, Noida, Uttar Pradesh. This order pertains to a shortfall of taxes and a mismatch of input tax for the period covering April 2021 to March 2022.
Financial Impact
The aggregate amount related to the order is approximately INR 9.40 crores. This total includes both the penalty amount and applicable interest calculated as of the date of the announcement, December 31, 2025.
Company Response
The company has stated that the amount is partially covered under an indemnity agreement with 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 assessing the details of the order and deciding on the subsequent steps to be taken.
Source: BSE
