Sterling and Wilson Renewable Energy Limited confirmed that the Office of the Commissioner of State Tax, Maharashtra, conducted a search at its corporate office in Mumbai on March 09, 2026. The action was pursuant to the Maharashtra Goods and Services Tax Act, 2017. The company stated that it is fully cooperating with officials, providing necessary clarifications. Crucially, management confirmed that the operations of the Company are continuing as usual with no immediate impact ascertained.
Official Disclosure of Regulatory Action
On March 10, 2026, Sterling and Wilson Renewable Energy Limited made a formal disclosure concerning an inspection conducted by the State Tax authority. The communication received was a Letter dated March 09, 2026, originating from the Office of the Commissioner of State Tax, Maharashtra.
Summary of Material Contents
The basis for the authority’s action was a Search pursuant to Section 67 of the Maharashtra Goods & Service Tax Act, 2017. The core issue identified by the authority relates to the alleged non-payment of appropriate tax. The company noted that at this stage, the expected financial implications could not be ascertained, and no financial or other impact that cannot be ascertained has been determined.
Company Response and Operational Status
The Company confirmed its immediate action was to engage with the authorities. Specifically, The Company is cooperating with the officials and is responding to all the clarifications and details sought by them. Management has assured stakeholders that this event has not impacted on the operations of the Company, which are continuing as usual.
Source: BSE
