Sterling and Wilson Renewable Energy has confirmed that the Office of the Commissioner of State Tax, Maharashtra, conducted a search at its corporate office in Mumbai on 9 March 2026. The search was carried out under the Maharashtra Goods and Services Tax Act, 2017, as part of an investigation into alleged non-payment of appropriate taxes.
The company stated that it is fully cooperating with the authorities, providing all necessary clarifications and details requested. Despite the ongoing investigation, Sterling and Wilson Renewable Energy has assured stakeholders that its operations remain unaffected and continue as usual.
At this stage, the company has not been able to ascertain any financial or operational impact resulting from the search. No penalties or sanctions have been imposed, and the company remains engaged with the authorities to resolve the matter.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Business Desk and reviewed by News Desk before publication.