Sterling and Wilson Renewable Energy Ltd

Sterling and Wilson Renewable Energy Ltd has announced its 9th Annual General Meeting (AGM) will be held on Thursday, July 02, 2026, at 12:00 Noon IST via Video Conferencing. In compliance with SEBI Listing Regulations, the company has issued a letter to shareholders without registered email addresses, providing a weblink to access the Annual Report for FY 2025-26. The cut-off date for these shareholders is May 29, 2026. Shareholders are encouraged to update their email addresses to receive future communications and support green initiatives.

Sterling and Wilson Renewable Energy Ltd. has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, along with an Independent Sustainability Assurance Statement. The report details the company's corporate identity, business activities in EPC and O&M services for renewable energy, market reach across 14 Indian states and 11 international countries, and employee statistics. The company reported a turnover rate for permanent employees and workers for the past three financial years, with a slight decrease in turnover rate from FY25 to FY26.

Sterling and Wilson Renewable Energy Ltd has announced the details for its 9th Annual General Meeting (AGM) to be held on July 02, 2026, via Video Conferencing. The company has also enclosed its Annual Report for the Financial Year 2025-26. The AGM agenda includes considering and adopting financial statements, appointing a director, approving branch auditors, a material related party transaction with Shapoorji Pallonji and Company Private Limited, and waiving recovery of excess remuneration for a manager. E-voting facilities are available for shareholders.

Sterling and Wilson Renewable Energy Ltd has announced the details for its 9th Annual General Meeting (AGM) scheduled for July 02, 2026, at 12:00 Noon IST. The meeting will be conducted via Video Conferencing/Other Audio-Visual Means. The company has also enclosed its Annual Report for the Financial Year 2025-26 along with the AGM notice. Key agenda items include the adoption of audited standalone and consolidated financial statements, appointment of a director retiring by rotation, approval of branch auditors, a material related party transaction with Shapoorji Pallonji and Company Private Limited, and approval for waiver of excess remuneration paid to a manager. E-voting facilities are available for shareholders.

Sterling and Wilson Renewable Energy Ltd has appointed Mr. Vikas Gulati as Chief Procurement Officer (CPO) and Senior Management Personnel (SMP), effective June 1, 2026. The appointment was approved by the Board of Directors on May 26, 2026, based on the recommendation of the Nomination and Remuneration Committee. Mr. Gulati brings over 30 years of experience in procurement, supply chain management, and project management.

Sterling and Wilson Renewable Energy (SWREL) announced its audited financial results for FY26, achieving its highest annual turnover since listing at ₹7,548 crore, a 20% YoY growth. The company also reported its highest-ever quarterly PAT of ₹142 crore in Q4 FY26. Operational EBITDA increased 53% YoY to ₹444 crore. SWREL achieved record execution, commissioning approximately 4.5 GW AC capacity in FY26. Gross margins expanded to 10.5% from 10.1% in FY25. Order inflow surged 43% YoY to ₹10,062 crore across 12 projects, bringing the unexecuted order value to ₹11,813 crore. Net debt decreased by ₹149 crore quarter-on-quarter, driven by healthy cash flow. The O&M portfolio grew 50% YoY to 13.5 GW, ensuring stable recurring revenue.

Sterling and Wilson Renewable Energy Ltd's Board of Directors, on April 23, 2026, approved the Audited Consolidated and Standalone Financial Results for the quarter and financial year ended March 31, 2026. The company's statutory auditors, Kalyaniwalla & Mistry LLP and Deloitte Haskins & Sells LLP, issued an unmodified opinion on these financial results. The results were presented in accordance with SEBI (LODR) Regulations, 2015, and include financial information from various international branches.

Sterling and Wilson Renewable Energy Ltd has appointed Mr. Ajit D Nair as its Internal Auditor, effective April 23, 2026. The Board of Directors approved this appointment based on the Audit Committee's recommendation. Mr. Nair brings 33 years of extensive experience in internal audit, risk management, financial control, and operational audits across diverse sectors. His expertise is expected to enhance corporate governance, drive operational excellence, and mitigate risks for the company. He is not related to any director of the company.

The Board of Directors of Sterling and Wilson Renewable Energy Ltd, based on the Audit Committee's recommendation, approved the Audited Consolidated and Standalone Financial Results for the quarter and financial year ended March 31, 2026, at its meeting held on April 23, 2026. The statutory auditors, M/s. Kalyaniwalla & Mistry LLP and M/s. Deloitte Haskins & Sells LLP, issued unmodified opinions on these financial results. The meeting commenced at 11:00 a.m. and concluded at 1:20 p.m.

Sterling and Wilson Renewable Energy Ltd announced that its wholly-owned step-down subsidiary, Sterling and Wilson Solar Solutions Inc., has reached a settlement agreement with Fidelity and Deposit Company of Maryland and Zurich American Insurance Company, resolving claims and counterclaims related to a bond encashment. The United States District Court, Eastern District of Washington, has dismissed the legal proceedings following a motion filed by the parties. The settlement has no material financial impact on the company.