Sterling And Wilson Renewable Energy Resolves US Dispute, Completes Tribunal-Directed Settlement

Sterling and Wilson Renewable Energy Limited has announced the closure of a significant legal dispute related to its international operations. In a regulatory filing submitted to the Bombay Stock Exchange and the National Stock Exchange of India on April 3, 2026, the company confirmed that its wholly owned step-down subsidiary, Sterling and Wilson Solar Solutions Inc., has completed all required payments to Conti, LLC.

This marks the final resolution of a dispute that was earlier handled by an arbitration tribunal. The company had previously shared details about this matter in its disclosures made in September and November 2025. With the completion of the payments as directed by the tribunal, the legal proceedings between the two parties have now been formally closed.

The company made this disclosure in line with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation requires listed companies to inform stock exchanges about any important developments, including disputes or litigations, that may have an impact on business operations.

Although the exact amount paid in the settlement was not mentioned in this filing, the company stated that all financial obligations under the tribunal’s award have been fulfilled. The settlement has now been officially taken on record, bringing an end to this legal matter.

This development removes a key uncertainty related to the company’s North American business operations and provides clarity to its investors and stakeholders. The filing was signed by the Company Secretary and Compliance Officer of the company.