NSE/BSE Codes: BSE: 542760, NSE: SWSOLAR

Summary of Key Information:

Nature of Event / Disclosure:

Regulatory disclosure regarding status update on ongoing material international arbitration proceedings under International Chamber of Commerce (ICC) in Chile.

Involved Parties / Authorities:

Applicant/Contractor Consortium: Sterling and Wilson Renewable Energy Limited, Sterling and Wilson Renewable Energy Limited - Agencia En Chile (branch of the Company in Chile), and Shapoorji Pallonji and Company Private Limited (SPCPL)

Opposing Party/Defendant: TSGF SPA (Client)

Arbitral Authority: International Chamber of Commerce (ICC), Chile

Date / Timeline of Event:

  • Previous Disclosure Date: October 30, 2024
  • Current Disclosure Date: November 12, 2026
  • ICC Order Date: November 11, 2026
  • Suspension Extension Until: March 31, 2027
  • Long Stop Date for Settlement: March 31, 2027

Brief Description of Outcome / Dispute:

International arbitration proceedings between the Contractor consortium (including the Company) and client TSGF SPA have been suspended until March 31, 2027 upon joint application by both parties. A conditional settlement agreement has been executed with a long stop date of March 31, 2027.

Impact of Outcome:

Financial Impact:

No financial impact on the Company until implementation of the settlement agreement on or before March 31, 2027. The costs, fees and expenses of the arbitration shall not accrue during the suspension period.

Operational / Business / Strategic Impact:

The suspension provides additional time for settlement negotiations without ongoing arbitration costs. The conditional nature of the agreement indicates ongoing discussions between parties.

Other Implications:

Regulatory compliance disclosure made under Regulation 30 read with Para B of Part A of Schedule III of SEBI Listing Regulations, referencing Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Next Steps / Required Actions:

Implementation of the settlement agreement must occur on or before the long stop date of March 31, 2027. Further updates will be provided as the situation develops.