Sterling Wilson Kenya Tax Settlement Reduced 90%

Date: October 21, 2026

The company and the Kenya Revenue Authority (KRA) have entered into a full and final settlement agreement regarding tax assessments for the period January 1, 2020 to December 31, 2023.
The original demand as per order dated December 12, 2025 was approximately INR 26.50 crore, including interest and penalties.
The settlement reduces this liability to approximately INR 2.66 crore (principal amount only).
The reduction is attributed to "lower attribution of the profits to Kenya Branch."
The settlement absolves the company from paying interest and penalties upon payment of the principal demand by December 25, 2026.
The company will make payments as per the agreed payment terms in the settlement agreement.
No aberrations, non-compliances, penalties, restrictions, or sanctions were identified or imposed as part of this settlement.

The expected financial implication on the company is approximately INR 2.66 crore.

References previous disclosures dated September 18, 2025 and December 15, 2025.
The disclosure includes completed Form A as required by Regulation 30(13) of SEBI Listing Regulations.