STERLING & WILSON RENEWABLE ENERGY: KENYA TAX DEMAND REDUCED BY 90% TO ₹2.66 CR

• TAX SETTLEMENT: Kenya Revenue Authority agrees to a full and final settlement. • ORIGINAL DEMAND: ₹26.50 Cr, including interest and penalties. • REVISED DEMAND: ₹2.66 Cr — reduction of approximately ₹23.84 Cr (90%). • SETTLEMENT PERIOD: Relates to January 2020–December 2023. • PAYMENT DEADLINE: 25 December 2026. • OUTCOME: Kenya branch's interest and penalty liabilities resolved under the settlement, subject to payment and compliance.

GITA RENEWABLE ENERGY LIMITED

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