Sterling and Wilson Renewable Energy Limited has issued an update regarding a material dispute involving its wholly owned subsidiary in the United States. The disclosure follows earlier updates released in August 2023, November 2023, and October 2025, and has been made in compliance with the applicable SEBI Master Circular requirements.
Status of Arbitration Proceedings
The company stated that OEG Inc. and Sterling and Wilson Solar Solutions, Inc. have jointly agreed to withdraw the arbitration proceedings between them. The arbitration has been dismissed with prejudice, bringing the matter to a formal close and preventing the same claims from being pursued again in the same manner.
While the arbitration has been dismissed, certain counterclaims referred to in the arbitration order dated March 13, 2025, have been explicitly reserved. The dismissal order does not provide for any recovery of costs, expenses, or legal fees by either party. A general order of dismissal has been issued to conclude the proceedings.
Parties to the Dispute
The arbitration involved OEG Inc., USA, as the claimant, and Sterling and Wilson Solar Solutions, Inc., USA, as the respondent. Sterling and Wilson Solar Solutions, Inc. is a wholly owned subsidiary of Sterling and Wilson Renewable Energy Limited.
Management and Financial Implications
Sterling and Wilson Renewable Energy Limited clarified that the dispute does not involve any proceedings against its promoters, key managerial personnel, or ultimate controlling entities. The company also confirmed that no settlement has been reached involving payments, penalties, or compensation that would result in a financial impact on the listed entity.
Summary
Sterling and Wilson Renewable Energy Limited has informed that the arbitration between its US subsidiary and OEG Inc. has been mutually dismissed with prejudice, formally closing the proceedings. No costs or financial settlements have been awarded, certain counterclaims remain reserved, and the matter has no impact on the company’s management or financial position.
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