Suzlon Energy Allots 1,95,000 Equity Shares Under Employee Stock Option Plan 2022
Suzlon Energy allotted 1,95,000 fully paid-up equity shares of Rs.2/- face value each on 13 May 2026 under ESOP 2022, realising a total of Rs.28,50,000/- through option exercises across two grant tranches dated 22-05-2023 and 23-05-2024. Post-allotment, the company's paid-up capital stands at Rs.2743,10,69,518/-, comprising 1371,55,34,759 fully paid-up equity shares. The allotment was approved by the Securities Issue Committee via circular resolution and disclosed to stock exchanges in compliance with SEBI Listing Regulations.
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Suzlon Energy 's Securities Issue Committee of the Board of Directors, through a circular resolution passed on 13 May 2026, approved the allotment of 1,95,000 (One Lac Ninety Five Thousand) fully paid-up equity shares of the company. Each share carries a face value of Rs.2/- (Rupees Two Only) and was allotted at a premium in dematerialised form to option grantees. The allotment was made pursuant to the exercise of options granted to eligible employees of the company and its subsidiaries under the Employee Stock Option Plan 2022 (ESOP 2022), in accordance with Regulation 30 of the SEBI Listing Regulations read with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
ESOP 2022 Allotment Details
The total money realised through the exercise of stock options aggregated to Rs.28,50,000/- (Rupees Twenty Eight Lacs Fifty Thousand Only). The allotment was made across two grant tranches, with exercise prices and proceeds detailed below:
| Parameter: | Grant 1 | Grant 2 | Total |
|---|---|---|---|
| Grant Date: | 22-05-2023 | 23-05-2024 | — |
| Options Exercised (Nos.): | 1,20,000 | 75,000 | 1,95,000 |
| Exercise Price per Share (Face Value Rs.2.00): | Rs.5.00 (premium of Rs.3.00) | Rs.30.00 (premium of Rs.28.00) | — |
| Money Realised (Rs.): | 6,00,000 | 22,50,000 | 28,50,000 |
| Shares Arising from Exercise (Nos.): | 1,20,000 | 75,000 | 1,95,000 |
| Distinctive Nos.: | 14023533823 to 14023728822 | — | — |
Post-Allotment Capital Structure
Following the completion of this allotment, Suzlon Energy's paid-up capital has been updated as outlined below:
| Parameter: | Details |
|---|---|
| Paid-Up Capital (Rs.): | Rs.2743,10,69,518/- (Rupees Two Thousand Seven Hundred Forty Three Crores Ten Lacs Sixty Nine Thousand Five Hundred Eighteen Only) |
| Total Equity Shares: | 1371,55,34,759 (One Thousand Three Hundred Seventy One Crores Fifty Five Lacs Thirty Four Thousand Seven Hundred Fifty Nine) |
| Face Value per Share: | Rs.2/- (Rupees Two Only) |
| Share Form: | Fully paid-up |
The disclosure was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was communicated to both the National Stock Exchange of India Limited and BSE Limited. The company's Company Secretary, Geetanjali S. Vaidya, signed and submitted the disclosure on 13 May 2026.
Historical Stock Returns for Suzlon Energy
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.69% | -3.25% | +17.40% | -6.66% | -10.15% | +937.38% |
How might the continued dilution from Suzlon's ESOP 2022 program impact earnings per share as more tranches become eligible for exercise in future quarters?
Given the significant difference in exercise prices between Grant 1 (Rs.5) and Grant 2 (Rs.30), what does this suggest about Suzlon's employee retention strategy and future ESOP grant pricing?
With Suzlon's total equity share count now exceeding 1,371 crore shares, how could further ESOP allotments affect institutional investor sentiment and shareholding patterns?
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