Suzlon energy has completed the allotment of 6,57,000 equity shares to employees under its Employee Stock Option Plan 2022 (ESOP 2022). The Securities Issue Committee of the Board of Directors approved this allotment through a circular resolution passed on 13th April 2026.

Share Allotment Details

The allotted shares are fully paid-up equity shares with a face value of Rs.2.00 each, issued in dematerialised form to option grantees. The total value of the allotment amounts to Rs.1,11,22,500, representing the exercise of stock options by eligible employees of the company and its subsidiaries.

Exercise Price Structure

The stock options were exercised at different price points based on their respective grant dates. The first grant from 22nd May 2023 allowed employees to exercise 2,44,500 options at Rs.5.00 per share, including a premium of Rs.3.00 over the face value. The second grant from 23rd May 2024 involved 4,12,500 options exercised at Rs.24.00 per share, with a premium of Rs.22.00.

Updated Capital Structure

Following this allotment, Suzlon Energy's paid-up capital has been revised upward. The company's total paid-up capital now stands at Rs.2,743,06,79,518, divided into 1,371,53,39,759 fully paid-up equity shares, each carrying a face value of Rs.2.00.

Regulatory Compliance

The allotment was conducted in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company has duly informed both the National Stock Exchange of India Limited and BSE Limited about this development.

Suzlon Energy Limited has initiated a postal ballot process to seek shareholder approval for the appointment of Mr. Girish Vanvari as an Independent Director. The company issued the postal ballot notice on 10th April 2026, requesting shareholders to vote on the proposed appointment through remote e-voting.

Appointment Details

The postal ballot seeks approval for appointing Mr. Girish Vanvari as an Independent Director for a term of five years, effective from 24th February 2026 to 23rd February 2031. Mr. Vanvari was initially appointed as an Additional Director in the capacity of an Independent Director on 24th February 2026, subject to shareholder approval.

Remote E-Voting Process

The company has implemented a remote e-voting system for the postal ballot, with KFin Technologies Limited serving as the Registrar and Share Transfer Agent. The voting process will be conducted entirely through electronic means, with no physical postal ballot forms being distributed.

Director's Background and Experience

Mr. Girish Vanvari brings extensive experience to the board, with more than three decades of expertise across various domains including taxation, corporate finance, mergers and acquisitions, valuations, corporate restructuring, and corporate governance. He is known for bringing financial discipline and oversight, regulatory insight, and practical business judgment to boardroom deliberations.

The director currently serves on the boards of several listed companies including:

• Aurobindo Pharma Limited (Chairman of Audit Committee and Risk Management Committee)
• Himadri Specialty Chemical Limited (Chairman of Audit Committee)
• Rategain Travel Technologies Limited (Chairman of multiple committees)
• Kolte-Patil Developers Limited (Member of various committees)
• Blue Jet Healthcare Limited (Chairman of Audit Committee)

Regulatory Compliance and Process

The postal ballot process is being conducted in accordance with Section 110 of the Companies Act, 2013, and Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has appointed Mr. D S M Ram (Membership No. A14939) of DSMR & Associates, Company Secretaries, Hyderabad, as the Scrutinizer to ensure a fair and transparent voting process.

Shareholder Information

Shareholders whose email addresses are registered with the company or depository participants will receive the postal ballot notice electronically. Those who have not registered their email addresses can request the voting instructions by contacting KFin Technologies Limited at einward.ris@kfintech.com with the required documentation.

The Board of Directors has recommended the approval of Mr. Vanvari's appointment, citing his skills, expertise, and competencies that would benefit the company. The resolution requires approval by special resolution, and if passed, will be deemed effective from the last date of the e-voting period.