Suzlon Energy has appointed Ms. Anjali Byce as Group Chief Human Resource Officer effective July 29, 2026, marking a leadership transition at the senior management level. The appointment follows the resignation of Mr. Rajendra Mehta from the same role, which became effective at the close of business hours on July 28, 2026. The company disclosed these changes to the stock exchanges on July 28, 2026, pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This transition ensures continuity in human resources strategy as Mr. Mehta moves into a consulting role he had long aspired to pursue.

Leadership Transition Details

Mr. Rajendra Mehta submitted his resignation letter dated July 28, 2026, to Group Chief Executive Officer Mr. Ajay Kapoor. In his letter, Mr. Mehta cited his decision to transition into a consulting role as the primary reason for his departure. He confirmed that his last working day would be July 28, 2026, and expressed his commitment to ensuring a smooth handover of responsibilities over the preceding weeks. Mr. Mehta is not related to any of the Directors of the Company.

Ms. Anjali Byce assumes the role of Group Chief Human Resource Officer immediately following Mr. Mehta’s cessation. She is designated as one of the Senior Management Personnel (SMPs) of the Company. Her appointment is structured as a full-time employee position, meaning it is not subject to specific terms of appointment under the applicable disclosure framework. Like her predecessor, Ms. Byce is not related to any of the Directors of the Company.

The key details of the personnel change are summarised below:

Profile of Ms. Anjali Byce

Ms. Anjali Byce brings approximately 27 years of experience across diverse sectors including manufacturing, automotive, industrial, engineering, technology, and financial services. She holds a Master's degree in Applied Psychology from Delhi University and a Post Graduate Diploma with a major in Human Resources from the Symbiosis Centre for Management and Human Resource Development. Additionally, she has completed executive education at IMD Business School.

Most recently, Ms. Byce served as Chief Human Resources Officer at Tata Motors. Prior to this role, she held senior positions at Sterlite Technologies, SKF India, Thermax, and Cummins. Across her career, she has led functional excellence in areas such as sales and strategic human resources, industrial relations, organisational development, learning and development, corporate social responsibility, health, safety and environment, and administration.

Her contributions to the HR profession have been recognised with several industry awards, including CHRO of the Year and recognition among the Top 100 Most Talented Global HR Leaders. She is also a published author who has contributed extensively to articles across print and media platforms.

Regulatory Compliance

The intimation regarding the change in Senior Managerial Personnel was filed by Company Secretary Ms. Geetanjali S. Vaidya on behalf of Suzlon Energy Limited. The disclosure was addressed to both the National Stock Exchange of India Limited and BSE Limited in compliance with the Listing Regulations. The filing included a copy of Mr. Mehta’s resignation letter and the brief profile of Ms. Byce as required under Annexure A of the regulatory framework.

Suzlon Energy has laid out a comprehensive growth strategy at its Investor Day, projecting wind installations in India to exceed 10 gigawatts in the near term and setting a longer-term target of 15 GW by FY31. These ambitions are anchored against India's national goal of achieving 100 GW in wind energy capacity by 2030, positioning the company as a key participant in the country's renewable energy transition.

Renewable Sales Targets and Business Model

Suzlon Energy's Investor Day outlined a target of 10 GW in total renewable sales by FY31, with 7,500 MW expected to come from wind plus solar and BESS (Battery Energy Storage Systems). The company has also set a target of 3.1 GW in BESS by FY31, reflecting its intent to diversify beyond traditional wind energy offerings. To manage capital deployment, Suzlon Energy has established an investment cap of INR 500 crore for its DevCo model, underscoring a disciplined approach to project development.

The key business targets are summarised below:

Suzlon 2.0: Five-Year Growth Ambition

Under its Suzlon 2.0 strategic framework, the company is targeting a 25% CAGR over the next five years. This growth agenda encompasses expansion across wind, solar, and energy storage segments, reflecting the company's intent to scale its renewable energy portfolio in line with India's accelerating clean energy demand.

Supply Chain Challenges and Near-Term Outlook

Suzlon Energy acknowledged that 10% to 20% of Q1 deliveries were delayed due to supply chain issues, though the company anticipates a recovery in the near term. This disruption highlights ongoing logistical pressures within the renewable energy supply chain, even as overall demand for wind installations remains robust.

Financial Guidance: Margins and Capital Expenditure

On the financial front, Suzlon Energy has provided guidance for the current year, projecting EBITDA margins in the range of 17% to 18%, with a potential variation of 1% to 2%. Capital expenditure is targeted at approximately INR 700 crores, with an allowable variation of INR 100 crores. The financial guidance is outlined below:

Suzlon Energy's Investor Day disclosures present a multi-pronged strategy combining aggressive capacity targets, disciplined capital allocation through the INR 500 crore DevCo cap, and a clear financial framework anchored by defined EBITDA and CAPEX ranges. The company's 25% CAGR ambition under Suzlon 2.0, combined with its near-term focus on resolving supply chain disruptions, reflects a structured approach to scaling operations within India's rapidly evolving renewable energy landscape.