Suzlon Energy Limited has successfully allotted 17.20 lakh equity shares worth ₹35.35 crores to employees under its Employee Stock Option Plan 2022. The Securities Issue Committee of the Board of Directors approved this allotment through a circular resolution passed on 13th February 2026.

ESOP Allotment Details

The allotment comprises fully paid-up equity shares with a face value of ₹2.00 each, issued in dematerialised form to eligible employees of the company and its subsidiaries. The shares were allocated across two distinct grant tranches with varying exercise prices.

Share Capital Impact

Following this ESOP allotment, Suzlon Energy's capital structure has been updated significantly. The company's paid-up capital now stands at ₹2,742.92 crores, divided into 1,371.46 crore fully paid-up equity shares.

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 corporate action.

Grant Structure Analysis

The two-tiered grant structure reflects different market conditions and employee incentive strategies. Grant 1 from May 2023 carried a lower exercise price of ₹5.00 per share, while Grant 2 from May 2024 was priced significantly higher at ₹30.00 per share, indicating the company's improved market valuation during the intervening period.

This ESOP exercise demonstrates employee confidence in the company's long-term prospects and provides Suzlon Energy with additional capital resources while aligning employee interests with shareholder value creation.

Suzlon Energy Limited delivered exceptional performance in Q3 FY26, setting new benchmarks in execution and financial metrics during its earnings conference call held on February 05, 2026. The wind energy company achieved record-breaking quarterly deliveries while maintaining strong order book momentum and robust financial health.

Record-Breaking Quarterly Performance

Suzlon achieved its highest-ever quarterly deliveries of 617 MW in Q3 FY26, marking the highest quarterly deliveries in India since the company's inception. This milestone demonstrates the company's enhanced execution capabilities and strong market position in India's rapidly growing wind energy sector.

The company's nine-month FY26 performance was equally impressive, with deliveries growing 66% to 1,625 MW, already surpassing the full-year FY25 level of 1,550 MW. This acceleration in execution reflects Suzlon's enhanced manufacturing capabilities and improved project management.

Strong Order Book and Market Position

Suzlon maintained its market leadership with a record order book of 6.4 GW, supported by over 3 GW of new order wins during the current financial year. The company achieved a book-to-bill ratio of 1.9x, indicating strong demand visibility and future revenue security.

The S144 turbine platform continued to gain strong customer acceptance, with order book exceeding 5.4 GW. The company's focus on expanding EPC offerings showed positive results, with EPC share growing from 20% to 27% in Q3, enhancing competitive positioning and accelerating order book growth.

Nine-Month Financial Highlights

For the nine months ended December 2025, Suzlon demonstrated strong financial performance across all key metrics. Revenue increased 58% year-on-year to INR11,211 crores, while consolidated EBITDA grew 77% to INR2,058 crores, reflecting improved operational efficiency and margin expansion.

Balance Sheet Strength and Manufacturing Expansion

Suzlon's balance sheet as of December 2025 reflects exceptional financial strength with consolidated net worth of INR8,332 crores and net cash position of INR1,556 crores. This strong financial position provides flexibility for growth investments and enhances operational resilience.

The company's 4.5 GW manufacturing capacity is fully operational and scaled to support the current order book. Suzlon is establishing three new AI-enabled smart blade factories to further expand manufacturing footprint and enhance technological capabilities.

Subsidiary Performance and Strategic Initiatives

SE Forge, Suzlon's forging and foundry business, delivered strong performance with 33% year-on-year revenue growth in nine months to INR429 crores and EBITDA of INR88 crores. The subsidiary is positioned to benefit from stronger domestic demand and emerging export opportunities.

Suzlon's OMS business maintains robust performance with over 15.5 GW under management in India and machine availability consistently above 95%. The company was recognized among the top 10 most sustainable companies globally for 2026 by Corporate Knights, being the only Indian company featured in the Global 100 Most Sustainable Corporation list.

Management Outlook and Guidance

Management reaffirmed confidence in achieving FY26 guidance of 60% year-on-year growth across key performance indicators. Group CEO J.P. Chalasani emphasized that order intake remains strong, with the primary focus on improving execution capabilities to meet growing demand. The company is developing a strong pipeline of over 25 GW through its development initiatives, positioning for sustained long-term growth in India's expanding wind energy market.