Suzlon Energy Limited Allots 77,000 Equity Shares Under ESOP 2022 After Employee Stock Option Exercise
Mumbai, March 11, 2026: Suzlon Energy Limited has announced the allotment of 77,000 fully paid-up equity shares under its Employee Stock Option Plan 2022 (ESOP 2022) after eligible employees exercised their stock options.
The disclosure was made to the stock exchanges — National Stock Exchange of India and BSE Limited — in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with the SEBI Share-Based Employee Benefits regulations.
Shares Allotted After ESOP Exercise
According to the company, the Securities Issue Committee of the Board of Directors approved the allotment through a circular resolution passed on March 11, 2026.
The shares were issued in dematerialised form to employees of Suzlon and its subsidiaries who exercised their options under ESOP 2022.
Key Details of the Allotment
| Grant Date | Options Exercised | Exercise Price | Amount Realised | Shares Issued |
|---|---|---|---|---|
| May 22, 2023 (Grant 1) | 72,000 | ₹5 per share (₹3 premium) | ₹3,60,000 | 72,000 |
| May 23, 2024 (Grant 2) | 5,000 | ₹30 per share (₹28 premium) | ₹1,50,000 | 5,000 |
| Total | 77,000 | — | ₹5,10,000 | 77,000 |
The allotment resulted in the company receiving ₹5.10 lakh from the exercise of the employee stock options.
Updated Share Capital
Following the allotment, the paid-up share capital of Suzlon Energy Limited has increased to:
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₹2,742,93,65,518 total paid-up capital
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Divided into 1,371,46,82,759 fully paid-up equity shares
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Face value: ₹2 per share
Strengthening Employee Ownership
The ESOP programme is part of Suzlon’s strategy to reward employees and align their interests with long-term company growth. By enabling employees to become shareholders, the company aims to strengthen engagement and incentivise performance.
The filing was signed by Geetanjali S. Vaidya, Company Secretary of Suzlon Energy Limited, and submitted to both stock exchanges for information of shareholders and the public.