Suzlon Energy Limited has informed the Exchange about Scheme of Arrangement
SUZLON · price
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Suzlon Energy Limited has received an order from the National Company Law Tribunal (NCLT), Ahmedabad Bench, dated 29th April 2026, approving a Scheme of Arrangement for reorganisation and reclassification of reserves. The scheme will be effective from 30th September 2024 (appointed date). Under the scheme, the negative balance in Retained Earnings will be adjusted chronologically against Capital Reserve, Capital Contribution, Capital Redemption Reserve, Securities Premium, and General Reserve. The company will also reclassify the balance in General Reserve Account to Retained Earnings Account. The actual accounting impact will be reflected in the audited financial statements for the year ended 31st March 2026.
This is an internal accounting reorganization to clean up negative retained earnings using other reserve balances. It does not involve any change in business operations, ownership structure, or shareholding. There is no direct impact on stock price or shareholder value from this reserve reclassification.