Suzlon Energy Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
SUZLON · price
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Suzlon Energy Limited has announced the results of a postal ballot conducted for appointing Mr. Girish Vanvari as an Independent Director for a term of five years. The special resolution was passed on May 11, 2026, with 89.14% shareholder approval (5.79 billion votes in favour vs 705 million against). Promoter and Promoter Group voted 100% in favour, while Public Institutional shareholders showed 79.92% approval and Public Non-Institutional shareholders showed 99.90% approval. Total participation was 47.33% of eligible votes, with the scrutinizer confirming the resolution passed with requisite majority.
The appointment strengthens Suzlon Energy's board with a new Independent Director, bringing fresh expertise and maintaining compliance with corporate governance requirements. The strong shareholder endorsement signals confidence in the nominee despite 10.86% opposition, particularly from institutional investors.