Suzlon Energy Limited has informed the Exchange regarding Allotment of 657000 Shares.
SUZLON · price
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Suzlon Energy Limited has allotted 657,000 fully paid-up equity shares of Rs.2 each to eligible employees who exercised their stock options under the Employee Stock Option Plan 2022 (ESOP 2022). The Securities Issue Committee approved this allotment on April 13, 2026. The exercise generated Rs.1.11 crore (Rs.1,11,22,500) in total proceeds for the company. Two grant tranches were exercised: 244,500 shares at Rs.5 per share (Grant 1 from May 2023) and 412,500 shares at Rs.24 per share (Grant 2 from May 2024). Post-allotment, the company's paid-up capital stands at approximately Rs.2,743.07 crore comprising 1,371.53 crore shares.
This is a routine employee stock option exercise resulting in modest equity dilution of about 0.048%. No material impact expected on the stock price as this is a standard ESOP-related allotment rather than a fresh capital raise from external investors.