Suzlon Energy Limited has informed the Exchange regarding Allotment of 3033000 Shares.
SUZLON · price
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Suzlon Energy has allotted 30,33,000 equity shares (face value Rs. 2) to employees who exercised their stock options under the ESOP 2022 plan. The allotment covers three separate grants: 16,59,500 shares at Rs. 5 per share (Grant 1, 2023), 9,91,000 shares at Rs. 30 per share (Grant 2, 2024), and 3,82,500 shares at Rs. 24 per share (Grant 3, 2024). The company received a total of Rs. 4.72 crore from these option exercises. After this allotment, Suzlon's paid-up equity capital stands at approximately Rs. 2,740 crore, divided into 1,370,19,44,259 fully paid-up equity shares.
This is a routine ESOP exercise with negligible dilution (~0.02% increase in share count) given Suzlon's massive existing base of over 1,370 crore shares. The low exercise prices reflect options granted years ago, meaning employees are realizing significant value versus current market price, which is a positive sign for retention. Existing shareholders face only marginal dilution impact.