Suzlon Energy Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 25, 2025. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
SUZLON · price
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Suzlon Energy held its 30th AGM on September 25, 2025, via video conferencing, from 11:00 AM to 12:00 PM IST. All six ordinary resolutions were passed with the requisite majority, including adoption of FY2024-25 financial statements, re-appointment of Mr. Girish R. Tanti as Director and Executive Director, re-appointment of Mr. Vinod R. Tanti as Managing Director, appointment of M/s. Chirag Shah and Associates as Secretarial Auditors, and approval of Cost Auditor remuneration for FY2025-26. Total valid votes polled were approximately 681 crore shares, representing about 49.7% of the 1,370.86 crore outstanding shares. Notably, resolutions on the re-appointment of Mr. Vinod R. Tanti as Managing Director and Mr. Girish R. Tanti as Executive Director saw significant dissent, with around 33% and 31.5% of votes polled against them respectively, largely driven by public institutional shareholders.
While all resolutions passed, the unusually high 31-33% dissent on the re-appointment of the promoters (Vinod R. Tanti as MD and Girish R. Tanti as Executive Director) signals some institutional shareholder discomfort with promoter leadership, which investors should monitor. The smooth approval of financial statements and auditor appointments indicates no major governance roadblocks.