Suzlon Energy Limited has informed the Exchange regarding Allotment of 1720000 Shares.
SUZLON · price
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Suzlon Energy's Securities Issue Committee approved the allotment of 17,20,000 fully paid-up equity shares (face value Rs.2 each) to employees who exercised their stock options under the ESOP 2022 plan. These shares were issued across two grant tranches — 6,50,000 shares from Grant 1 (2023) at Rs.5 per share and 10,70,000 shares from Grant 2 (2024) at Rs.30 per share. The company received a total of Rs.3.53 crore (including premium) from this exercise. After this allotment, the total paid-up equity capital stands at Rs.2,742.92 crore, divided into approximately 1,371.46 crore equity shares.
The dilution from this ESOP allotment is negligible (about 0.001% of existing share capital), so there is no meaningful impact on existing shareholders. The event is routine and signals healthy employee participation in the company's stock-based incentive plan.