Suzlon Energy Ltd

Suzlon Energy Ltd: Trading Window Closed from 1 October 2026 until 48 (Forty Eight) hours after the declaration of the financial results for the quarter and half year ending 30 September 2026

ESOP Allotment Update

• Allotment of 6,40,726 fully paid equity shares under ESOP 2022 approved on 18 Sep 2026.
• Aggregate value Rs 1,87,31,520; post-allotment paid-up capital Rs 2749,25,54,724.
• Shares allotted in dematerialised form to option grantees under ESOP 2022.

Meeting Details

• Date of participation: 22 September 2026; time not disclosed.
• Type/Mode: Analysts/Investors’ Conference; Physical.
• Organizer: Anand Rathi.
• Company participants: IR team to attend.
• Purpose: IR presentation to be presented/discussed.
• Presentation availability: IR presentation will be available on company and stock exchange websites.

AGM Details

• Thirty-first AGM held on 11 September 2026 at 11:00 a.m. via VC/OAVM.
• Meeting started 11:00 a.m. and concluded 12:47 p.m.
• Notice for AGM dated 28 July 2026.
• Cut-off date for voting: 4 September 2026.
• Total shareholders on cut-off: 5,755,572.

Resolutions

• Resolution 1: Adopt financial statements for FY 2025-26; Ordinary.
• Resolution 2: Re-appoint Vinod R. Tanti as Director.
• Resolution 3: Approve remuneration of Cost Auditors for FY 2026-27.

Voting Results

• Resolution 1 passed; 99.92% in favour on votes polled.
• Resolution 2 passed; 78.60% in favour on votes polled.
• Resolution 3 passed; 99.96% in favour on votes polled.

Dividend

• No dividend proposed or declared.

Director Changes

• Vinod R. Tanti re-appointed as Director.

Auditors

• Remuneration of Cost Auditors approved for FY 2026-27.

Related Party Transactions

• Promoter interest noted; not a material related party transaction.

Order details

• Awarding entity: Torrent Green Energy, a Torrent Group company (India).
• Scope: Suzlon to supply 76 S144 wind turbines (3.3 MW each) with grid integration and long-term O&M.
• Order size: 250 MW wind project.
• Domestic: India.
• Execution is in FY27; no completion deadline disclosed.
• Key terms: grid integration and long-term AMS/O&M; payment terms undisclosed.
• Related party: Torrent Group promoter; arm's length not disclosed.
• Impact: strengthens order book; partnership to over 1.3 GW across three states.

Key FY26 highlights

• Consolidated revenue ₹16,679.11 Cr; EBITDA ₹3,022.38 Cr; PAT ₹3,163.39 Cr.
• Order book ~5.9 GW; India deliveries 2,456 MW; 22,000+ MW installed base.
• Manufacturing capacity 4,500 MW annually; S144 orders near 9,000 MW.
• Net cash ₹2,384 Cr; debt down ₹19 Cr; parent has no fund-based borrowings.
• Standalone FY26 revenue ₹15,053.58 Cr; EBITDA ₹2,821.81 Cr; PAT ₹4,111.01 Cr.
• Geography revenue – India ₹16,312.33 Cr; Outside India ₹366.78 Cr.
• Dividend declared for year: Nil.
• CEO Ajay Kapur appointed Group CEO from 24 Feb 2026; CFO Rahul Jain appointed 15 Dec 2025.
• Scheme of Arrangement approved 29 Apr 2026; effective 5 May 2026; retained earnings adjustments.
• Capital expenditure ₹576.98 Cr; remaining commitments ₹38.47 Cr.

Financial performance

• Consolidated revenue ₹16,679.11 crore.
• Net profit after tax ₹3,163.39 crore.
• ROE 40.64%.
• Earnings per share (basic) ₹2.31.

Operational metrics & geography

• Order book 5.9 GW.
• India revenue ₹16,312.33 crore.
• Capex ₹576.98 crore.

Capital structure & dividends

• Net debt -₹689.92 crore.
• Dividend: no dividend declared.
• Gearing ratio 0.07x.

Overview

• Consolidated BRSR for SEL and Indian subsidiaries covering FY25-26.
• Main activities: wind turbine generators, operations & maintenance, and project execution.
• Aligned with SEBI BRSR nine principles; sustainability embedded across strategy and value chain.

Key ESG Risks & Opportunities

• GHG emissions and climate risks; DMA-based decarbonisation integrated with ERM.
• Sustainable supply chain risks and opportunities; ISO 20400; 94.33% Tier-1 suppliers assessed.
• Talent management and human rights risks; 93% return-to-work for women; HRDD across operations.
• Public policy engagement risks; transparent advocacy; 100% ABAC training and policy oversight.
• Product stewardship and low-carbon design; S144 PCF 6.17 gCO2/kWh; enhanced circularity.

Governance & Policy Highlights

• Board, KMPs, and employees trained 100% on NGRBC principles.
• ABAC policy aligned with UN SDG/OECD; ISO 37001; Whistleblower and ethics policies in place.
• FY25-26 penalties total ₹13.12 Cr; 15 notices; 5 appeals.
• ISO 20400 certification achieved; Sustainable Supply Chain Framework launched.
• DMA aligned with EFRAG-ESRS; SGS provided assurance on GHG and BRSR indicators.

Social Responsibility & Workforce

• Total employees 8,301; 93.5% male, 6.5% female; 34 differently abled.
• 93% return-to-work and retention rate for female employees.
• CSR: 4,432 activities in 1,268 villages; reached 23.1 lakh people; ₹0.41 crore co-funding.
• Grievance mechanisms include 24x7 helpline and CHRO Connect for HR-related concerns.

Environmental Performance

• Scope 1 emissions: 6,835 tCO2e; Scope 2: 49,564 tCO2e.
• GHG intensity: 0.00000032 tCO2e per rupee turnover.
• Renewable energy use up 22.79%; 25.1% RE share toward RE100 by 2030.
• Zero Waste to Landfill achieved with 97.5% diversion.
• Water recycling up 65.16%; ZLD at all plants; water neutrality goals.
• S144 PCF 6.17 gCO2e/kWh; LCA verified; PCF verified by TÜV SÜD.
• Local sourcing 79% inputs from India; 20% from MSMEs.

Stakeholder Engagement & Complaints

• DMA with EFRAG-ESRS; stakeholder engagement via CAP, surveys, and forums.
• Complaints: Communities 21; Shareholders 209; Employees 15; Customers 3; Anonymous 12.
• Grievance redressal: 60-day resolution; 24x7 helpline; third-party channels.

Other Notable Metrics

• 100% products labelled with environmental and social parameters.
• No data breaches; no product recalls; no anticompetitive conduct.
• 79% procurement from India; 19.89% from MSMEs; 12 industry associations.
• 20 EVs adopted; 41.36 tCO2e avoided; 75.76% rotor blade plant energy from renewables.
• ISO 20400 verified; Green energy credits program in rotor blade operations.