Suzlon Energy Allots 48 Lakh Equity Shares Under ESOP 2022; Realizes Rs 17 Crore Proceeds
Suzlon Energy Limited has approved the allotment of 48,88,696 equity shares to option grantees pursuant to the exercise of options granted under the Employee Stock Option Plan 2022 (ESOP 2022). The shares, which have a face value of Rs. 2/- each, were allotted fully paid-up in dematerialized form for cash at a premium.The allotment was approved by the Securities Issue Committee of the Board of Directors on June 20, 2026, and resulted in proceeds amounting to Rs. 17,50,74,681. This transaction includes options exercised across five different grant dates ranging from May 2023 to May 2025.
The details of the stock option exercise are provided below:
| Grant Date | Options Exercised (Nos.) | Exercise Price per Share | Money Realized by Options (Rs.) | Total Shares Arising |
|---|---|---|---|---|
| 22-05-2023 (Grant 1) | 1,02,000 | Rs. 5.00 | 5,10,000 | 1,02,000 |
| 23-05-2024 (Grant 2) | 13,36,064 | Rs. 30.00 | 4,00,81,920 | 13,36,064 |
| 23-05-2024 (Grant 3) | 5,77,234 | Rs. 24.00 | 1,38,53,616 | 5,77,234 |
| 19-05-2025 (Grant 4) | 11,38,645 | Rs. 45.00 | 5,12,39,025 | 11,38,645 |
| 19-05-2025 (Grant 5) | 17,34,753 | Rs. 40.00 | 6,93,90,120 | 17,34,753 |
| Total | 48,88,696 | - | 17,50,74,681 | 48,88,696 |
Following the allotment of these shares, the paid-up capital of Suzlon Energy Limited stands at Rs. 2748,55,94,976. This total is divided into 1374,27,97,488 fully paid-up equity shares, each having a face value of Rs. 2/-.
SUZLON Stock Price Movement
On Friday, Suzlon Energy Limited shares edged higher in the closing session, gaining 1.47% to settle at ₹59.2. The stock saw significant activity throughout the day, trading a total volume of 139.92 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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