Suzlon Energy receives exchange approval for scheme of arrangement

Suzlon Energy has received observation letters from the National Stock Exchange of India Limited and BSE Limited regarding its proposed Scheme of Arrangement. The letters, both dated July 3rd, 2025, indicate 'no adverse observations', signaling regulatory approval for the company to proceed. This development follows the company's initial announcement on October 28, 2024, regarding the scheme, which involves restructuring among the Company, its shareholders and creditors under Sections 230 and 231 of the Companies Act, 2013. Suzlon will now file the Scheme with the National Company Law Tribunal (NCLT) after abiding by the conditions in the letters from NSE and BSE.