Suzlon Energy to reorganize reserves, reports reduced customs fine

Suzlon Energy Limited will hold meetings for its equity shareholders and unsecured creditors on Friday, December 12, 2025, to approve a scheme of arrangement. This scheme involves a reorganization and reclassification of reserves, including the adjustment of debit balances in retained earnings against various credit balances like capital reserve and general reserves, aiming to reflect the company's true financial health. Remote e-voting for both groups will be open from December 9 to December 11, 2025.

In a separate development, Suzlon Energy announced the allotment of 19,25,750 fully paid-up equity shares under its Employee Stock Option Plan 2022, realizing a total of INR 2,97,53,750 for cash. This allotment impacts the paid-up capital, which now stands at INR 2742,34,81,018. The company also reported a reduction in a customs penalty from INR 4,28,50,048 to INR 2,15,83,745, as reassessed by the commissioner of customs (NS-V), though Suzlon plans to appeal further. The company confirms no material impact on financial or operational activities from this customs matter.