Suzlon Energy Limited’s Board of Directors convened on October 29, 2026, approving the unaudited financial results for the quarter and half-year ended September 30, 2026. The Board also sanctioned the acquisition of 100% equity shares of Suzlon Foundation Limited for an aggregate consideration of ₹10 Lacs, making it a wholly-owned subsidiary. An investment of up to ₹1 Crore in OE Business Park Private Limited was also approved.
Board Meeting Outcomes
On October 29, 2026, Suzlon Energy Limited announced key decisions made during its Board of Directors meeting held on the same day. The meeting, which commenced at 12:00 PM IST and concluded at 3:30 PM IST, covered several critical agenda items impacting the company’s financial standing and operational structure.
Financial Results Approval
The Board approved the unaudited Limited Reviewed Financial Results of the Company on a standalone and consolidated basis for the quarter and six months ended September 30, 2026. Copies of these results, along with the Limited Review Reports and a press release, are available on the company’s website.
Acquisition of Suzlon Foundation
In a strategic move, Suzlon Energy will acquire 1,00,000 equity shares of Suzlon Foundation Limited, representing 100% of its equity share capital. The aggregate consideration for this acquisition is ₹10 Lacs. Upon completion, Suzlon Foundation will become a wholly-owned subsidiary of Suzlon Energy Limited. This acquisition is aimed at effectively managing and scaling the company’s long-term CSR initiatives and ensuring greater control and governance.
Investment in OE Business Park
The Board also approved an investment of up to ₹1 Crore in OE Business Park Private Limited (OEBPPL). Following this investment, OEBPPL is expected to become a subsidiary of Suzlon Energy Limited. Further details regarding these transactions are provided in Annexures A and B.
Code of Practices Revision
Additionally, the Board approved a revision in the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information. This revised code will be effective from November 1, 2026, and is enclosed as Annexure C.
Source: BSE
