Suzlon Energy’s Unsecured Creditors have approved the Scheme of Arrangement relating to Reorganisation and Reclassification of Reserves. The meeting, held on December 12, 2025, saw the resolution pass with the required majority. This approval marks a significant step in the company’s financial restructuring efforts, providing a clearer path for its future operations.
Unsecured Creditors Approve Reorganization Scheme
On December 12, 2025, Suzlon Energy announced that its Unsecured Creditors have approved the Scheme of Arrangement for Reorganisation and Reclassification of Reserves. The approval was granted during a meeting convened as per the order of the Honourable National Company Law Tribunal, Ahmedabad Bench.
Meeting Details and Voting Results
The meeting, held via video conferencing, commenced at 12:30 p.m. (IST) and concluded at 12:50 p.m. (IST). A practicing Company Secretary was appointed as the Scrutinizer to oversee the electronic voting process. The resolution to approve the scheme was passed with the requisite majority, indicating strong support from the Unsecured Creditors.
Voting Breakdown
A total of 47 Unsecured Creditors attended the meeting through video conferencing and voted on the resolution. The total value of votes polled was 23,25,00,80,466, with 22,82,31,55,435 votes in favor and 42,69,25,031 against, resulting in 98.1638% approval.
Details of Voting
Electronic voting accounted for 15,91,99,16,567, of which 15,49,29,91,536 were in favor and 42,69,25,031 against. Poll voting accounted for 7,33,01,63,899 votes in favor.
Source: BSE