StockWatch
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Heavy Electrical Equipment
Board Meeting29 Oct 2026, 04:03 pm

Suzlon Energy Approves Financial Results, Two Acquisitions

AI Summary

Suzlon Energy's Board of Directors met on October 29, 2026, approving the unaudited limited reviewed financial results for the quarter and six months ended September 30, 2026, on both standalone and consolidated bases. The company also approved the acquisition of 100% equity shares of Suzlon Foundation Limited for ₹10 Lacs, making it a wholly-owned subsidiary. Additionally, Suzlon Energy will invest up to ₹1 Crore in OE Business Park Private Limited, which will also become a subsidiary post-investment. The Board also revised its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information, effective November 1, 2026.

Key Highlights

  • Suzlon Energy declared unaudited financial results for Q2 FY27.
  • Acquisition of Suzlon Foundation for ₹10 Lacs approved.
  • Investment of up to ₹1 Crore in OE Business Park Private Limited approved.
  • Suzlon Foundation and OE Business Park will become subsidiaries.
  • Revised Code of Practices for Fair Disclosure to be effective Nov 1, 2026.