SUZLON ENERGY LTD. — Capital/Financing Update 2021

Aug 17, 2021

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17[th] August 2021.

National Stock Exchange of India Limited, “Exchange Plaza”, Bandra-Kurla Complex, Bandra (East), Mumbai-400051.

BSE Limited, P.J. Towers, Dalal Street, Mumbai-400001.

Dear Sirs,

Sub.: Allotment of equity shares pursuant to conversion of Bonds.

Ref.: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This is to inform that the Securities Issue Committee of the Board of Directors of the Company, by way of circular resolution passed on 17[th] August 2021, approved allotment of 3,17,42,538 (Three Crores Seventeen Lacs Forty Two Thousand Five Hundred Thirty Eight) equity shares in terms of the Consent Solicitation and Information Memorandum dated 26[th] March 2020 as supplemented on 31[st] March 2020 and 2[nd] April 2020 (“CSIM”) as under:

• 1. 1,36,75,039 (One Crore Thirty Six Lacs Seventy Five Thousand Thirty Nine) equity shares of the Company bearing distinctive numbers from 9170038441 to 9183713479 and having a face value of Rs.2/(Rupees Two Only) each on conversion of 1,470 (One Thousand Four Hundred Seventy) US$ denominated Convertible Bonds due 2032 (“Bonds”) having a face value of US$ 320 each, which after capitalising interest @ 2.75% per annum accrued on half yearly basis on the Bonds is aggregating to US$ 476,868, at a conversion price of Rs.2.61 (Rupees Two and Paise Sixty One Only) per equity share with a fixed rate of exchange on conversion of Rs.74.8464 to US$ 1.00, pursuant to the conversion notice received from the Bondholder forming part of US$ denominated Convertible Bonds due 2032; and
• 1. 1,80,67,499 (One Crore Eighty Lacs Sixty Seven Thousand Four Hundred Ninety Nine) equity shares bearing distinctive numbers from 9183713480 to 9201780978 having a face value of Rs.2/- (Rupees Two Only) each of the Company on conversion of 2,031 (Two Thousand Thirty One) US$ 546,916,000 Step-up Convertible Bonds due July 2019 of US$ 1,000 each pursuant to conversion instructions received from the Bondholders forming part of US$ 546,916,000 Step-up Convertible Bonds due July 2019.

Remaining 132 (One Hundred Thirty Two) Bonds forming part of US$ 546,916,000 Step-up Convertible Bonds due July 2019 for which conversion instructions have not been received till 16[th] August 2021 in terms of CSIM have lapsed and accordingly stand cancelled w.e.f. 17[th] August 2021.

Post aforesaid allotment, the paid-up capital of the Company is Rs.1780,35,61,956/- (Rupees One Thousand Seven Hundred Eighty Crores Thirty Five Lacs Sixty One Thousand Nine Hundred Fifty Six Only) divided into 890,17,80,978 (Eight Hundred Ninety Crores Seventeen Lacs Eighty Thousand Nine Hundred Seventy Eight) equity shares of Rs.2/- (Rupees Two Only) each.

This is for your information as also for the information of your members and the public at large.

Thanking you,

Yours faithfully, For Suzlon Energy Limited

Geetanjali S.Vaidya, Company Secretary.