Suzlon Energy Receives NCLT Approval for Reserve Reorganisation Scheme
Published on: May 1, 2026, 9:52 a.m. | Source: scanx.trade
Suzlon Energy Limited has received NCLT Ahmedabad Bench approval for its Scheme of Arrangement involving reorganisation and reclassification of reserves. The scheme, sanctioned on April 29, 2026, will become effective from September 30, 2024, upon filing with the Registrar of Companies, Gujarat. Under the arrangement, negative retained earnings will be adjusted chronologically against Capital Reserve, Capital Contribution, Capital Redemption Reserve, Securities Premium, and General Reserve, with remaining General Reserve balance reclassified to Retained Earnings. The accounting impact will be reflected in audited financial statements for the year ended March 31, 2026, following Board approval.
