12th August 2025.

National Stock Exchange of India Limited, BSE Limited,

“Exchange Plaza”, P.J. Towers,
Bandra-Kurla Complex, Bandra (East), Dalal Street,
Mumbai-400051. Mumbai-400001.

Dear Sirs,

Sub.: Outcome of the Board Meeting dated 12th August 2025.

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

This is to inform that:

1. the Board of Directors of the Company (the “Board”), at its Meeting held on 12th August 2025
(which commenced at 2.00 p.m. (IST) and concluded at 3.25 p.m. (IST)), has, inter alia, approved
the following:

a. Unaudited Limited Reviewed Financial Results of the Company on standalone and

consolidated basis for the quarter ended on 30th June 2025. Enclosed please find the copy of
the said results and the copy of the Limited Review Reports (standalone and consolidated)
dated 12th August 2025.

Also find enclosed, a copy of the press release and the investors’ presentation in this regard,
the copy of both of which are available on the website of the Company (www.suzlon.com).

b. Appointment of and payment of remuneration to Mr. Vinod R.Tanti as the Chairman and
Managing Director and Mr. Girish R.Tanti as the Executive Director of the Company for a
further term of 5 (Five) years, i.e. from 7th October 2025 up to 6th October 2030, subject to the
approval of the shareholders at the ensuing Annual General Meeting of the Company.

The brief details as are required to be disclosed under the Listing Regulations have been
provided in Annexure A.

c. Appointment of M/s. Chirag Shah and Associates, Company Secretaries (Firm Registration
No.P2000GJ069200), as the Secretarial Auditors of the Company to hold office for a term of
five years from the conclusion of the ensuing Thirtieth Annual General Meeting till the
conclusion of the Thirty Fifth Annual General Meeting of the Company to be held in the year
2030 to conduct the audit of the Secretarial Records of the Company for the financial year
2025-26 up to the financial year 2029-30 in terms of the amended Regulation 24A of the
Listing Regulations.

The details as required in terms of the Listing Regulations have been provided in Annexure
B.

2. The Thirtieth Annual General Meeting of the Company will be held on Thursday, 25th September
2025 through Video Conferencing / Other Audio Visual Means (VC / OAVM) as permitted by the
Ministry of Corporate Affairs and the Securities and Exchange Board of India.
3. In terms of Section 91 of Companies Act, 2013 read with Regulation 42 of the Listing
Regulations, the Register of Members and Share Transfer Books of the Company shall remain
closed from Friday, 19th September 2025 to Thursday, 25th September 2025 (both days inclusive)
for the purpose of the Thirtieth Annual General Meeting of the Company.

4. Anshul Green Urja Limited, SWE Green Urja Limited, Shreya Green Urja Limited, Briza
Renewables Limited, Kenzo Renewables Limited, Anshul Renewables Limited, Shreya Wind
Park Limited, SWE Wind Park Limited, Ethan Pawan Urja Limited, Zella Green Urja Limited,
Sharayu Renewables Limited, Avani Wind Park Limited, Avyaan Wind Park Limited, Akhila
Wind Park Limited, and Advay Wind Park Limited (“SPVs”) have become direct / indirect
wholly owned subsidiaries. The SPVs are proposed for the purposes of augmenting the business
of the Company through developing the project pipeline.

This is to further inform that Mr. Himanshu Mody, the Group Chief Financial Officer of the
Company, one of the Key Managerial Personnel (“KMP”) of the Company, has resigned as the Chief
Financial Officer of the Company with effect from the close of business hours of 31st August 2025
and accordingly he will also cease to be the KMP of the Company. A copy of the resignation letter
dated 11th August 2025 given by Mr. Mody mentioning reasons for his resignation is enclosed
herewith. The Company is in advanced stage of appointing a new Chief Financial Officer of the
Company. The Board and the Promoter Group acknowledges Mr. Himanshu Mody for his valuable
contributions to the Company over the past four years and wish him continued success in his future
endeavours. The details as required in terms of the Listing Regulations have been provided in
Annexure C.

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
Digitally signed by
Geetanjali Geetanjali Santosh Vaidya
Santosh Vaidya Date: 2025.08.12 15:31:30
+05'30'

Geetanjali S.Vaidya,
Company Secretary.
 Annexure A

a. Brief resume of Mr. Vinod R.Tanti:

Name of Director Mr. Vinod R.Tanti (DIN: 00002266).

Reasons for change, viz., The existing term of Mr. Vinod R.Tanti as the Chairman and
appointment, re-appointment, Managing Director of the Company is ending on 6th October 2025.
resignation, removal, death or Accordingly, at the recommendation of the Nomination and
otherwise Remuneration Committee of the Board of the Company, the Board
has approved the appointment of Mr. Vinod R.Tanti as the
Chairman and Managing Director for a further period of five years
(subject to approval of the shareholders at the ensuing Annual
General Meeting of the Company).
Date of appointment / re- 7th October 2025 to 6th October 2030.
appointment / cessation
Terms of appointment 5 (Five) years.
Brief profile (in case of Mr. Vinod R.Tanti, aged 63 years, is a founding member of Suzlon
appointment) Energy Limited. He has a bachelor’s degree in civil engineering.
He has extensive experience of over 36 years managing various
key functions at Suzlon including manufacturing and supply chain.

With a strong techno-commercial background, he has handled

diverse portfolios, like wind resource assessment, acquisition,
product design, prototyping, comprehensive supply management,
project execution and lifecycle management through operations
and maintenance services.

Mr. Vinod R.Tanti brings to Suzlon, his vast experience of the

complete wind energy value chain as well as his process centricity
and drive for innovation. Suzlon established and continues to
maintain its technology and service leadership in India under his
supervision.
Relationship with Directors Mr. Vinod R.Tanti is brother of Mr. Girish R.Tanti, the Executive
Vice Chairman, and is related to Mr. Pranav T.Tanti, the Non-
Executive Director.
Disclosure of Debarment As confirmed by Mr. Vinod R.Tanti, he has not been restrained,
statement regarding debarred or disqualified from being appointed or continuing as a
appointment of Director director of any company by Securities and Exchange Board of
India or Ministry of Corporate Affairs or any other Statutory
Authorities. He is not disqualified from being appointed as a
director in terms of Section 164 of the Companies Act, 2013.

b. Brief resume of Mr. Girish R.Tanti:

Name of Director Mr. Girish R.Tanti (DIN: 00002603).

Reasons for change, viz., The existing term of Mr. Girish R.Tanti as the Executive Vice
appointment, re-appointment, Chairman of the Company is ending on 6th October 2025.
resignation, removal, death or Accordingly, at the recommendation of the Nomination and
otherwise Remuneration Committee of the Board of the Company, the Board
has approved the appointment of Mr. Girish R.Tanti as the
Executive Director designated as the “Executive Vice Chairman”
 for a further period of five years (subject to approval of the
shareholders at the ensuing Annual General Meeting of the
Company).
Date of appointment / re- 7th October 2025 to 6th October 2030.
appointment / cessation
Terms of appointment 5 (Five) years.
Brief profile (in case of Mr. Girish R.Tanti is a founding member of Suzlon Energy
appointment) Limited. He has a bachelor’s degree in Electronics &
Communication Engineering and holds a master’s degree in
Business Administration from UK. He brings to Suzlon an
extensive experience of over 29 years in renewables and
international business.

Mr. Girish R.Tanti holds a unique blend of understanding the

dynamics of technology and strong business acumen. Over the past
years, he has played many roles including incubating the
renewable energy business in 1995, established technology
development centres in Europe and India, setting up the global
supply chain, developing wind markets across India, establishing
global business operations and corporate development activities.
He also led various service functions, such as human resources,
information technology, communications and CSR.

He has been instrumental in Suzlon’s rise to become the only wind

energy player from a developing nation to rank among the top five
worldwide. Through the years, Mr. Girish R.Tanti has not only
believed in but completely devoted himself to champion the vision
of harnessing renewable energy to power a greener, more
sustainable tomorrow for generations to come.
Relationship with Directors Mr. Girish R.Tanti is brother of Mr. Vinod R.Tanti, the Chairman
and Managing Director, and is related to Mr. Pranav T.Tanti, the
Non-Executive Director.
Disclosure of Debarment As confirmed by Mr. Girish R.Tanti, he has not been restrained,
statement regarding debarred or disqualified from being appointed or continuing as a
appointment of Director director of any company by Securities and Exchange Board of
India or Ministry of Corporate Affairs or any other Statutory
Authorities. He is not disqualified from being appointed as a
director in terms of Section 164 of the Companies Act, 2013.
 Annexure B

Details in respect of Secretarial Auditors:

Name of the Secretarial Auditor M/s. Chirag Shah and Associates (“CSA”),
Company Secretaries (Firm Registration
No.P2000GJ069200).
Reasons for change, viz., appointment, re- Not applicable since there is no change in
appointment, resignation, removal, death or Secretarial Auditors of the Company.
otherwise
Date of appointment / re-appointment / cessation The Board of the Company (subject to approval
of the shareholders at the ensuing Annual General
Meeting of the Company) has appointed CSA as
the Secretarial Auditors of the Company to
conduct the audit of the Secretarial Records of
the Company for the financial year 2025-26 till
the financial year 2029-30.
Terms of appointment 5 (Five) years.
Brief profile (in case of appointment) Established in 2000, CSA is a secretarial services
firm in India with over 25 years of experience.
CSA specialises in corporate laws, capital market
transactions, listing and de-listing of equity
shares, compliance audits, corporate governance,
mergers and acquisitions, and economic laws.
The firm is committed to excellence and provides
client-centric solutions to help businesses achieve
their objectives efficiently and effectively. The
firm is Peer Reviewed by the Institute of
Company Secretaries of India and holds a valid
Peer Review Certificate no.6543/2025.
Relationship with Directors (in case of Not Applicable.
appointment of director)

Annexure C

Details in respect of resignation of KMP:

Name of KMP Mr. Himanshu Mody

Reasons for change, viz., appointment, Cessation as Group Chief Financial Officer on
resignation, removal, death or otherwise account of resignation
Date of appointment / cessation / change Close of business hours of 31st August 2025
Terms of appointment Not applicable since this reporting is for exit of
KMP
Brief profile (in case of appointment) Not applicable since this reporting is for exit of
KMP
Relationship with Directors The KMP is not related to any of the Directors of
the Company.
 SUZLON ENERGY LIMITED
CIN : L40100GJ1995PLC025447
"SUZLON", 5, SHRIMALI SOCIETY, NEAR SHRI KRISHNA COMPLEX, NAVRANGPURA, AHMEDABAD-380009
STATEMENT OF UNAUDITED CONSOUDATED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 3 0, 2025
, , in crores\
Quarter ended Year ended
June 30, March 31, June 30, March 31,
Particulars
2025 2 0 25 2024 2025
( Unaudited) ( ref er note 07) {Unaudited) (Audited)
1 Income
a) Revenue from operations 3,117.33 3,773.54 2,015.98 10,851.32
b) Other operati ng income 14.39 16.40 5.61 38.42
c) Other i ncome 33.47 35.25 22.76 103.39
Total income 3 , 165.19 3,825. 19 2,044.35 10, 993.13
2 Expenses
a) Consumption of raw m aterials, components consumed and services rendered 2,463.68 2,470.45 1,329.93 7,139.17
b) Purchase of stock·in·trade . . . .
c) Changes in inventories of finished goods, semi-finished goods and work· in· progress (550.00) (25.68) (77.65) (252.57)
d) Employee benefits expense 254.02 238.28 195.87 941.53
e) Finance cost 103.07 84.72 44.52 254.80
f) Depreciation and amortisation expense 70.24 92.75 45.84 259.19
g) Foreign exchange loss/ (gain) 3.80 (30.94) (2.73) (30.38)
h) Other e xpenses 361.15 444.37 206.09 1,234.76
Total expenses 2,705 .9 6 3,273.9S 1,741.87 9 , 546.SO
3 Profit before exceptional items and tax ( 1 ·2) 4 59.23 551. 24 302.48 1, 446.63
4 Exceptional item s loss/ (gain) . . . .
5 Profit before tax ( 3 - 4) 4 59.2 3 5 51 . 24 302.48 1, 446.63
6 Tax expenses
a) Current tax 0.81 (28.99) 0.19 14.42
b) Deferred tax 134.10 (600.75) . (639.42)
7 Net profit after tax (5 - 6) 324 .32 1,180.98 302.29 2,071.63
8 Share of profit/ (loss) of associate and joint ventures . . .
9 Net profit for the period (7 + 8 ) 324.32 1,180.98 302.29 2, 071.63
10 Ot her com prehensive income/ (loss), net of tax
a) items that will not be reclassified to profit and loss (1.15) 8.27 (0.30) 6.44
b) items that will be reclassifed to profit and loss 6.19 (30.81) (1.17) (29.77)
11 Total comprehensive income, net of tax ( 9+10) 3 2 9.36 1,158.44 300.82 2,048.30
12 Net profit for the period attributable t o:
Owners of the Company 324.32 1,182.22 302.29 2,071.63
. ( 1.24) . .
Non-controlli ng interest
Other comprehensive income/ (loss) for the period attributable t o :
Owners of the Company 5.04 (22.54) (1.47) (23.33)
. - . .
Non-controlling interest
Total comprehensive income for the period attributable t o:
Owners of the Company 329.36 1, 159.68 300.82 2,048.30
Non-controlling interest . (1.24) .

13 Paid up equity share capital (Face value off 2/· each) 2,741.83 2,731.79 2,727.15 2,731.79
14 Other equity ( excluding revaluation reserve) 3,373.93
15 Earnings per equity share (EPS) (*not annualised)
• Basic (f) *0.24 *0.87 *0.22 1.52
• Diluted (f) *0.24 *0.86 *0.22 1.51

1 of 4
 SUZLON ENERGY LIMITED
CIN: L40100GJ1995PLC025447
"SUZLON", 5, SHRIMALI SOCIETY, NEAR SHRI KRISHNA COMPLEX, NAVRANGPURA, AHMEDABAD-380009
STATEMENT OF UNAUDITED STANDALON E FINANCIAL RESULTS FOR THE QUA RTER EN DED JUNE 30, 2025
(fin croresl
Qua rte r ende d Year ended
lune 30, Ma rch 3 1, l une 30, March 31,
Pa rticulars 2025
2 025 2025 2024
(Unaudited) ( refe r n ote 0 7 ) (Unaudited) (Audited)
1 Income
a ) Revenue from operations 2,843.89 3,561.32 1,906.04 10,161.60
b) Other operating income 3.71 15.54 5.54 36.12
c) Other income 29.39 28.80 24.38 102.31
Total income 2,876.99 3,605 .66 1,935.96 10, 300.03
2 Expenses
a) Consumption of raw materials, components consumed and services rendered 2,298.53 2,448.25 1,298.30 6,986.89
. . .
b) Purchase of stock-in-trade
c) Changes in inventories of finished goods, semi-finished goods and work· in· progress ( 515.97) (42.55) (67.39) (269.17)
d) Employee benefits expense 183.97 194.10 167.07 791.75
e) Fina nee cost 93.00 78.66 40.36 228.86
f) Depreciation and amortisation expense 38.90 46.10 35.14 166.85
g) Foreign exchange loss/ (gain) 25.33 7.77 0.27 15.40
h) Othe r expenses 273.21 362.70 170.19 1,008.59
Total expens es 2,39 6.97 3,095 .03 1,643.94 8,929.17
3 Profit before e xceptional items and tax ( 1-2) 480 .02 5 10.63 292.02 1,370.86
4 Exceptional it ems loss/ (gain) (refer Note 3) ( 1.71) (30.45) (8.22) (102.86)
5 Profit before tax ( 3 - 4 ) 481.73 541.08 300.24 1,473.72
6 Tax expenses
a) Current tax . (33.27) . 7.05
134.38 (599.91) . (638.05)
b) Deferred tax
7 Net profit after tax (5 - 6 ) 347.35 1,174.26 300.24 2,104.72
8 Othe r comprehe nsive income/ (loss), net of tax
a ) items that will not be reclassified to profit and loss (0.82) 7.57 (0.22) 5.98
b) items that will be reclassifed to profit and loss
. . . .

Total c omprehensive income, net of tax ( 7 + 8 ) 346.53 1,181.83 300.02 2,110.70

9
Paid up equity share capital (Face value of~ 2/· each) 2,741.83 2,731.79 2,727.15 2,731.79
10
Othe r equity (excluding revaluation reserve) 2,797.21
11
12 Ea rnings per equ ity share (EPS) (*not annualised)
*0.25 *0.86 *0.22 1.54
• Basic (t)
*0.25 *0.86 *0.22 1.54
• Diluted (t)

2 of4
 SUZLON ENERGY LIMITED
CIN: L40100GJ1995PLC025447
"SUZLON", 5, SHRIMALI SOCIETY, NEAR SHRI KRISHNA COMPLEX, NAVRANGPURA, AHMEDABAD-380009
~
l The above results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on August 12, 2025. The statutory auditors of the Company
have carried out a limited review of the above results for the quarter ended June 30, 2025.

2 On May 19, 2025, the Nomination and Remuneration Committee of the Board of Directors of the Company has granted following stock options to the eligible employees of the Company
and its subsidiaries under ESOP 2022 with 50% vesting on 1st anniversary from the date of grant and balance 50% on 2nd anniversary from the date of grant with exercise period
of two years from the date of respective vesting:
a. 1,30,70,000 Options convertible Into 1,30,70,000 equity shares off 2/- each at an exercise price off 45/· per Option ("Grant 4").
b. 3,46,17,200 Options convertible into 3,46,17,200 equity shares off 2/· each at an exercise price off 40/· per Option ("Grant 5").
The Securities Issue Committee of the Board of Directors of the Company approved allotment of equity shares of the Company in dematerialised form having a face value of f 2/·
for cash at a premium to the option grantees, pursuant to exercise of the options granted to the eligible employees of the Company and its subsidiaries in terms of the Employee
Stock Options Plan 2022 (ESOP 2022) as under:
a. Approved allotment of 99,000 equity shares aggregating to f 4,95,000/· on April 17, 2025 (Grant 1 @ f 5/· per share).
b. Approved allotment of 1,24,000 equity shares aggregating to f 6,20,000/· on May 08, 2025 (Grant 1 @ f 5/· per share).
c. Approved allotment of 1,28,05,250 equity shares aggregating to f 6,40,26,250/· on May 24, 2025 (Grant 1 @ f 5/· per share).
d. Approved allotment of 50,19,250 equity shares aggregating to f 15,05,77,500/· on May 24, 2025 (Grant 2 @ f 30/· per share).
e. Approved allotment of 73,42,500 equity shares aggregating to f 17,62,20,000/- on May 24, 2025 (Grant 3@ f 24/· per share).
f. Approved allotment of 1,38,45,750 equity shares aggregating to f 6,92,28,750/· on June 06, 2025 (Grant 1@ f 5/· per share).
g. Approved allotment of 22,10,000 equity shares aggregating to f 6,63,00,000/· on June 06, 2025 (Grant 2 @ f 30/· per share).
h. Approved allotment of 50,94,500 equity shares aggregating to f 12,22,68,000 /- on June 06, 2025 (Grant 3 @ f 24/· per share).
i. Approved allotment of 29,67,500 equity shares aggregating to f 1,48,37,500/· on June 20, 2025 (Grant l @ f 5/· per share).
j. Approved allotment of 3,35,000 equity shares aggregating to f 1,00,50,000/· on June 20, 2025 (Grant 2 @ f 30/· per share).
k. Approved allotment of 3,42,000 equity shares aggregating to f 82,08,000/· on June 20, 2025 (Grant 3 @ f 24/· per share).
I. Approved allotment of 16,59,500 equity shares aggregating to f 82,97,500/· on July 09, 2025 (Grant l @ f 5/· per share).
m. Approved allotment of 9,91,000 equity shares aggregating to f 2,97,30,000/· on July 09, 2025 (Grant 2@ f 30/· per share).
n. Approved allotment of 3,82,500 equity shares aggregating to f 91,80,000/· on July 09, 2025 (Grant 3 @ f 24/· per share).
o. Approved allotment of 23,48,750 equity shares aggregating to f 1,17,43,750/· on August 06, 2025 (Grant l@ f 5/· per share).
p. Approved allotment of 11,49,000 equity shares aggregating to f 3,44,70,000/· on August 06, 2025 (Grant 2 @ f 30/· per share).
q. Approved allotment of 8,87,500 equity shares aggregating to f 2,13,00,000/· on August 06, 2025 (Grant 3 @ f 24/· per share).

3 Exceptional items include:

Quarter ended Year ended

Particulars June 30, March 31, June 30, March 31,
2025 2025 2024 2025
(Unaudited) (refer note 07) (Unaudited) (Audited)
Standalone financial results
a) Provision/ (reversal) of impairment provision on finan cial assets 3.73 (30.45) (8.22) (102.86)
b) Gain on transfer of Project business (refer Note 4) (5.44) . . .
TOTAL (1.71) (30.45) (8.22) (102.86)

4 The merger of Suzlon Global Services Limited (the "Transferor Company"), a wholly owned subsidiary of the Company, with the Company (the "Transferee Company"), has become
effective on May 10, 2025 with the appointed date of August 15, 2024. Accordingly, the Company has accounted the business combination transaction m accordance with the Scheme
in line with the Appendix C of Ind AS 103, Business Combinations of Entities under Common Control and as per the requirements of Para 9(iii) of Appendix C of Ind AS 103 during
financial year ended March 31, 2025 and restated the financial statements of prior year as if business combination has occurred from the first day of the prior year 1.e. April 01, 2023.
Accordingly, the financial results of the Company in respect of the prior periods represents the restated numbers.
Further, during the quarter the following transactions have taken place on May 10, 2025:
a) transfer of the Project Division of the southern region of the Company to Suzlon Southern Projects Limited (formerly known as Vakratunda Renewables Limited), a step-down
wholly owned subsidiary of the Company; and

b) transfer of the ProJect Division of the western region of the Company to Suzlon Western India Projects Limited (formerly known as Manas Renewables Limited), another step-down
wholly owned subsidiary of the Company.

The aforesaid transfers are on a going concern and on an "as-is-where-is" basis. These transfers included all associated assets and liabilities and were executed for a lumpsum
consideration at a val ue not less than fair market value of the net assets as per Rule llUAE of the Income Tax Rules, 1962 on transfer date. Accordingly, gain on transfer is disclosed
under exceptional ,terns in standalone financial results.
3of 4
 SUZLON ENERGY LIMITED
CIN : L40100GJ1995PLC025447
"SUZLON", 5, SHRIMALI SOCIETY, NEAR SHRI KRISHNA COMPLEX, NAVRANGPURA, AHMEDABAD-380009
5 During the quarte r, Securities and Exchange Board of India ('SEBI') has passed an Adjudication Order on June 27, 2025, in connection with Show cause notice (SCN) dated
November 09, 2022 disposing off the SCN and exonerating all the Noticees.

6 Consolidated segment reporting :

c, in croresl
Quarter ended Year ended
lune 3 0, March 3 1, lune 30, March 31,
Particulars 2025 2025 2024 2025
(Unaudited) (refer note 07) (Unaudited) ( Audited)

Segment Revenue
2,494.57 3,141.74 1,496.85 8,481.31
a) Wind Turbine Generator
146.49 168.01 91.58 489.34
b) Foundry & Forging
584.45 591.09 484.47 2,221.57
c) Operation & Maintenance Service
1.61 3.98 3.17 10.47
d) Others
3,227.12 3 ,904.82 2,076.07 11,202.69
Total
109.79 131.28 60.09 351.37
Less: Inter segment revenue
3,117.33 3 ,773.54 2,015 .98 10, 851.32
Revenue from operations
Segment Re sults
338.51 418.37 123.56 810.85
a) Wind Turbine Generator
19.63 23.49 0.96 34.59
b) Foundry & Forging
169.84 155.71 197.40 745.49
c) Operation & Maintenance Service
0.85 3.14 2.32 7.11
d) Others
Adjusted for:
(33.47) (35.25) (22.76) (103.39)
a. Other income
103.07 84.72 44.52 254.80
b. Finance cost
c. Exceptional items loss/ (gain) - - - -
459.23 551.24 302.48 1,446.63
Profit before ta x

Segment assets
9,157.26 7,360.37 4,897.08 7,360.37
a) Wind Turbine Generator
497.10 465.26 484.44 465.26
b) Foundry & Forging
2,235.18 2,136.34 1,302.31 2,136.34
c) Operation & Maintenance Service
14.68 12.46 13.32 12.46
d) Others 2,985.16
2,556.80 2,985.16 1,384.75
e) Unallocable 12, 959.59
14,461.02 12, 9 5 9 .59 8,081.90
Total assets
Segment liabilities 5,478.88
6,509.08 5,478.88 3,208.85
a) Wind Turbine Generator 111.85
113.22 111.85 141.50
b) Foundry & Forging 971.34
979.65 971.34 377.39
c) Operation & Mai ntenance Service
- - - -
d) Others 101.55 291.80
317.13 291.80
e) Unallocable 3, 829.29 6 , 853.87
7 ,919.08 6 ,853.87
Total liabilities

7 The figures for the quarter ended March 31, 2025 are the balancing figures between audit ed figures in respect of the full financial year and the limited reviewed year-to-date published
figures for the nine month period ended December 31, 2024.

8 Figures for the previous periods have been regrouped/re-classified to conform to the classification of the current period.

f the Board of Directors

Vino R.Tanti
Chairman & Managing Director
Place: Pune DIN No: 000022 66
Date: August 12, 2025

4 of 4
 Walker Chandiok &.Co LLP

Walker Chandiok & Co LLP

3rd floor, Unit No. 310 to 312,
West Wing, Nyati Unitree
Nagar Road , Yerwada,
Pune - 411 006
Maharashtra, India
T +91 20 6744 8888
F +91 20 6744 8899

Independent Auditor's Review Report on Standalone Unaudited Quarterly Financial Results of the Company
pursuant to the Regulation 33 of the Securities and Exchange Board of India ('SEBI') (Listing Obligations and
Disclosure Requirements)'Regulations, 2015 (as amended)

To the Board of Directors of Suzlon Energy Limited

1. We have reviewed the accompanying statement of standalone unaudited financial results ('the Statement') of Suzlon
Energy Limited ('the Company') for the quarter ended 30 June 2025 being submitted by the Company pursuant to
the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
(as amended) ('Listing Regulations').

2. The Statement, which is the responsibility of the Company's management and approved by the Company's Board of
Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian
Accountin·g Standard 34, Interim Financial Reporting ('Ind AS 34'), prescribed under section 133 of the Companies
Act, 2013 ('the Act') , and other accounting principles generally accepted in India and is in compliance with the
presentation and disclosure requirements of Regulation 33 of the Listing Regulations . Our responsibility is to express
a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410,
Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of
Chartered Accountants of India. A review of interim financial information consists of making inquiries , primarily of
persons responsible for financial and accounting matters, and applying analytical and other review procedures. A
review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified
under section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we wo·uld become
aware of all significant matters that might be identified in an audit. Acco rdingly , we do not express an audit opinion .

4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the
accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind
AS 34, prescribed under section 133 of the Act, and other accounting principles generally accepted in India, has not
disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the Listing
Regulations , including the manner in which ii is to be disclosed, or that it contains any material misstatement.

For Walker Chandiok & Co LLP

Chartered Accountants
Firm Registration No: 001076N/N500013

l\l,-~ ~~~
( ~ ohit Arora
Partner
Membership No. 504774
UDIN: 25504774BMID0M8549
Place: Delhi
Date: 12 August 2025

Chartered Atx:0unlants Walker Cha ndiok & Co LLP is registered

with limited liability.wi th idenlificalion
Offices in Ahmedabad, Bengaluru, Chandigarh, Chennal, Dehradun, Goa, Gurugram, Hyderabad, Indore, Koehl, Kolkala, Mumba~ number MC-2085 and has ils registered
New Delhi, Naida and Pune office at L~41, Connaught Circus, Outer
Circle, New Deihl, 11 0001, India
 Walker Chandiok &.Co LLP

Walker Chandiok & Co LLP

3rd floor, Unit No. 310 to 312,

West Wing, Nyati Unitree
Nagar Road, Yerwada ,
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Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results of the Company
pursuant to the Regulation 33 of the Securities and Exchange Board of India ('SEBI') (Listing Obligations and
Disclosure Requirements) Regulations, 2015 (as amended)

To the Board of Directors of Suzlon Energy Limited

1. We have reviewed the accompanying statement of consolidated unaudited financial results ('the Statement') of
Suzlon Energy Limited ('the Holding Company') and its subsidiaries (the Holding Company and its subsidiaries
together referred to as 'the Group'), (refer Annexure 1 for the list of subsidiaries, included in the Statement) for the
quarter ended 30 June 2025, being submitted by the Holding Company pursuant to the requirements of Regulation
33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ('Listing
Regulations').

2. This Statement, which is the responsibility of the Holding Company's management and approved by the Holding
Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles
laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34'), prescribed under section 133
of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in India and is in
compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations. Our
responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410,
Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of
Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of
persons responsible for financial and accounting matters, and applying analytical and other review procedures. A
review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified
under section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become
aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the Circular issued by the SEBI under Regulation 33 (8) of the
Listing Regulations, to the extent applicable .

4. Based on our review conducted and procedures performed as stated in paragraph 3 above and upon consideration
of review report of the other auditor referred to in paragraph 5 below, nothing has come to our attention that causes
us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement
principles laid down in Ind AS 34, prescribed under section 133 of the Act, and other accounting principles generally
accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of
Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any
material misstatement.

5. We did not review the interim financial results of one (01) subsidiary included in the Statement, whose interim financial
results reflect total revenues of ~ 60.62 crores, total net profit after tax of ~ 3.99 crores and total comprehensive
income of ~ 3.99 crores for the quarter ended on 30 June 2025, as considered in the Statement. These interim
financial results have been reviewed by other auditor whose review report has been furnished to us by the
management, and our conclusion in so far as it relates to the amounts and disclosures included in respect of this
subsidiary is based solely on the review report of such other auditor and the procedures performed by us as stated
in paragraph 3 above.

Chartered Accountanls Walker Chand iok & Co LLP is registered

with limited liability Vlilh identification
Offices ln Ahmedabad, Bengaluru, Chandigarh, Chennai, Dehradun, Goa, Gurugram, Hyderabad, Indore, Kochi, Kolkata, Mumbai, number MC~2085 and has its registered
New Delhi, Noida and Pune office at L-41, Conn aught Circus, Outer
Circl e, New Delhi , 110001 , India
 Walker Chandiok &.Co LLP

Our conclusion is not modified in respect of this matter with respect to our reliance on the work done by and the report
of the other auditor.

6. The Statement includes the interim financial results of twenty-six (26) subsidiaries , which have not been reviewed by
their auditors, whose interim financial results reflects total revenues of~ 11 .13 crores, net loss after tax of~ 2.78
crores and total comprehensive loss of ~ 2.82 crores for the quarter ended 30 June 2025 as considered in the
Statement. Our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect
of these subsidiaries, are based solely on such unreviewed interim financial results. According to the information and
explanations given to us by the management, these interim financial results are not material to the Group.

Our conclusion is not modified in respect of this matter with respect to our reliance on the financial results certified by
the Board of Directors.

For Walker Chandiok & Co LLP

Chartered Accountants
Firm Registration No: 001076N/N500013

at-.r·~
Rohit Arora
Partner
Membership No. 504774
UDIN: 25504774BMIDON7480
Place: Delhi
Date: 12 August 2025

Page 2of3
 Walker Chandiok &.Co LLP

Annexure 1

List of entities included in the Statement

Sr. No. Name of the entity Relationship with respect

to the Holdinci Companv
1. Suzlon Renewable Development Limited (Formerly Suzlon Subsidiary
Guiarat Wind Park Limited)
2. SE Forae Limited Subsidiary
3. Renom Enerav Services Private Limited Subsidiary
4. Suzlon Projects Limited (Formerly Suyash Ren ewables Lim ited) Subsidiary
5. Suzlon Western India Projects Limited (Formerly Manas Subsidiary
Renewables Limited)
6. Suzlon Southern Projects Limited (Formerly Vakratunda Subsidiary
Renewables Limited)
7. Gale Green Urja Limited Subsidiary
8. Suzlon Shared Services Limited Subs idiary
9. Suryodav Renewables Limited Subsidiary
10. Varadvinavak Renewables Limited Subsidiary
11 . Vianaharta Renewable Enerav Limited Subsidiary
12. SWE Renewables Limited Subsidiary
13. SWE Wind Project Services Limited Subsidiary
14. Anshul Green Uria Limited Subsidiary
15. Briza Renewables Limited Subsidiary
16. Anshul Renewables Limited Subsidiary
17. Kenzo Renewables Limited Subsidiary
18. Shreya Green Urja Limited Subsidiary
19. SWE Green Uria Limited Subsidiary
20. Shreva Wind Park Limited Subsidiary
21. SWE Wind Park Limited Subsidiary
22. AE-Rotor Holdina B.V. Subsidiary
23. Suzlon Enerav A/S Subsidiary
24. Suzlon Enerav Australia Ptv Limited Subsidiary
25. Suzlon Enerav Korea Co. Limited Subsidiary
26. Suzlon Enerav Limited , Mauritius Subsidiary
27. Suzlon Wind Enerav (Lanka) Pvt. Limited Subsidiary
28. Suzlon Wind Enerav Eauioment Tradina (Shanahai) Co. , Limited Subsidiary
29. Suzlon Wind Enerav Esoana , S.L Subsidiary
30. Suzlon Wind Enerav Limited Subsidiary
31 . Suzlon Wind Enerav Nicaraaua Sociedad Anonima Subsidiary
32. Suzlon Wind Enerav Portuaal Eneraia Elocia Unipessoal Lda Subsidiary
33. Suzlon Wind Enerav Romania SRL Subsidiary
34. Suzlon Wind Enerav South Africa (PTY) Limited Subsidiary
35. Suzlon Wind Enerav Uruauav SA Subsidiary
36. Suzlon Wind Enerji Sanayi Ve Ticaret Ltd. Sirketi Subsidiary

Page 3 of3
 11th August 2025

Mr. J.P. Chalasani,

Group CEO, Suzlon Energy Ltd.,
One Earth, Hadapsar,
Pune-411 028

Dear JPC sir,

I write this letter with immense gratitude.

When I joined Suzlon, 4 years ago, the Company was struggling with financial and
operating creditors knocking at its doorsteps. Journey of turning around the Company
from a market capitalization of less than ~10,000 crores to nearly ~1,00,000 crores and
. in the process creating wealth for over 50 lacs shareholders has been very fulfilling, both
personally and professionally.

Today, with its highest-ever order book, robust working capital, enhanced manufacturing
capacity, and streng~hened management bandwidth, Suzlon is well-positioned to deliver
sustained quarter-on-quarter growth, signs of which are visible through the recent
results.

With this, it's time now for me to take these learnings and progressively move on in my
professional journey to take up another challenging assignment. Therefore I have decided
to resign from the services of Group Chief Financial Officer of Suzlon Energy Ltd. with
effect from 31st August 2025.

I owe a deep debt of gratitude to our Late Founder Chairman, Shri Tulsi Tanti, whose vision
brought me here, and to you for convincing me to take on this role. The blindfolded trust
placed in me by Shri Vinod Tanti, Shri Girish Tanti, and yourself, created a sense of pride
and burden of huge responsibility at the same time. This helped me boost my confidence
making me a better professional for which I'll be grateful lifelong.

It was always a pleasure working with the highly capable colleagues at Suzlon, who are
well positioned to steer the Company to the next phase of growth.

I'll always be a phone call away for the Tanti family, yourself and the Board of Suzlon,
should I be needed.

Forever for Suzlon,

V\c 0
Himanshu Mody

cc:
1. Mr. Rajendra Mehta, Group CHRO
2. Ms. Geetanjali Vaidya, Company Secretary
 Suzlon Energy posts 62% rise in EBITDA at
₹ 599 Crores
For Immediate Release | 12th August 2025

YoY growth in Q1 FY26 vis-à-vis Q1 FY25 (Consolidated)

55%  62%  52% 

increase increase increase
in Revenue in EBITDA in Profit Before Tax
at ₹ 3,117 Crores at ₹ 599 Crores at ₹ 459 Crores

Key Highlights (Q1 FY26)

 Profit before taxes at ₹ 459 Crores, PAT stands at ₹ 324 Crores
 Consistent growth in orderbook from last 10 quarters
 Highest-ever Q1 deliveries of 444 MW
 1 GW of orders received; 5.7 GW order book (75% C&I & PSU orders)
 Net cash position at ₹ 1,620 Cr as of 30th June 25
Top Trends
Policy
 ALMM (Wind) and ALMM (Wind Turbine Components) introduced to
regulate manufacturing standards, and boost domestic manufacturing
 India’s own carbon market to launch by 2026
Investment & Bidding Momentum
 Central, state bidding and C&I pipeline exceeds 41 GW
 Large PSU bids and hybrid tenders growing, backed by SECI’s green
hydrogen and electrolyser auctions
Strong Domestic Demand Outlook
 Target of 122 GW wind capacity by FY32 with wind dominant in hybrid,
RTC, and FDRE projects.
 C&I sector to require 78 GW renewable energy by FY30
Massive Capacity & Export Potential
 India poised to become a global export hub for wind turbine components
 Significant repowering opportunity of ~25.4 GW in existing projects

Pune, India: Suzlon Group, India’s No.1 Wind Energy Solutions provider, announced its first quarter results (Q1
FY26).
Girish Tanti, Vice Chairman, Suzlon Group, said, “The energy sector is undergoing a structural shift where wind-
dominant FDRE and RTC solutions are essential for delivering firm, reliable, and affordable clean power to India.
The rising demand from C&I and PSU customers, along with a strong base of repeat orders, reflects the trust in
Suzlon’s technology leadership and execution capabilities. India achieving 50% non-fossil fuel capacity well
ahead of its target are reshaping the manufacturing ecosystem. With our integrated domestic value chain,
Suzlon is best positioned to leverage this momentum and drive India’s clean energy economy forward.”

JP Chalasani, Chief Executive Officer, Suzlon Group, said, “India’s renewable energy growth is driven by large
PSU-led auctions — signalling strong market momentum and rising C&I demand. Businesses are seeking firm,
reliable, and affordable clean power to meet sustainability goals. Our record deliveries this quarter highlight
Suzlon’s executional strength and ability to seize opportunities. These align perfectly with MNRE’s revised ALMM
(Wind) guidelines — a roadmap to make India’s energy transition Made in India, for India, and by India. With
4.5 GW of annual domestic manufacturing capacity, we are well-positioned to power the nation’s clean energy
future.”

Himanshu Mody, Chief Financial Officer, Suzlon Group, said, "Q1 delivered a strong all-round performance,
with year-on-year growth across all key financial and operational metrics. The significant increase in EBITDA
reflects our disciplined financial management, operational efficiency, and the underlying strength of our
business model. The Company recognised Deferred Tax Assets of ₹ 630 Crores last quarter, which is now
unwinding, resulting in a deferred tax charge of ₹ 134 Crores in Q1 FY26. This is purely an accounting adjustment
with no cash impact. Our strong order inflow provides clear revenue visibility, while five-notch rating upgrades
over the last two years reflect our improved financial strength and flexibility —unlocking new working capital
avenues."

Suzlon Group Q1 FY26 at a glance (consolidated):

(₹ Crores)

Q1 FY26 Q1 FY25 Q4 FY25 FY25

Particulars
Unaudited Unaudited Unaudited Unaudited

Net Volumes (MW) 444 274 573 1,550

Revenue from operations 3,117 2,016 3,774 10,851
EBITDA 599 370 693 1,857
EBITDA Margin 19.2% 18.4% 18.4% 17.1%
Net Finance Cost 70 22 49 151
Profit Before Tax 459 302 551 1,447
Net Profit After Tax 324 302 1,181 2,072
Awards and Recognition

Shri Tulsi Tanti, Founder Girish Tanti, Co-Founder Suzlon has been recognized Suzlon won the ET
of Suzlon, was honored of Suzlon, has been as the Third Fastest Kaleido Award in
with the Lifetime appointed Chairman of Growing Brand by Brand Energy and Data
Achievement Award by the CII Renewable Energy Finance’s ‘India 100’ report Analytics for its
GWEC for his visionary Manufacturing Council on the most valuable and Wind Matters
contribution to wind and the CII National strongest Indian brands for campaign.
energy. Committee on Renewable the year 2025.
Energy for 2025–26.

Marking a major Suzlon Wins Suzlon has been honored Suzlon has been
milestone, Suzlon became TOI Ecopreneur Award at the 11th Greentech CSR recognized as
the first Indian energy under the Renewable India Awards under the Champion of Green
company to join the Energy Leadership Rural Development category. Business Practices at
global RE100 initiative. category. the ET Edge Global
Sustainability Alliance.

Suzlon was awarded at the 11th National Awards for GWEC named Suzlon the Segment Champion in the
Manufacturing Competitiveness for excellence in Original Equipment Manufacturer category.
manufacturing.

About The Suzlon Group

The Suzlon Group is a leading global renewable energy solutions provider, with ~21+ GW* of wind energy capacity
installed across 17 countries. Headquartered at Suzlon One Earth in Pune, India, the Group includes Suzlon Energy Limited
(NSE: SUZLON, BSE: 532667) and its subsidiaries. A vertically integrated organisation, Suzlon has in-house R&D centres in
Germany, the Netherlands, Denmark, and India, and world-class manufacturing facilities across India. With 30 years of
operational excellence and a diverse workforce of ~8,100+ employees, Suzlon is India’s No. 1 Renewable Energy Solutions
company, having an installed base of 15.2 GW of assets and an additional ~6 GW installed outside India. Its portfolio
includes the advanced 2.x MW and 3.x MW series of wind turbines.

*Global installations of Suzlon-manufactured wind turbine generators. Data as of 30th June 2025

Press Contact Suzlon Group Investor Relations Contact Suzlon Group

Monica Miglani Krishna Kumar

Corporate Communications, Suzlon Group Investor Relations, Suzlon Group
Mobile: +91.80077 32727 Phone: +91.90286 56440
E-mail: communications@suzlon.com E-mail: investorrelations@suzlon.com

Suzlon corporate website: www.suzlon.com Follow us on Social media:

Investor Presentation
Q1 FY26
12th August 2025

Suzlon Wind Farm, Mahidad, Gujarat, India

Disclaimer

This presentation and the accompanying slides (the “Presentation”), has been prepared by Suzlon Energy Limited (the “Company”), solely for information purposes and DOES not constitute any offer, recommendation or
invitation to purchase or subscribe for any securities, and shall not form the basis of or be relied on in connection with any contract or binding commitment whatsoever in any jurisdiction. The Presentation is not intended to form
the basis of or to be relied upon as advise to any investor or any investment decision by a prospective investor. No offering of securities of the Company will be made except by means of a statutory offering document containing
detailed information about the Company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable, including information derived from public sources that has not been independently verified. no
representation or warranty, express or implied, whatsoever, is being made in relation to the correctness, accuracy, reliability, completeness, or fairness of the information, conclusion or opinions expressed herein. The financial
information included in this presentation is preliminary, unaudited and subject to revision upon completion of the Company's closing and audit processes. No representation or warranty whatsoever is given in relation to the
reasonableness or achievability of any projections contained in the Presentation or in relation to the bases and assumptions underlying such projections and you must satisfy yourself in relation to the reasonableness,
achievability and accuracy thereof.

Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are, individually or collectively, forward-looking statements. Such forward-looking
statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the
performance of the Indian economy and of the economies of various international markets, the performance of the wind power industry in India and world-wide, the Company’s ability to successfully implement its strategy, the
Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as
well as other risks. Inevitably, some assumptions will not materialize, and unanticipated events and circumstances may affect the ultimate financial results. The Company’s actual results, levels of activity, performance or
achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update or revise any forward-looking information contained in this
Presentation to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events. Any forward-looking statements and projections made by third parties included in this
Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections. Any liability in respect of the contents of, or any omission from, this Presentation is expressly
excluded.

No responsibility or liability is accepted for any loss or damage howsoever arising that you may suffer as a result of this Presentation and any and all responsibility and liability is expressly disclaimed by the Management, the
Shareholders and the Company or any of them or any of their respective directors, officers, affiliates, employees, advisers or agents.

No offering of the Company’s securities will be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”). Accordingly, unless an exemption from registration under the Securities Act is available, the
Company’s securities may not be offered, sold, resold, delivered or distributed, directly or indirectly, into the United States or to, or for the account or benefit of, any U.S. Person (as defined in regulation S under the Securities
Act).

The distribution of this document in certain jurisdictions may be restricted by law and persons into whose possession this presentation comes should inform themselves about and observe any such restrictions. Any failure to
comply with these restrictions may constitute a violation of the laws of such jurisdiction.

2
Industry Outlook
Suzlon Strengths

Financial Performance

3
India energy transition to boost wind & solar installations

Others Fossil, Hydro and

30 (4%) Wind Others Wind
100 (13%) 500 (24%) 400 (19%)
Others Wind
52 (11%) Fossil Fuel
20(4%)
277 (35%)
Solar
116 (24%)

Jun’25 By 2030 By 2047

485 GW Wind run-rate: 777 GW Wind run-rate: 2,100 GW
5-10 GWPA 20-50 GWPA
Fossil Fuel
242 (50%) Hydro
54(11%)
Solar
293 (38%)
Hydro
Sources: Solar,
1) CEA All India Installed Capacity as on 30.06.2025
78 (10%)
1,200 (57%)
2) CEA’s Report On Optimal Generation Capacity Mix for 2029-30
3) EY Energy transition for Vikshit Bharat Dec’24

Panchamrit

500 GW of non-fossil fuel 1 bn tonnes reduction in Committed to achieve Net 45% reduction in emissions 50% renewables in the
energy capacity by 2030 carbon emissions by 2030 zero emissions by 2070 intensity by 2030 energy mix by 2030

Wind is at the heart of India’s energy transition, with renewable sector growth heavily reliant on wind installations 4
Accelerating indigenization in Wind: MNRE policy push, the ALMM (Wind)

Blade, Tower, Gearbox, Mandatorily locating data Cybersecurity Risk: Prohibit Mandatorily locating
Generator & Special Bearing centers and/or servers in transferring real-time data R&D centers in India by
(~75% of WTG cost) to be India ensures all wind outside India; conduct wind 31st July 2026
sourced only from ALMM turbine data is stored and turbine operational control
approved list maintained locally extensively from India

Boosts 'Make in India' by Imports: Increased compliance Pricing arbitrage for

enhancing domestic capacity with the provisions of REEIMS low-cost imports
utilization and driving MSME i.e. Renewable Energy expected to disappear,
growth across the wind energy Equipment Import Monitoring marking a level playing
supply chain System field for OEMs

Creates a level playing field for Indian OEMs and Component manufactures by promoting ALMM-compliant sourcing 5
Industry in an upcycle with long term structural tailwinds

Strong domestic demand outlook Key demand drivers for wind

1 India to scale its power capacity to 2,100 GW by 2047, including 400 GW from wind

India’s $10 trillion vision by 2032 Energy demand growth 2 Onshore wind potential: 695 GW (120m HH) and 1,164 GW (150m HH)
Urbanization, data centers, and Projected CAGR of 7% from FY24
electric vehicle adoption are to FY30, surpassing the historical 3 Lower Renewable LCOE resulting in strong C&I growth
driving demand. 5%. Electricity demand to hit 708
GW by 2047 4 Wind is the dominant mix in hybrid, RTC, or FDRE projects to achieve the lowest LCOE

5 Potential as export hub for wind components for global markets

Projected capacity additions Accelerated C&I demand 6 Repowering potential estimated by NIWE: ~25.4 GW
India aims for 122 GW of C&I sector requires 78 GW of
wind by 2031-32 renewable energy by FY30 7 Massive Investment Boost: India’s Renewable Energy Sees 8x Jump in FDI

8 SECI’s auction for Green-Hydrogen and electrolyser manufacturing

Strong bidding pipeline Grid Stability 9 India to launch its own carbon market by 2026
41+ GW wind pipeline by More wind installations lead to
Central , State Utilities and lower LCOE and greater grid 10 VGF scheme with INR ~7,500 Cr outlay for 1 GW of offshore wind
C&I stability

Sources:
GWEC Global Wind Report 2024
Nomura report on Power utilities
CRA Indian Renewable Energy Sector – Mar 2023
India RE Navigator (https://www.india-re-navigator.com/wind) 6
https://www.green.earth/news/india-to-launch-its-own-carbon-market-by-2026
Industry Outlook

Suzlon Strengths
Financial Performance

7
Suzlon strengths

Competitive edge No. 1 OEM in Indian wind sector

End-to-end Pan India presence Strong 21+ GW Global 29% Cumulative

service with 15.2+ GW of customer installed Wind energy market share in
provider installations relationship capacity India

Best-in-class 8,100+ Well established

Technology 30+ years
service Experienced product portfolio
Leadership with track
In-House R&D capabilities record workforce

8
 SUZLDN
POWERING A GREENER TOMORROW

Key clientele among marquee customers globally

At:t: adani ~PR . . .V. ..

ENERGY
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Bharat
Petroleum
ADITYA BIRLA GROUP BAJA.J

HERO
Brookfield Clearway ..-~
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renewables Greenk
FUTURE
ENERGIES
Green Power plan et pos it ive power

11d JUnlPER < t.i.iJiiic

Jindal Aluminium
JINDA.r,,,I
RENEWABLE$ • • Green Energy susten )
ev mahindra
. . .. RENEWABLES
IT C Limited

_-.=.
0
• ReNew - '7 sembcorp
OYST ER serentica
RENEWABLE Reliance POWER ~;r
POWER Industries Limited

/J.
SERUM INSTITUTE
OF INDIA
( ~ru, Poono1w,1!1,1 C,rOul)
'} ~,~~~~~ -,(( Shree
Cement
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THERMAX
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POWER - vedanta
transforming for good

And many more customers…..

9
Footprint across India: Augmented manufacturing capabilities

Manufacturing locations
Map not to scale Domestic manufacturing capacity 4,500 MW
India’s windy states
Other Indian states

Rajasthan

Gujarat Madhya Pradesh Nacelle and Hub Blade Tubular Tower Control Panel

Maharashtra

Andhra Pradesh

Tamil Nadu
Mould Foundry Forging Transformer

Nacelle & Hub Blade Tower SE Forge Electric Scalable manufacturing to cater future market growth

10
Note: Nacelle plants in Daman and Pudducherry
S144: Made in India, made for India

Major updates A Technological Edge

Product designed for Compatibility Tailored to High Effective

Economical
domestic terrain and well suited to Indian wind with hybrid/FDRE Indian performance and operations and
supply chain
conditions projects and grid meteorological light weight maintenance
environment
requirements site conditions design service

Over 1.6 GW of deliveries and 5 GW of firm

orders, making it dominant product for India
market

Supply chain augmented to support production of

S144 to cater to large order book and pipeline

Lowest Carbon Footprint: Just 6.17 gCO₂ eq/kWh

of electricity generated

S144 complies with the latest MNRE regulation for component sourcing 11
Overview of India OMS Capabilities

Key Metrics Presence in all windy states in India:

Installed base as on 30th Jun 2025 of 15.2+ GW

Map not to scale
15.2+ GW 10,000+ USD 10 Bn India’s windy states
Installed base Turbines Assets under Other Indian states
management

Rajasthan
2.3 GW

1,900+ 99 3,900+ Gujarat Madhya Pradesh

Customers Sites Team 4.3 GW 0.5 GW

Maharashtra Telangana
Strengths 2.2 GW 0.1 GW

Karnataka Andhra Pradesh

India’s No 1 Yearly O&M fee Impressive Stable annuity
1.3 GW 1.6 GW
Wind Service escalation of contract cash flow
Company 4-5% retention rate business model
Kerala Tamil Nadu
0.03 GW 2.8 GW

12
Note: Information on this slide pertains solely to Suzlon make turbines. Renom information is on next slide
Renom: The ultimate multi-brand O&M solution

Assets spread across states

Competence of handling multi-technology under one roof
Map not to scale

3,229 MW 2,118 MW 148 MW 963 MW

Asset Under Wind Solar BOP
Management

15 37 900+ 200+
Different OEM Models being Satisfied
Manpower
Make serviced` Customers
344 MW
Rajasthan

Asset under Management (GW) Revenue (₹ Cr.)

815 MW 178 MW
213 220
Gujarat Madhya Pradesh 3.0 3.2
2.5 168

243 MW 1.7
Maharashtra 61

344 MW 486 MW
FY23 FY24 FY25 Q1FY26 FY23 FY24 FY25 Q1FY26
Karnataka Andhra Pradesh

818 MW
Tamil Nadu Diverse Proven track Resources & Focused
Lean & Agile
MBOMS Fleet record Technology Multi-brand

13
Strong sequential Order Book growth: Ten-Quarters Streak

Wind order book (in MW) WTG model mix Project segment mix

S144 Central & State

92% Auctions
25%
Captive/
C&I/Retail
54%

PSU
S120
21%
8%
5,742
5,025 5,361
Scope mix State mix

2,929
AP KA
14% 28%
Non-EPC
78% RJ
Mar'24 Mar'25 Jun'25 Aug'25^ 9%

MH
Orders announced in Jul’25 & Aug’25 EPC
7% GJ
22% TN
• Zelestra India : 381 MW 26%
8% MP
8%

^Order book as on 30th Jun 2025 plus orders announced in Jul’25 and Aug’25 | *EPC scope may differ from contract to contract I Note: Mix based on 5,742 MW

Highest ever domestic Order Book of 5.7 GW and strong pipeline provide clear revenue outlook 14
Pioneering the Future: Leaders at the Helm

Vinod Tanti Girish Tanti JP Chalasani Himanshu Mody Rajendra Mehta Sandeep
Chairman & Vice Chairman Group CEO Group CFO Group CHRO Chowdhury
Managing Director Group General Counsel

Tulsi Tanti
Founder,
Late Chairman and
Managing Director
Bernhard Vivek Srivastava Gurpratap Sairam Prasad Kamlesh Bhadani
CEO WTG Business Boparai CEO India OMS MD SE Forge
Telgmann
Group CTO CEO Manufacturing

Professional senior management team backing the rich experience of the Board 15
Note: Detailed profile of the management team and the board of directors is available on website/Annual Report
The Windman’s legacy lives on!

The Global Wind Energy Council (GWEC) conferred the

Lifetime Achievement Award on Shri Tulsi Tanti for his influential
contributions to sustainable energy.

He was also welcomed into GWEC’s Hall of Fame as a special tribute to

his impact as the Father of India’s Renewable Energy, benefiting
generations to come.

'Wind
Visionaries of
India’s first Asia' by Asian Tulsi Tanti
UN Champion TIME’s Hero of the Development Founder, Late Chairman
of the Earth Environment Bank (ADB) and Managing Director

16
Awards & Recognition

At GWEC’s 20th Mr. Girish Tanti, appointed Received the Greentech Champion of Green Suzlon becomes the 3rd
Anniversary in Lisbon, Chairman of the CII CSR India Award 2025 from Business Practices by ET fastest-growing brand in
Suzlon was honoured as National Committee on the Greentech Foundation Edge Global Sustainability 2025, as per Brand
the Segment Champion in Renewable Energy under the Rural Alliance under the Finance’s India 100 report
the Original Equipment Manufacturing, for his Development category. 'Sustainable Organisation on the most valuable and
Manufacturer category. leadership in advancing 2025' category for its ESG strongest Indian brands
India's RE manufacturing excellence.
sector.

17
ESG Landscape: Making meaningful impact & earning recognition

Ratings

ESG Rating Core ESG Rating as 64 79/100 in Prime status with decile Inclusion of Suzlon
upgraded by 22 “Very Good” ESG Ratings rank of 1 under Emerging ESG
points Index

Awards Membership

Organisation with Excellence in Global Award Sustainability Champions of Green Member of United Indian Green Steel Member of RE 100 & EV
Sustainable Supply Chain Excellence in Renewables Business Practices Nations Global Compact Coalition (IGSC) 100 under Climate Group

Suzlon rated higher than Industry average in all ESG pillars by S&P Global 18
Industry Outlook

Suzlon Strengths

Financial Performance

Suzlon Wind Farm, Gondal, Gujarat, India

19
Key Highlights Q1 FY26

Achieved highest ever EBITDA surged to ₹599 WTG business maintained Unmatched in the
first quarter deliveries of Cr, posting a growth of healthy contribution industry, highest-ever firm
444 MW, with 62% YoY driven by strong margin with favourable and well diversified order
consolidated revenue deliveries scope mix and customer book of 5.7 GW
soaring to ₹3,117 Cr mix

S144 orderbook Net cash position at CRISIL has upgraded the

surpasses 5 GW making it ₹1,620 Cr as of Jun’25, a rating to A+/ Stable
dominant product for strong financial position marking five notches
Indian markets improvement in two years

Strong execution focus resulting in robust financial performance on all parameters 20

Exceptional Q1 FY26 performance, marked by impressive growth

Deliveries (MW) 62% YoY Revenue (₹ Cr.) 55% YoY

573 3,774
444 3,117
274 2,016

Q1 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q4 FY25 Q1 FY26

EBITDA (₹ Cr.) 62% YoY PBT (₹ Cr.) 52% YoY

693 551
599 459
370 302

Q1 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q4 FY25 Q1 FY26

Note: Based on Consolidated Financials | PBT presented to draw like to like comparison, PAT not comparable due to deferred tax recognitions in FY25 21
WTG Business: Operating leverage began to materialize

Wind capacity additions in India (in GW) Deliveries & Installations by Suzlon (in MW)

1,550

882
664 710 Deliveries (MW)
4.2 495
3.3 444
336 274
2.3
1.6 71 117*
Installation (MW)
FY23 FY24 FY25 Q1 FY25 Q1 FY26
FY23 FY24 FY25 Q1 FY26
Source: MNRE Website *Additionally 547 MW of erected WTG currently in the pre-commissioning phase, bringing the total to over 664 MW.

Achieved 60%+ YoY growth, reflecting strong demand Revenue & EBITDA

1 Driven by strong commercials fundamentals, robust C&I demand and FDRE tenders 8,481

Wind tariffs at sweet spot for all key stakeholders e.g. customers, vendors, OEMs, Revenue (₹ Cr.)
2 Financial Institutions, etc
3,781 4,215 965
Fortified balance sheet with adequate working capital helped delivery growth of 2,495
3 EBITDA (₹ Cr.)
62% on YoY basis 1,497 374
85 196 156
4 WTG Contribution margin stands at 26%
FY23 FY24 FY25 Q1 FY25 Q1 FY26

Growth momentum continues driven by strong financial performance and accelerated execution ramp-up 22
Note: The revenue numbers are from statutory segment reporting
India OMS: Consistent and profitable growth continues

Revenue
Installed&Capacity
EBITDA Base
trend(GW)
(₹ Cr.) Revenue (₹ Cr.)

15.1 15.2 1,798 1,928

14.7 1,668
13.9

436 478

FY23 FY24 FY25 Q1 FY26 FY23 FY24 FY25 Q1 FY25 Q1 FY26

Key Strengths EBITDA (₹ Cr.)

Over 2 decades of Diversified supplier network

1 4 40.1%
40.0%
best-in-class practices 42.9%

High margins and stable Highly experienced management (%)

2 5
cashflows team 715 721 771 EBITDA
43.5% 39.2% Margin
Strong customer base across Legacy positioning and sizeable presence 190 188
3 6
all segments in all eight windy states
FY23 FY24 FY25 Q1 FY25 Q1 FY26

OMS India division is a resilient business model generating consistent cash 23

Note 1: The above numbers are for OMS India division from statutory segment reporting without Renom
SE Forge: Capacity unlocking plans underway

Operating Revenue & EBITDA trend (₹ Cr.) Revenue mix (₹ Cr.)

18% 36% 49%

Op. Revenue Suzlon
86
175 241
472 483 489
15.7% 19.0% EBITDA 62% Others
15.1% 10.8%
386
8.8% 307 249 40%
41 76 74 92 10 146 28 91
36 (%)
55 55
EBITDA % Suzlon Share
FY23 FY24 FY25 Q1 FY25 Q1 FY26 FY23 FY24 FY25 Q1 FY25 Q1 FY26

Key Strengths Capacity Utilization (%)

31%
Independently operating business Lower level of capacity utilization provides 25%
1 4 22% 21%
with diversified customer base headroom for growth
Annual manufacturing capacity Availability of skilled manpower &
2 of 120,000 MT
5 working capital

Favorable wind energy market Robust & lean manufacturing systems

3 conditions
6
FY23 FY24 FY25 Q1 FY26

SE Forge (Foundry & Forging) is well poised for capacity expansion with strong demand for wind sector 24
Note: The revenue numbers are from statutory segment reporting
Consolidated income statement
(₹ Cr.)

Q1 FY26 Q1 FY25 Q4 FY25 FY25 FY24

Particulars Unaudited Unaudited Unaudited Audited Audited

Net Volumes (MW) 444 274 573 1,550 710

Net Revenue 3,117 2,016 3,774 10,851 6,497

Contribution 1,094 712 1,212 3,656 2,348

Contribution Margin 35.1% 35.3% 32.1% 33.7% 36.1%

Employee Expenses 254 196 238 942 703

Other Expenses (net) 241 146 280 857 617

EBITDA 599 370 693 1,857 1,029

EBITDA Margin 19.2% 18.4% 18.4% 17.1% 15.8%

Depreciation 70 46 93 259 190

Net Finance Cost 70 22 49 151 126

Profit before Tax 459 302 551 1,447 713

Taxes 135 0 -630 -625 -1

Net Profit (before exceptional items) 324 302 1,181 2,072 714

Exceptional Loss / (Gain) - - - - 54

Net Profit After Tax 324 302 1,181 2,072 660

25
Consolidated balance sheet
(₹ Cr.)

Jun-25 Mar-25 Mar-24

Particulars Unaudited Audited Audited

Equity & Liabilities

Net Worth 6,542 6,106 3,920

Borrowings (non-current and current) 311 283 110

Non-current Liabilities 830 810 200

Current Liabilities 6,779 5,761 2,948

Total equity and liabilities 14,461 12,960 7,179

Assets

Non-current Assets 2,604 2,637 1,061

Inventories 3,991 3,234 2,292

Trade Receivables 4,553 3,866 1,830

Other current assets 1,382 996 739

Cash and cash equivalents* 1,931 2,227 1,258

Total assets 14,461 12,960 7,179

Net Cash 1,620 1,943 1,148

26
*including Non-Current Bank balances & mutual fund investments
Glossary

1. AEP – Annual Energy Production 17. LCoE – Levelized Cost of Energy

2. BOP – Balance of Plant 18. MNRE – Ministry of New And Renewable Energy
3. BESS – Battery Energy Storage System 19. MT – Metric Ton
4. C&I – Commercial and Industrial 20. MW – Megawatt
5. CEA - Central Electricity Authority 21. NIWE – National Institute of Wind Energy
6. COD – Commercial Operations Date 22. OEM - Original Equipment Manufacturer
7. EBITDA – Earnings before Interest, Tax, Depreciation and Amortizations 23. OMS – Operations and Maintenance Services
8. GoI – Government of India 24. PLF – Plant Load Factor
9. GH2 – Green Hydrogen 25. PSA – Power Sale Agreement
10. GW – Gigawatt 26. RE – Renewable Energy
11. GWEC – Global Wind Energy Council 27. RGO -- Renewable Generation Obligation
12. HH – Hub Height 28. RPO – Renewable Purchase Obligation
13. IRIM – International Research Institute for Manufacturing 29. RTC – Round The Clock
14. ISTS – Inter-State Transmission System 30. SCoD – Scheduled Commissioning Date
15. IWTMA – Indian Wind Turbine Manufacturers Association 31. WTG – Wind Turbine Generator
16. KPI – Key Performance Indicators 32. Y-o-Y – Year on Year

27
References
https://www.seci.co.in/

• https://www.seci.co.in/

• https://cea.nic.in/
https://www.mercomindia.com/

• https://www.mercomindia.com/
https://powermin.gov.in/

• https://powermin.gov.in/

• https://niwe.res.in/
https://mnre.gov.in/

• https://mnre.gov.in/
https://gwec.net/globalwindreport2023/

• https://gwec.net/globalwindreport2023/
http://www.cercind.gov.in/

• http://www.cercind.gov.in/

• https://gwec.net/india-wind-energy-market-outlook-2023-2027-report/
https://www.crisil.com/en/home/sectors-we-cover/energy.html

• https://www.crisil.com/en/home/sectors-we-cover/energy.html

28
Thank You

Email contact for queries

investorrelations@suzlon.com

29