At meeting held on 31 July 2015
Suzlon Energy announced that the Board of Directors of the Company at its meeting held on 31 July 2015, inter alia, has approved the following;1. The Board approved appointment of Kirti J. Vagadia as Group CFO w.e.f. 01 August 2015 and acceptance of resignation of Amit Agarwal as the CFO of the Company.
2. The Board of Directors has approved the following, subject however to the approval of the shareholders at the ensuing 20th Annual General Meeting of the Company;
- Issue of Securities to the extent of Rs. 5,000 crore (This is an enabling resolution to facilitate the Company to raise funds at an appropriate time should that be required);
- Formulation of Employee Stock Option Plan 2015 (the "ESOP 2015") of the Company for the employees of the Company and its subsidiaries.
- Variation in the terms of Special Employee Stock Option Plan 2014 (the "Special ESOP 2014") of the Company by extending the exercise period by 2 (Two) years.
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