Renewable energy major Suzlon Energy has announced important dates for its shareholders ahead of its 31st Annual General Meeting (AGM). The company has informed stock exchanges that its AGM will be held on September 11, 2026, while the share transfer books and register of members will remain closed from September 5 to September 11, 2026. The announcement comes at a time when Suzlon shares have been under pressure following the company's latest quarterly earnings.
Suzlon Announces Book Closure Period
According to the official filing submitted to the NSE and BSE, Suzlon Energy's Register of Members and Share Transfer Books will remain closed from Saturday, September 5, 2026, to Friday, September 11, 2026 (both days inclusive).
During this period, no share transfers will be processed. The book closure is being undertaken for the purpose of conducting the AGM and determining shareholder records. The company has also enabled remote e-voting facilities, allowing eligible shareholders to vote electronically on resolutions before the meeting.
Suzlon Share Price Under Pressure
Suzlon Energy shares continued to face selling pressure on Wednesday, falling 1.5% to ₹47.47 on the BSE. The stock has corrected nearly 10% in the last two trading sessions, reflecting investor concerns after the company's Q1 FY27 earnings.
The renewable energy company reported a 6% year-on-year decline in consolidated net profit, which came in at ₹305 crore, compared with ₹324 crore in the corresponding quarter last year.
Despite the decline in profit, analysts believe Suzlon remains one of the key beneficiaries of India's long-term renewable energy expansion plans.
Motilal Oswal Maintains 'Buy' Rating
Brokerage firm Motilal Oswal has reiterated its 'Buy' recommendation on Suzlon Energy while revising its target price to ₹65 per share, indicating a potential upside of around 35% from current levels.
The brokerage noted that while the latest quarter was relatively weak, the company continues to remain on a strong growth path.
Key Factors Highlighted by Motilal Oswal
Order inflows, project execution, and installation pace will be critical for sustaining growth through FY27 and FY28.
Wind Turbine Generator (WTG) contribution margins declined to 23.4%, compared to 26% in Q1 FY26 and 24.5% in Q4 FY26.
EBITDA margin remained at 15.5%, impacted by temporary logistics and supply-chain disruptions linked to geopolitical tensions in the Middle East.
Nuvama Remains Cautious
Brokerage firm Nuvama has maintained a 'Hold' rating on Suzlon Energy and revised its target price to ₹51 per share, suggesting a modest upside of around 6%.
The brokerage remains optimistic about Suzlon's prospects in:
FDRE (Firm and Dispatchable Renewable Energy) projects
RTC (Round-the-Clock) renewable power projects
Hybrid renewable energy tenders
PSU-led renewable energy projects
Nuvama also highlighted Suzlon's strong presence in the Commercial & Industrial (C&I) and captive power segments, which currently contribute nearly 70% of the company's order book.
Renewable Energy Growth Story Remains Intact
While short-term profitability remains under pressure, analysts believe Suzlon's long-term growth outlook remains favorable. India's increasing focus on clean energy, rising demand for wind power, and government-backed renewable initiatives continue to create significant opportunities for the company.
However, experts expect wind energy sector growth to stabilize at around 8–10 GW annually over the next few years, with Suzlon's larger growth ambitions likely to materialize gradually toward the latter part of the decade.
Key Dates for Suzlon Shareholders
AGM Date: September 11, 2026
Book Closure Period: September 5–11, 2026
Remote E-Voting: Available for eligible shareholders
Current Share Price: ₹47.47
Motilal Oswal Target Price: ₹65
Nuvama Target Price: ₹51
As Suzlon navigates short-term challenges and market volatility, investors will closely monitor order inflows, execution capabilities, and margin recovery in the coming quarters.
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