Suzlon Energy Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 27, 2016, has, inter alia, approved the following: Composite scheme of merger and demerger for: a) Merger of SE Blades Limited (SEBL), SE Electricals Limited (SEEL) and Suzlon Wind International Limited (SWIL), 100% owned subsidiaries of the Company, into the Company; and b) De-merger of the tubular tower manufacturing division of Suzlon Structures Limited (SSL), 100% owned subsidiary of the Company, into the Company. The said composite scheme of merger and demerger would be subject to the approval of the lenders / CDR EG. Such consolidation of the above referred manufacturing companies will result in achieving business and administrative synergies for the Group like: Increased competitive strength; Improved productivity and efficiency resulting in cost reduction; Optimisation of working capital; Pooling of managerial and technical resources. Additionally, the Board of Directors of SSL and Suzlon Global Services Limited (SGSL), a wholly owned subsidiary of SSL and a step down wholly owned subsidiary of the Company, at their respective meetings held on even date, have, subject to the approval of the lenders, approved the merger of SGSL with SSL. The operation, maintenance and services (OMS) business was separated from SEL to achieve a strategic and operational focus on the business and development of a qualitative enterprise and a sector leader for OMS operations. The business has gathered required critical mass and has good and sustainable operating margins, since separation from SEL. Thus with a view to rationalise the OMS business to optimise future fund raising, this merger has been proposed. The proposed consolidation will also result in achieving business and administrative synergies for the OMS operations of the Suzlon Group. Outcome of the Board Meeting dated 11th August 2017 (As Per BSE Announcement Dated on 11.08.2017)