In October 3 trade, Suzlon stock fell 4.61 percent to its intraday low of Rs 76.06 per share on the NSE. Suzlon shares have been on a decline in the last six days and have fallen 8.71 percent in the period.

Suzlon Energy shares drop 4% after receiving warning letters from NSE and BSE regarding corporate governance standards.

Suzlon Energy has emerged as a top-performing stock, with returns of 208.79% in the past year and 896.63% over two years. However, the company received a compliance warning from the NSE and BSE for failing to disclose the resignation of Independent Director Marc Desaedeleer in a timely manner.

Suzlon Energy share price: "On review of the responses and documents received from the company on the issues raised by the resigning independent director, it was identified that there seem to be few instances where better corporate governance practices could have been followed by the company,

These warnings follow the company’s handling of disclosures related to the resignation of Independent Director, Marc Desaedeleer.

Suzlon Energy has been issued an advisory cum warning letter from both the National Stock Exchange (NSE) and BSE Ltd, regarding non-compliance with the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements.

Perhaps one of the most tracked companies on the bourses – Suzlon Energy – has received warning letters from both the exchanges NSE and BSE. The case pertains to the resignation of an Independent Director earlier this year,