Suzlon Energy Ltd has informed BSE that the Remuneration Committee of the Board of Directors of the Company and the Board of Directors of the Company have on June 16, 2008 approved the implementation of an employee stock option plan, namely, Employee Stock Option Plan-Perpetual-I (”ESOP-Perpetual-I”) for all the employees of the Company and its subsidiary Companies, subject however to approval of members at the ensuing Thirteenth Annual General Meeting of the Company.