Azure Power Global Limited to Hold 2021 Annual General Meeting on December 21, 2021

Rhea-AI Summary

Azure Power Global Limited (NYSE: AZRE), a top renewable power producer in India, will host its annual general meeting on December 21, 2021, at 3 p.m. in New Delhi. Key proposals include adopting the annual report for the year ended March 31, 2021, re-appointing Ernst & Young as independent auditor, and re-electing directors. Shareholders recorded by November 22, 2021, can vote. The agenda will be available on the company's website. Azure Power, with over 7 gigawatts of capacity, has pioneered India’s solar energy sector since 2009.

Positive

• Azure Power has a portfolio exceeding 7 gigawatts, showcasing strong market positioning.
• The company is recognized as a pioneer in India's renewable energy sector, enhancing its reputation.

Negative

• None.

NEW DELHI, Nov. 12, 2021 /PRNewswire/ --  Azure Power Global Limited ("Azure Power" or the "Company") (NYSE: AZRE), a leading independent renewable power producer in India, announced that it will hold its annual general meeting of shareholders at the Company's office on 5^th Floor, Southern Park, D-II, Saket Place, Saket, New Delhi-110017, India at 3 p.m. (Delhi Time) on December 21, 2021.

The Company will propose at the annual general meeting to (i) to adopt Annual Report of the Company for the year ended March 31, 2021, together with the Report of the Board of Directors, the Report of the Auditor and the Form 20-F, (ii) re-appointment of Ernst & Young ("EY Mauritius") as the independent auditor of the Company (the "Auditor") for the fiscal year ending March 31, 2022 and fix their remuneration, (iii) re-elect Mr. Muhammad Khalid Peyrye as the Company's director, (iv) re-elect Mrs. Yung Oy Pin Lun Leung as the Company's director, (v) ratify appointment of Mr. Richard Alan Rosling as the Company's director, and (vi) to transact such other business as may properly come before the Annual Meeting or any adjournment or postponement thereof.

Only shareholders on record of the Company's equity shares on the close of business on November 22, 2021 (Eastern Standard Time) (the "Record Date") are entitled to receive notice and vote at the annual general meeting or any adjournment. Shareholders are cordially invited to attend the annual general meeting. Shareholders are entitled to appoint a proxy to attend and act for and on behalf of them at the meeting.

A notice of the annual general meeting describing the matters to be considered at the meeting will be available on Azure Power's website at http://www.azurepower.com.

For a copy of the Company's annual report for the fiscal year ended March 31, 2021, containing the complete audited financial statements and report of the auditors for fiscal year ended March 31, 2021, and the report of the board of directors, please visit the Investor Relations Section on Azure Power's website at http://www.azurepower.com. We will provide all holders of our equity shares, upon request, a hard copy of our annual report for the fiscal year ended March 31, 2021 free of charge.

About Azure Power

Azure Power (NYSE: AZRE) is a leading independent renewable power producer in India with a pan India portfolio of over 7 gigawatts. Azure Power developed India's first private utility scale solar project in 2009 and has been at the forefront in the sector as a developer, constructor and operator of utility scale renewable projects since its inception in 2008. With its in-house engineering, procurement and construction expertise and advanced in-house operations and maintenance capability, Azure Power manages the entire development and operation process, providing low-cost renewable power solutions to customers throughout India. For more information, visit: www.azurepower.com.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's future financial and operating guidance, operational and financial results such as estimates of nominal contracted payments remaining and portfolio run rate, and the assumptions related to the calculation of the foregoing metrics. The risks and uncertainties that could cause the Company's results to differ materially from those expressed or implied by such forward-looking statements include: the availability of additional financing on acceptable terms; changes in the commercial and retail prices of traditional utility generated electricity; changes in tariffs at which long term PPAs are entered into; changes in policies and regulations including net metering and interconnection limits or caps; the availability of rebates, tax credits and other incentives; the availability of solar panels and other raw materials; its limited operating history, particularly as a new public company; its ability to attract and retain its relationships with third parties, including its solar partners; its ability to meet the covenants in its debt facilities; meteorological conditions issues related to the corona virus; supply disruptions; power curtailments by Indian state electricity authorities and such other risks identified in the registration statements and reports that the Company has filed with the U.S. Securities and Exchange Commission, or SEC, from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and the Company assumes no obligation to update these forward-looking statements.

Investor Contact
Vikas Bansal
ir@azurepower.com

Media Contact
Samitla Subba
pr@azurepower.com

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SOURCE Azure Power

FAQ

When is the Azure Power annual general meeting scheduled?

The Azure Power annual general meeting is scheduled for December 21, 2021, at 3 p.m. in New Delhi.

What key proposals will be discussed at the Azure Power AGM?

Key proposals include adopting the annual report for the fiscal year ended March 31, 2021, and re-appointing Ernst & Young as independent auditor.

Who is eligible to vote at the Azure Power AGM?

Only shareholders on record by November 22, 2021, are entitled to receive notice and vote at the annual general meeting.

What is Azure Power's significance in the renewable energy sector?

Azure Power is a leading independent renewable power producer in India and a pioneer in solar energy development.

Where can I find the annual report for Azure Power?

The annual report for Azure Power can be accessed in the Investor Relations section on their website.