NEW DELHI, Aug. 21, 2020 /PRNewswire/ -- Azure Power Global
Limited ("Azure Power" or the "Company") (NYSE: AZRE), a leading
solar power producer in India,
announced that it will hold its annual general meeting of
shareholders at the Company's office on the 3rd Floor, Asset
301-304, WorldMark 3, Aerocity, New
Delhi 110037, India at
3 p.m. (Delhi Time) on September 28, 2020.
The Company will propose at the annual general meeting to (i) to
adopt Annual Report of the Company for the period ended
March 31, 2020, together with the
Report of the Board of Director and the Report of the Auditor and
the Form 20-F, (ii) re-appointment of Ernst & Young Associates
LLP ("EY Mauritius") as the independent auditor of the Company (the
"Auditor") for the fiscal year ending March
31, 2021 and fix their remuneration, (iii) re-elect Mr.
Arno Lockheart Harris as the
Company's director, (iv) re-elect Mr. Cyril
Sebastien Dominique Cabanes as the Company's director, (v)
ratify appointment of Ms. Supriya Prakash
Sen as the Company's director, and (vi) ratify appointment
of Mr. M. S. Unnikrishnan as the Company's director, and (vii) 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 September 1, 2020
(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, 2020, containing the
complete audited financial statements and report of the auditors
for fiscal year ended March 31, 2020,
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, 2020
free of charge.
About Azure Power
Azure Power (NYSE: AZRE) is a leading independent solar power
producer with a pan-India portfolio 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 and operator of solar 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 solar 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
Nathan
Judge, CFA
ir@azurepower.com
Media Contact
Samitla Subba
pr@azurepower.com
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SOURCE Azure Power