Azure Power Announces Results of the 2022 Annual Meeting of Shareholders

Azure Power Global Limited (Azure Power), a leading sustainable energy solutions provider and renewable power producer in India, announced that it held its 2022 Annual Meeting of Shareholders on September 30, 2022 at its New Delhi office. Each of the proposals submitted for shareholder approval was approved.

Specifically, the shareholders (i) re-appointed Ernst & Young (EY Mauritius) as the independent auditor of the Company for the fiscal year ending March 31, 2023, (ii) re-elected Mr. Deepak Malhotra as the Company’s director, (iii) re-elected Mr. M. S. Unnikrishnan as the Company’s director, (iv) ratified the appointment of Ms. Christine Ann McNamara as the Company’s director, and (v) ratified the appointment of Ms. Delphine Voeltzel as the Company’s director.

Last month Azure announced that it has entered into an agreement for 600 megawatts (MW) DC of high-performance, advanced thin film photovoltaic (PV) solar modules from First Solar, Inc. The agreement is the first for production from First Solar’s new manufacturing facility in Tamil Nadu, India, which is expected to be commissioned in the second half of 2023. Under the agreement, Azure Power is expected to take delivery of First Solar’s Series 7 photovoltaic (PV) solar modules from the fourth quarter of 2023 to 2025.