Azure Power Announces Results of the 2018 Annual General Meeting of Shareholders
August 13 2018 - 11:17PM
Business Wire
Azure Power (NYSE:AZRE), a leading independent solar power
producer in India, announced that it held its 2018 Annual General
Meeting of Shareholders on August 13, 2018. Each of the proposals
submitted for shareholder approval was approved.
Specifically, the shareholders (i) adopted the Annual Report of
the Company along with the Report of the Board of Directors and the
Report of the Auditors on the Financial Statements and the Form
20-F filed with SEC for the year ended 31 March 2018, (ii) ratified
the appointment of Ernst & Young Associates LLP as the auditor
(the “Auditor”) to audit the account of the Company for the fiscal
year ending March 31, 2019 and to authorize the Board or CFO to set
the remuneration of the Auditor, (iii) re-elect Mr. Muhammad Khalid
Peyrye as the Company’s director, (iv) re-elect Mr. Rajendra Prasad
Singh as the Company’s director, and (v) re-appoint Mr. Harkanwal
S. Wadhwa as the Company’s director.
About Azure Power
Azure Power (NYSE:AZRE) is a leading independent solar power
producer with a pan-Indian portfolio. With its in-house
engineering, procurement and construction expertise and advanced
in- house operations and maintenance capability, Azure Power
provides low-cost and reliable solar power solutions to customers
throughout India. It has developed, constructed and operated solar
projects of varying sizes, from utility scale, rooftop to mini
& micro grids, since its inception in 2008. Highlights include
the construction of India’s first private utility scale solar PV
power plant in 2009 and the implementation of the first MW scale
rooftop project under the smart city initiative in 2013.
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 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. In the press release, portfolio and the
project represents megawatts capacity of solar power plants
pursuant to PPAs, signed or allotted or where the Company has been
cleared as one of the winning bidders or won a reverse auction but
has yet to receive a letter of allotment. 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20180813005710/en/
InvestorAzure PowerNathan Judge,
CFAir@azurepower.comInvestor RelationsorMediaAzure
PowerSamitla Subba, +91-11- 4940 9854pr@azurepower.comMarketing
Azure Power Global (NYSE:AZRE)
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