Announcement in Relation to Regulatory Actions by SGX and/or Other Authorities::Final Decision of NYSE Committee Following Appeal of NYSE Delisting Determination

Issuer & Securities

Issuer/ Manager
AZURE POWER ENERGY LTD
Securities
AZUREPOWUS$414M3.575%N260819R - USV0002UAA52 - 5E6B
AZUREPOWUS$414M3.575%N260819A - US05502VAA17 - ORWB
Stapled Security
No

Announcement Details

Announcement Title
Announcement in Relation to Regulatory Actions by SGX and/or Other Authorities
Date &Time of Broadcast
01-Nov-2023 19:56:44
Status
New
Announcement Sub Title
Final Decision of NYSE Committee Following Appeal of NYSE Delisting Determination
Announcement Reference
SG231101OTHRDLBP
Submitted By (Co./ Ind. Name)
Vikas Bansal
Designation
Head - Investor Relations
Effective Start Date of the Event
01/11/2023 00:00:00
Description (Please provide a detailed description of the event in the box below)
Azure Power Global Limited (the Company or Azure Power), a leading sustainable energy solutions provider and renewable power producer in India, today announced that, following its review of the determination of the staff of New York Stock Exchange Regulation (the NYSE Staff) to delist the Company equity shares from trading on the New York Stock Exchange LLC (the NYSE), on October 30, 2023, a Committee of the Board of Directors of the NYSE (the NYSE Committee) reached a final decision to uphold the delisting determination (the Final Delisting Decision). On October 31, 2023, the NYSE filed a Form 25 notification of removal from listing with the U.S. Securities and Exchange Commission (the SEC).

The Company filed its annual report on Form 20-F (including its consolidated financial statements) for the year ended March 31, 2022 on October 12, 2023 in line with its earlier guidance. The Company annual report on Form 20-F (including its consolidated financial statements) for the year ended March 31, 2023 is yet to be filed.

The removal of the Company shares from listing on the NYSE will become effective on November 13, 2023, i.e., ten days after the filing of the Form 25 Notification of Removal from Listing. Following the delisting from the NYSE, the Company will continue to adhere to its SEC reporting obligations as long as its shares are registered under the U.S. Securities Exchange Act of 1934, as amended.

Attachments

Form_6K_Delisting.pdf
Form_25_filed_by_NYSE.pdf
Total size =376K