Change - Announcement of Appointment::Azure Power appoints Chairman of the Board of Directors

Issuer & Securities

Issuer/ Manager
AZURE POWER SOLAR ENERGY PRIVATE LIMITED
Securities
AZUREPUS$350.101M5.65%N241224A - US05502TAA60 - WGOB
AZUREPUS$350.101M5.65%N241224R - USV04008AA29 - UIHB
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
10-May-2024 18:43:09
Status
New
Announcement Sub Title
Azure Power appoints Chairman of the Board of Directors
Announcement Reference
SG240510OTHR5FCN
Submitted By (Co./ Ind. Name)
KAPIL SHARMA
Designation
COMPANY SECRETARY
Effective Date and Time of the event
08/05/2024 09:30:00
Description (Please provide a detailed description of the event in the box below)
Azure Power Global Limited (the "Company" or "Azure Power") (OTC: AZREF), a leading sustainable energy solutions provider and renewable power producer in India, today announced that Mr. Brijesh Mehra has been appointed as a non-executive Director of the Company and of Azure Power India Private Limited as the nominee of CDPQ Infrastructures Asia Pte Ltd., effective May 08, 2024. Mr. Mehra shall also assume the role of Chairman of the Board of the Company and of Azure Power India Private Limited.

Additional Details

Date Of Appointment
08/05/2024
Name Of Person
BRIJESH MEHRA
Age
60
Country Of Principal Residence
India
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
Speaking on this occasion, Mr. Sunil Gupta, Chief Executive Officer, Azure Power, said, "We are pleased to have Brijesh join our Board as the Chairman. We believe that his rich leadership experience, excellent insights about the business environment and deep understanding of financial and capital markets will be valuable assets for the Company's transformation journey."
Whether appointment is executive, and if so, the area of responsibility
Non-Executive Director
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chairman
Professional qualifications
He holds a bachelor's degree from Delhi University and an MBA from Indian Institute of Management (IIM) Ahmedabad.
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries
NO
Conflict of interests (including any competing business)
NO
Working experience and occupation(s) during the past 10 years
Mr. Mehra is a veteran in the banking industry with over 35 years of experience across several capacities including overseeing businesses across India and multiple South Asian geographies. In his last role at RBL Bank, Mr. Mehra was responsible for the Wholesale business of the Bank. Prior to joining RBL Bank, Mr. Mehra was Country Executive India and as well as Southeast Asia/India Cluster Head of Corporate and Institutional Banking at Royal Bank of Scotland (RBS).
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Principal Commitments* Including Directorships#
*"Principal Commitments" has the same meaning as defined in the Code
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
None
Present
None
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
No
Disclosure applicable to the appointment of Director only.
Any prior experience as a director of an issuer listed on the Exchange?
No
If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange
No

Attachments

Press Release.pdf
Total size =55K