Change - Announcement of Cessation::Azure Power announces changes in 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 Cessation
Date &Time of Broadcast
19-Jun-2023 21:34:54
Status
New
Announcement Sub Title
Azure Power announces changes in Board of Directors
Announcement Reference
SG230619OTHRWSUG
Submitted By (Co./ Ind. Name)
Vikas Bansal
Designation
Head - Investor Relations
Effective Date and Time of the event
26/06/2023 00:00:00
Description (Please provide a detailed description of the event in the box below)
Azure Power an independent sustainable energy solutions provider and renewable power producer in India announced two changes to its Board of Directors.

Mr. Richard Payette, FCPA, GCB.D, will join the Board as an Independent non-executive Director on the Company Board effective July 1, 2023. Mr. Payette will also take over as Chair of the Audit & Risk Committee and will join the Board of Azure Power India Private Limited, a subsidiary of the Company.

Christine McNamara, Independent non-executive Director and current chair of Audit & Risk Committee has decided to resign from the Company Board effective June 26, 2023. Her decision to step down from the Board is necessitated due to her commitments towards family health matters. Christine decision to resign was not the result of any disagreement with the Company operations, policies, or procedures.

Additional Details

Name Of Person
Christine McNamara
Age
64
Is effective date of cessation known?
Yes
If yes, please provide the date
26/06/2023
Detailed Reason (s) for cessation
Her decision to step down from the Board is necessitated due to her commitments towards family health matters. Christine decision to resign was not the result of any disagreement with the Company's operations, policies, or procedures.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
01/03/2022
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
0
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent non-executive Director and chair of Audit & Risk Committee
Role and responsibilities
Independent non-executive Director and chair of Audit & Risk Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
Past (for the last 5 years)
None
Present
None

Attachments

AZRE_6K-Azure Power announces changes in Board of Directors.pdf
Total size =52K