Change - Announcement of Cessation::Resignation of Chief Executive Officer and Chief Operating Officer

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
Change - Announcement of Cessation
Date &Time of Broadcast
29-Apr-2022 20:50:35
Status
New
Announcement Sub Title
Resignation of Chief Executive Officer and Chief Operating Officer
Announcement Reference
SG220429OTHR9KPP
Submitted By (Co./ Ind. Name)
Vikas Bansal
Designation
Head Investor Relations
Effective Date and Time of the event
26/04/2022 17:00:00
Description (Please provide a detailed description of the event in the box below)
Azure Power Global Limited a leading independent sustainable energy solutions provider and power producer in India, today announced that its Board of Directors have accepted the resignations of Ranjit Gupta, Chief Executive Officer (CEO), and Murali Subramanian, Chief Operating Officer (COO). Both will relinquish their roles with the Company and its subsidiaries, and Mr. Gupta will resign from the Board of Directors ("the Board") with immediate effect in order to pursue other opportunities.

Additional Details

Name Of Person
Ranjit Gupta
Age
51
Is effective date of cessation known?
Yes
If yes, please provide the date
26/04/2022
Detailed Reason (s) for cessation
To pursue other opportunities.
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
18/07/2019
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
MD/CEO and COO of Azure Power
Role and responsibilities
MD/CEO and COO of Azure Power
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
Past (for the last 5 years)
None
Present
None