Changes to the Board of Directors of Azure Power

November 06, 2024

Gurugram, November 06, 2024: Azure Power Global Limited (the “Company” or “Azure”), an independent sustainable energy solutions provider and renewable power producer in India, today announced that Ms. Supriya Prakash Sen, an Independent Non-Executive Director, has stepped down from her position effective close of business on September 30, 2024, to pursue other opportunities.

Ms. Supriya has been a steadfast and committed member of the Azure board throughout its complex journey over the past four years. She has consistently exhibited a broad understanding of the business, thoughtfully integrating strategic, financial, ESG, and governance considerations. We extend our best wishes for her future endeavours.

The Company also announced that Ms. Pratibha Bajaj 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 October 23, 2024.

Ms. Pratibha Bajaj, a seasoned investment professional with more than 15 years of experience, currently serves as Senior Director of Infrastructure at CDPQ India. In this role, she drives new business opportunities in India and the Middle East. Prior to her current position, she held the position of Lead, Digital Infrastructure, Asia Pacific at the International Finance Corporation.

Speaking on this, Mr. Brijesh Mehra, Chairman of the Board said, “We are delighted to welcome Pratibha to Azure. She brings deep experience in infrastructure asset investments. We are also grateful to Supriya as she has been a valuable member of our board, consistently contributing insightful and informed opinions during past 4 years. We wish her great success in her future roles.”

Speaking on this, Mr. Sunil Gupta, Chief Executive Officer said, “On behalf of the entire company, I would like to express our deepest gratitude to Supriya for her dedicated service and invaluable contributions to Azure. We are excited to have Pratibha join our board. Her deep understanding of investment and financial matters will strengthen our strategic direction and drive future growth.”

About Azure Power
Azure Power develops, constructs and operates renewable energy projects to provide innovative solutions to its customers’ needs. Since 2009, Azure Power has grown rapidly to become a leader in accelerating India’s energy transition.

For more information about Azure Power, visit: www.azurepower.com.

Forward-Looking Statements
This press release contains forward-looking statements. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “believes” and similar expressions are used to identify forward-looking statements. These statements are based on current expectations and beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements in this press release. All forward-looking statements in this press release are based on information available to the Company as of the date hereof, and the Company assumes no obligation to update any forward-looking statements.

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