UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of March, 2020
Commission File Number 001-37909
AZURE POWER GLOBAL LIMITED
3rd Floor, Asset 301-304 and 307,
Worldmark 3, Aerocity, New Delhi 110037, India
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F ☒ Form 40 F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1). ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7). ☐
Exhibit Number |
Description |
|
|
99.1 |
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
AZURE POWER GLOBAL LIMITED |
||
|
|
|
|
Date: March 31, 2020 |
By: |
/s/ Ranjit Gupta |
|
|
|
Name: |
Ranjit Gupta |
|
|
Title: |
Principal Executive Officer |
Exhibit 99.1
HS Wadhwa Resigns From Board Of Director and COO At Azure Power, Murali Subramanian Takes Over as the New COO
New Delhi, March 31, 2020 - Azure Power Global Limited (NYSE: AZRE), a leading solar power producer in India, announced that Mr. Harkanwal Singh Wadhwa, has resigned from his position as member of the Board of Directors of Azure Power and all its subsidiaries effective March 31, 2020. Mr Wadhwa also resigned from his position as Chief Operating Officer and will be discharged from all his roles and responsibilities in the company effective April 03, 2020. Mr. Murali Subramanian, President of the Company, will take over as the new COO effective April 04, 2020.
Mr. Wadhwa’s decision to resign was not the result of any disagreement with the company on any matter relating to the Company’s operations, policies or practices.
Mr Subramanian joined Azure Power in July 2019 as President and has been overlooking project operations and Infra division for the company.
About Azure Power
Azure Power (NYSE: AZRE) is a leading independent solar power producer with a pan-India portfolio. With its in-house engineering, procurement and construction expertise and advanced inhouse operations and maintenance capability, Azure Power provides low-cost and reliable solar power solutions to customers throughout India. It has developed, constructed and operated solar projects of varying sizes since its inception in 2008. For more information, visit: www.azurepower.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s future financial and operating guidance, operational and financial results such as estimates of nominal contracted payments remaining and portfolio run rate, and the assumptions related to the calculation of the foregoing metrics. The risks and uncertainties that could cause the Company’s results to differ materially from those expressed or implied by such forward-looking statements include: the availability of additional financing on acceptable terms; changes in the commercial and retail prices of traditional utility generated electricity; changes in tariffs at which long term PPAs are entered into; changes in policies and regulations including net metering and interconnection limits or caps; the availability of rebates, tax credits and other incentives; the availability of solar panels and other raw materials; its limited operating history, particularly as a new public company; its ability to attract and retain its relationships with third parties, including its solar partners; its ability to meet the covenants in its debt facilities; meteorological conditions and such other risks identified in the registration statements and reports that the Company has filed with the U.S. Securities and Exchange Commission, or SEC, from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and the Company assumes no obligation to update these forward-looking statements.
For more information:
Azure Power - Investor Contact:
Nathan Judge, CFA
ir@azurepower.com
Investor Relations, Azure Power
Samitla Subba
pr@azurepower.com
+91-11-4940-9800
Policy and Communications, Azure Power
2
<^%>)O\ 7K^UO:-8!8OVZQ/M8V6&YK_5_9\W/=4_
MW')R\K6M^5W/7CQQP9'PQ_L'V2_M-8#ZJ\'["5WC.7E^M^UY/9I.K_M/M.?G
M3]U+F21YC^QAX)OO&M_\7M-$4AT;4OACJ_AN]<@B$W^O2Q)I47F8P)P]G<3)
MSD?9F/&!GVO$3,J66T>'ZO,HXFAF5/$07VE"@OWCMV]Z,7_BL?.>$F3ULVQ'
M%6'Y&\)B,GK82H_LNKB)6HQOMS)PE-=N6Y\GV>M:QH5AXH\)VX, !C(YT;4UO;> *O4K?0H<$$Y3 ZFONJF'P^)K8''2WPGM*E&71*M2Y)2OY0
M?XGYE1Q>+P6'S++(>ZL>Z5&O%7NWAJW/&*7_ %\2\]$=)XGLO$_PGU3QY\-K
MV14;4(M+TW7$3<$N+:VN]-\1Z>RC/_/2*T?G..:XL'4P>>4,JSBFKJBZM6B^
ML92C4P]1/YH32RS6$DY,MD]I?FU:+S@VV")P
MVZ,5\A3X[Q5#BC%<0TL*G1Q=.-&>%E/_ )]2;FY02?7D5H[:I:JS/TC+\AP
M6#X>PG#M:E#%8*A@X82I&=K15-0J2E'I[27--V=TWH[JY\/>*/^">&@W>J
M377A#Q[>Z-IDTK2)I>KZ4NJR6:,)