Azure Power changes independent registered public accounting firm

Azure Power announced a change in its independent registered public accounting firm. The board approved the appointment of ASA & Associates as an independent public accounting firm registered with the Public Company Accounting Oversight Board for the company’s US GAAP consolidated financial statements for FY22, pursuant to the resignation of S.R. Batliboi. ASA is a full-service firm of accountants, tax advisory, corporate strategy and compliance experts with over 32 years of experience and over 1,000 associates. S.R. Batliboi, member firm of Ernst and Young Global, tendered its resignations as the independent registered public accounting firm of the company and the Auditors of the subsidiary companies of APIPL. In its letter, SRB stated that in view of the fact that they are yet to receive the information that they have requested to complete their audit work inclusive of the March 31, 2022 draft financial statements, US annual filing, associated books and records, and our conclusions and representations on the impact of the whistle blower complaints, it is not possible for them to complete the audit of the financial statements within the timeline expected by the company. They have therefore tendered their resignation.