Azure Power Global announced that it received a letter from the NYSE on February 14, notifying that the NYSE’s Listings Operations Committee agreed to provide the Company with an additional trading period through July 15, subject to reassessment on an ongoing basis, to complete and file the Company’s annual report on Form 20-F for the fiscal year ended March 31, 2022 with the SEC and any subsequent delayed filings pursuant to the NYSE’s late filer rules outlined in Section 802.01E of the NYSE Listed Company Manual. The Company has been in ongoing cooperation and correspondence with the NYSE on the late filing issue. The NYSE notified the Company that it will closely monitor the Company’s progress with the milestones and timing submitted to the NYSE. Failure to achieve these interim milestones could result in accelerated trading suspension prior to the end of the July 15 trading period.
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