NEW
DELHI, Feb. 15, 2023 /PRNewswire/ -- Azure Power
Global Limited (NYSE: AZRE) ("Azure" or the "Company") today
announced that it received a letter from the New York Stock
Exchange (the "NYSE") on February 14,
2023, notifying that the NYSE's Listings Operations
Committee agreed to provide the Company with an additional trading
period through July 15, 2023, 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 (the "2022 Annual
Report") with the U.S. Securities and Exchange Commission (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,
2023 trading period. In addition, if the Company does not
complete the filing of its 2022 Annual Report and any subsequent
delayed filings with the SEC by the end of the maximum 12-month
cure period on August 16, 2023, the
NYSE will move forward with the initiation of suspension and
delisting procedures.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 21E of the US Securities Exchange Act of
1934, as amended, and the US Private Securities Litigation Reform
Act of 1995, including statements regarding completion of the
Fiscal 2022 Audited Financial Statements and the filing of the Form
20-F. The risks and uncertainties that could cause the Group's
results to differ materially from those expressed or implied by
such forward-looking statements include: the timing of the
completion of the Fiscal 2022 Audited Financial Statements; and
such other risks identified in the registration statements and
reports that the Company files with the SEC. All forward-looking
statements in this press release and are based on information
available to the Company as of the date hereof, and the Company
assumes no obligation to update these forward-looking
statements.
About Azure
Azure is a leading independent sustainable energy solutions
provider and renewable power producer in India. Azure developed India's first utility scale solar project in
2009, and since then has grown rapidly to become a leader in
developing and operating large utility-scale renewable energy
projects in the country.
For more information about Azure, visit: www.azurepower.com.
For more information:
Contact
ir@azurepower.com
pr@azurepower.com
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SOURCE Azure Power
