BREAKING:

This document presents the combined financial statements for Azure Power Restricted Group III Special Purpose for the year ended March 31, 2025. It features an Independent Auditor's Report that provides a qualified opinion and outlines key areas of focus.

• Explore the dynamics of the group's revenue and expenses, highlighting significant changes in operational performance over the past year
• Uncover the independent auditor's specific findings that led to a qualified opinion, offering crucial context for interpreting the financial health
• Examine the core accounting principles and extensive notes that detail the group's assets, liabilities, and overall financial structure

BREAKING:

Azure Power Global Limited encountered a demanding fiscal year, experiencing continued financial losses as it navigated significant operational and legal complexities. The company undertook a comprehensive review of its projects, leading to the termination of several contracts due to viability concerns and regulatory uncertainties. Simultaneously, it confronted the aftermath of past compliance issues, which resulted in substantial legal proceedings and a renewed focus on strengthening internal governance.

• The company has had to reassess its project pipeline, withdrawing from significant ventures due to economic viability and legal complications
• It is addressing the repercussions of serious past allegations, which have led to legal actions against former associates and a notable resolution in a class action lawsuit
• Despite these challenges, there has been a concerted internal effort to fortify compliance and financial controls, ensuring a more robust operational framework moving forward

There will be an EGM on

Event dates:

For more information, click here: AZURE POWER ENERGY LTD 2024 EGM